Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
SOL bulls were not ready to relinquish their grip on the markets.
The non-existent retracements meant that buyers might have to be more aggressive.
Solana [SOL] has advanced up the price charts in an almost vertical line since the 19th of October. Whale transactions were reported, with SOL being sent to centralized exchanges, but it didn’t hamper the rally significantly.
The move above $50 gave bulls further confidence in their conviction. AMBCrypto’s analysis noted that the $75 level was the next major resistance.
A pullback to the $48-$51 region before the next move was anticipated. Yet it did not materialize, which highlighted the buyers’ strength.
The weekly chart underlined the bulls’ emphatic position
Source: SOL/USDT on TradingView
The one-week chart above noted that SOL has rapidly marched higher since beating the l
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