Despite the strong downward selling pressure on Bitcoin (BTC) which is currently taking place, there are a few altcoins that have been moving up over the last few days. Both $SOL and $INJ are two of the more fundamentally sound altcoins that are approaching breakouts. Will these breakouts occur, and what are the upside targets?
$SOL breakout or rejection?
Source: TradingView
$SOL has been rising steadily over the last 5 days to record a 17% gain from the bottom of $121. The price is up against some tough resistance at $142, which also converges with a short term downward trend line (dashed line). If the price can get above here, the breakout of the triangle could potentially be the next move – $BTC allowing.
Source: TradingView
The weekly time frame for $SOL shows that the price is currently taking hold above the 0.382 fibonacci. The fact that the price has not fallen down to the 0.618 fibonacci is a very bullish sign, and should the bounce continue from here and break thr
We współpracy z: https://cryptodaily.co.uk/2024/07/solana-sol-and-injective-protocol-inj-approach-breakouts
