SOLUSDT: Approaches on Growth Platform
2024-10-23

Hello traders, Edward here!

On the previous D1, we saw a change in trend, after which the market moved into a consolidation phase and now reached 165.57. The resistance zone of the upper channel of the market wedge continues to hold the price, but in the context of the price being compressed and gradually approaching on the basis of growing volume supported by the nearby EMA 34, sellers have less and less opportunity to hold the resistance zone. The break of the mentioned line will trigger the realization and distribution phase, which will give us bullish momentum.