Altcoin Update: SOL Analysis Yesterday SOL dropped 8.3% and | MYC Signals

Altcoin Update: SOL Analysis

Yesterday SOL dropped 8.3% and traded below its 50-day MA for the first time in almost a month. But over the past 24 hours, trading has been confined within the 50-day and 200-day MAs, between 21.87 and 20.

With the death cross on the 4-hour chart, we’re cautiously bearish on SOL in the short term. Our bearish entry is below the 200-day MA, just below 20. However, if it bounces back above the 50-day MA, the bulls could push it beyond 25.

These are our key levels

R1 21.9
R2 23.5
R3 25.5

S1 20
S2 18.5
S3 17

https://www.tradingview.com/x/vph3a2I9/