Bottom ahead? Solana paints its first ‘death cross’ as SOL losses 50% in January By Cointelegraph
Feb 1, 2022
Solana (SOL) seems to be poised to color its first “loss of life cross” this week, elevating fears that its ongoing selloff would proceed additional into February.
Notably, the SOL value’s 50-day exponential shifting common (50-day EMA; the purple wave) will finally shut beneath its 200-day EMA (the blue wave), signaling a bearish crossover, referred to as a loss of life cross, that sometimes prompts merchants to promote.
each day value chart that includes its 50-200 EMA loss of life cross. Supply: TradingViewSOL/USD each day value chart that includes its interim assist targets. Supply: TradingView each day value chart that includes current loss of life crosses. Supply: TradingViewS&P 500 each day value chart that includes current loss of life crosses. Supply: TradingViewSOL/USD each day value chart that includes rebound situations. Supply: TradingView
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