Solana

<ul class="news-points"> 
 <li><strong>The analyst Blunts revealed in a X post today that SOL is in an interesting situation.</strong></li> 
 <li><strong>SOL was attempting to escape a negative trend but was also bouncing off of a long-term positive trend line.</strong></li> 
 <li><strong>At press time, CoinMarketCap indicated that SOL was one of the best performers in the top 10 list.</strong></li> 
</ul> 
<p>The cryptocurrency analyst Bluntz shared in an X post earlier today that the <a href="https://coinedition.com/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">price of Solana (SOL)</a> was in an interesting situation from a technical standpoint. On one hand, the altcoin’s price is attempting to break out of a bearish structure. Meanwhile, SOL was also bouncing off of a key uptrend that had started all the way back in January of this year.</p> 
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   <p lang="en" dir="ltr">interesting PA on <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> here.<br><br>its trying to break bearish structure with a downtrend break, 4h IHS and bouncing from key january uptrend <a href="https://t.co/0WcFGvnghf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0WcFGvnghf</a></p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1707573843077001423?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 29, 2023</a> 
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<p>Bluntz’s post follows SOL’s break above a steep negative trend line that had formed on the altcoin’s charts after it had printed lower highs throughout the past few weeks. As a result of this breakout, the altcoin’s price was able to flip the 9-day EMA line into support as well.</p> 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh4.googleusercontent.com/LN8Z2FrJMETLcCPrp87Oq665HffeZBPG2ip7PsaC4JXk9k1B4q5Nv7RbmyRJur7zHAUfTco57DXN2j6FqmDNfWhDxN1MV51RRbi7DUuwcgqFziv35GL8EZWkeRGfLOd21jX65NMKCtisKlRp5cj1qhY" alt="Daily chart for SOL/USDT (Source: TradingView)"> 
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   Daily chart for SOL/USDT (S… 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sol-escapes-a-negative-trend-but-is-not-out-of-the-woods-yet/">SOL Escapes a Negative Trend but Is Not Out of the Woods Yet</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SOL Escapes a Negative Trend but Is Not Out of the Woods Yet

Coin Edition

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