The crypto-market got a wave of gains last week, and the bullish attitude in some currencies has continued today. And starting this week, economic data, ETH merger, and FOMC will come one after another. The CPI data will be released in a little while, and almost everyone thinks it will fall, but how much will determine the hike at the end of September and the terminal federal funds rate. In two days, the merger of the ETH execution layer will also be launched. We can see from the data on the chain that the funding rate of ETH perpetual futures has shown a large-scale bearish attitude, which may be caused by some people's hedging. This also illustrates the criticality of the merger.
SOL's performance last week surprised us, turning up after hitting its previous low, and it has risen no less than BTC and ETH in the last week, especially on Monday. With the overall market bullish, SOL is not far behind. However, it should be noted that although the price has risen sharply, the trading volume is not as large as it in the previous rebound process. In this case, the built support level will be weak.
Conclusion: Mostly rising. We are also bullish on SOL this week. We raised the support level to 35 and the resistance level to 43.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
SOL's performance last week surprised us, turning up after hitting its previous low, and it has risen no less than BTC and ETH in the last week, especially on Monday. With the overall market bullish, SOL is not far behind. However, it should be noted that although the price has risen sharply, the trading volume is not as large as it in the previous rebound process. In this case, the built support level will be weak.
Conclusion: Mostly rising. We are also bullish on SOL this week. We raised the support level to 35 and the resistance level to 43.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
