Analysis of the Sun (soil) and market feeling trading

In recent months, Solana, being the first decentralized public network based on Blockchain in the world, has attracted the attention of investors and traders. The cryptocurrency market is known for its high volatility, and this feeling is determined by several factors. In this article, we will analyze trends in the volume of sun (soil) operations and explore the feeling of market by using indicators and technical analysis.

Trends in trade volume:

The volume of cryptocurrency trade is a very important indicator of its price actions and general demand. A major increase in trade volume can show increased interest in investors and traders, and a decrease may indicate impulse losses or reduce investor appetite.

Looking at the current Solana market (SOL) market:

* Trend:

Solana’s trade volume has grown steadily in recent months.

* Average volume: 10.5 million. Soil per day

* Daily trade volume interval: from $ 400,000 to $ 1.2 billion

Sent from the market:

The feeling of market can be evaluated using various indicators and tools, including schemes, tendencies and technical analysis methods.

We will analyze the following indicators for the sun (for the soil):

• Relative Resistance Index (RSI): This indicator measures the connection between the closure price of the property and the price range of a period of time. Reading from 30 to 70 shows overestimated conditions, while the value of less than 20 shows exceeding conditions.

* Current RSI: 40

• Bollinger bands (BB): These bands mark the upper and lower boundaries of the price coupling medium. When RSI is over 50 years old, it can mean high or overestimated condition. On the contrary, when RSI is under 30, it may offer a decreasing condition or overcome a condition.

* Current BB: 35

Diagram Analysis:

The graphical analysis of Solana (soil) performance shows several basic models and trends:

* Trend: Soil/USD pair of trends increased from its foundation in 2021. In July This is confirmed by the increased volume of trade, which indicates the high demand for assets.

* Aid levels: Recently, the price set support for $ 44.50. If this level is maintained, it could provide the purchase alarm due to the additional increase in prices.

* Resistance levels: The price has been checked and rejected when the resistance level is around $ 60-70, indicating a strong increasing impulse.

Conclusion:

Analysis of trading volume and market feelings can be an effective way to evaluate the overall direction of Sola (soil). By monitoring the increase in trade volume and determining monitoring conditions, we can be aware of the reason for the purchase or sale of soil. Graph analysis can also provide valuable information on price trends and resistance levels.

Recommendations:

Based on our analysis, we recommend:

* Purchase: When the volume of trading is significantly increased and RSI is less than 20, it shows excessive conditions.

* SALE: When the price corresponds to support levels such as $ 44.50 and BB is higher than resistance, such as $ 60-70.

Refusal of responsibility:

This article should not be considered as investment tips. Trade cryptocurrencies pose a high risk, including, but without limit, market volatility, regulatory changes and security problems. Always do your own research before making trading decisions, set your budget and consider your own tolerance for risk.

Note: The information provided is intended for general orientation purposes and is not personalized investment tips.