Left (LEFT) bulls have witnessed bulls strengthen for the first time since the conflict between Russia and Ukraine. Bulls, who are very active in their buy orders and meet almost every offer, are waiting for the US session to start a third wave of buying. A total gain of up to 20% can be seen with a $100 test tomorrow or Friday.
The Solana bulls are unlikely to stop until they hit the $100 level. Solana, who is trying to fend off the current negative news and even looking at her future levels, seems to be quite serious about this. With the progress of the peace talks, an improvement will be seen in the markets. Zelensky, Ukraine’s commitment to give up some regions in order to protect the rest of Ukraine and more moderate statements may start to have an impact on the markets. While it hasn’t happened yet, more effective decisions in the coming days could help trigger a quick relief rally.
Solana price it wants to maintain its current strength and see $95 by strengthening the bullishness of the US trading session. This creates a level where the 55-day simple moving average and an old bandwidth gap will kick in and provide a short-term top in price action. Following this move, SOL will adjust its price to $102. If SOL can break the $100 barrier, it could give the markets a fresh buy signal.
The rally may be short-lived, as no ceasefire or other definitive decisions have been taken. There is also a possibility that any upside move will bounce off $100 and the monthly pivot and be rejected outright to the downside. In this case LEFT priceIt will quickly retrace gains and break below $80 to $76 at the monthly S1 support level.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.