SOL: First Potential Signs of Bottoming

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SOL: First Potential Signs of Bottoming SOL / TetherUSBINANCE:SOLUSDTBelFed_AnalyticsWe were expecting an important bottom to form in the 81–62 macro support levels, per our February crypto macro update (see link bellow). Chart (weekly): So far, price action and its relative strength versus BTC and other major altcoins is a very important factor for potential further outperformance if the whole sector finds a bottom in coming weeks. Chart: Price is working on what looks like an impulsive price structure. The next local resistance zone is in the 85–88 area, which might trigger local selling pressure back toward local support at 77–74. But as long as price holds above 74, we will be looking for further upside toward the 93 and 100 resistance levels, and watching for opportunities to open a swing-long position. Our Feb macro-analysis of crypto space: Thanks for reading!