Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Bitcoin [BTC] faced rejection at the $21.6k mark.
The $21.5k and $23.2k levels were strong resistance levels, and Bitcoin faltered at the first hurdle. This saw a drop across the altcoin market as well.
Solana [SOL] pushed as high as $39 but was forced to pull southward. It had some support at $33.8 and $31.8. Now, the question is- Can the buyers defend these levels?Source: SOL/USDT on TradingViewIn the past week, the $36 and $25.86 were key swing high and swing low levels (dotted white) to watch out for.
In the past couple of days, the swing high was broken to suggest that an uptrend could be initialized.This bullish market structure break was followed by a higher low formed at $33.78 (orange) and a push toward the $41 resistance.Read more on ambcrypto.com