R.Linda Trading - forecast

Trading signals for #SOLUSDT → False breakdown of the 200SMA. Bullish direction

CRYPTO forecast
The SOLUSDT has been in the 26-20 range for more than a month, after breaking resistance. The price makes a false break of the key support and tests the 200 SMA. What's next?

Earlier we saw a broken trend, but at the time of the breakout the market moved smoothly into a correction phase and bitcoin was dragging weak altcoins down behind it.

SOL is feeling more confident than bitcoin at the moment, tentatively, we can say that the bulls (big buyers) are trying to hold the asset of interest.

If the level of 20.34 will be held, then in the medium term it is worth to expect a breakdown of 26.05 and further growth towards 38.39, as this area is the key liquidity zone at the moment.

Strong support: 20.34, the 200 SMA, the descending boundary of the channel

Strong resistance: 50 SMA, 26.05.

I expect a rebound from the level of 20.34 and growth in the medium term, as the coin shows us good bullish potential at the moment.