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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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#SOL#
🔥 On October 10, SOL broke through the ascending channel pattern, and the bears looked quite aggressive, seemingly about to take the initiative. 😤
But the bulls didn't give up! They decisively stepped in to bottom-fish at the low of $168, igniting a strong rebound on October 12🔥, pushing the price back near the channel breakout level in one go, almost erasing all the gains of the bears.
The key to the market next lies in these few steps:
👉 If the price breaks below $168 again, it indicates that market confidence is starting to waver, and bears may regain the upper hand, targeting $155.
👉 But if the bulls push the price back above the moving average, it would mean taking control again! The market may challenge the resistance above $260, and the bears will be in trouble again 💥.