Bottom ahead? Solana paints its first ‘death cross’ as SOL losses 50% in January -Breaking
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Solana (SOL) looks poised to paint its first “death cross” this week, raising fears that its ongoing selloff would continue further into February.
The SOL price’s 50 day exponential moving average (the red wave; the blue wave) will soon close below its 200 day EMA (the green wave), signaling A death cross is a bearish crossing, or a death crossover.That usually leads traders to buy.
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