SOL/BTC - Solana: BBand Breakout

◳◱ On the SOL/BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.0026222 | 0.0029394 | 0.0036074 and support near 0.0019542 | 0.0016034 | 0.0009354. Entering trades at 0.0023372 could be strategic, aiming for the next resistance level.

◰◲ General info:
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.0023372 ₿
▣ 24HVol: 368.582 ₿
▣ 24H Chng: 4.798%
▣ 7-Days Chng: -0.22%
▣ 1-Month Chng: -13.73%
▣ 3-Months Chng: 80.49%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.0026222 | 0.0029394 | 0.0036074
◢ Support: 0.0019542 | 0.0016034 | 0.0009354

◱◳ Indicators recommendation:
▣ Oscillators: BUY
▣ Moving Averages: BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: -2.73
▣ Last 90D: 2.52
▣ Last 1-Y: 2.48
▣ Last 3-Y: 1.02
◲◰ Volatility:
▣ Last 30D: 0.91
▣ Last 90D: 0.90
▣ Last 1-Y: 0.91
▣ Last 3-Y: 1.19

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.74 - Bullish

▣ In-depth SOLBTC technical analysis on Tradingview TA page

snapshot

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