Solana, Chainlink & SafeMoon — Asian Wrap 15 Sep

Solana bears get burned if SOL fails to break down

Solana price has moved lower by as much as -30% over the past six trading days. As the pullback from new all-time highs continues, Solana is entering into established median pullback ranges in cryptocurrencies. As a result, shorts attempting to enter the market near the $150 may find themselves on the losing side of a runaway market. 

 

Chainlink bears will get rekt if LINK price moves past $30

Chainlink price has found significant trading opportunities and support/resistance inside June’s primary bear flag channel. As a result, many resistance levels are ahead for Chainlink and share the same value area as the top of this channel. 

 

SafeMoon price stuck in a downward channel toward $0.00000050


SafeMoon (SAFEMOON) has been caught in a downward trend channel since May and has not been able to break out of it since. Sellers look to have the upper hand as every attempt to break the upside is met with heavy selling force. An intermediary consolidation looks to send SAFEMOON price action down again.