$SOL /ETH is — Solana's performance against Ethereum! It is currently trading at 0.04133 ETH, which is approximately Rs 38,758. In the last 24 hours, there has been a dip of -2.80%, but overall Solana's strength remains.
Sentiment is slightly Neutral to Slightly Bearish in the short term, as a decline of more than -10% is also visible over the last 7 days.
However, support seems strong! Immediate Support is at 0.04118 (24h Low), and buying is also visible in the order book between 0.04127 and 0.04129.
On the upside, Resistance is heavy at 0.04139 (MA25) and then at 0.04185 (MA99). To break out, these levels need to be conquered.
If Solana's momentum returns and shows strength in the ETH pair, then a Target of 0.04203 and subsequently 0.04230 seems reasonable.
Volume is decent, so there is no liquidity issue — it is a solid altcoin pair for the watchlist!