A widely respected analyst and trader is providing insight into two digital assets as the overall cryptocurrency market cap rises.
Cryptocurrency analyst known by the pseudonym Bluntz says 241,400 followers on social media platform
A bullish divergence occurs when an oscillator (in this case the Relative Strength Index (RSI)) makes higher lows while the price of an asset continues to make lower lows.
WIF is trading at $0.952 at the time of this writing, up about 229% from its February 24 low of $0.289.
Let’s take a look at Solana (SOL), a household name analyst. Called There is a possibility that the layer 1 altcoin may bottom against Bitcoin (BTC) after forming a bullish divergence for an hour.
In three-day increments, Bluntz Called The Solana/Bitcoin pair is forming a “hellish bottom.” The lower wick is a candle that indicates that the price has pulled back significantly from the low and closed at a much higher price, creating a thin line at the bottom of the candle.
Solana is trading at 0.00216 BTC ($133.37) at the time of writing.
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