Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
SLNH rebounded over 68% from a low point, completing it in just three trading days — but recently it has lost momentum. The entire week has been hovering around the key level of $1.70, with no clear direction.
On the upside, the $1.70 level is the primary resistance. Further up is the 50-day moving average at around $1.77, which has blocked the upward momentum for five consecutive days, indicating significant resistance.
What about support below? The 10-day and 20-day moving averages converge at $1.60, forming a solid support zone. It just rebounded from here last Friday, performing reasonably well.
The current situation is a tug-of-war between bulls and bears around $1.70. Whether it breaks through or pulls back depends on who reveals their hand first.