The crypto market has been retreating in the last 2-3 days, after surging in the first half of this week. Although, this retreat is a good thing because it refreshes the bullish trend in most cryptocurrencies and opens up buying opportunities for people who were out of a trade here. Solana and Fantom have been among the most bullish cryptos since early October, but they have retreated lower in the last several days, so the pullback might be over for them.

Solana Daily Chart Forecast – The 20 SMA Acting as Support?

Solana surged higher during August, increasing from around $22 to $215, but in September we saw a retreat lower, which came as the crypto crackdown accelerated. The crypto market brushed it all off and in October the bullish trend resumed again, after the 50 SMA (yellow) acted as support on the daily chart.

A triangle was forming in Solana and we predicted a bullish breakout, which didn’t take too long to come. The bullish trend resumed again and the previous high at $215 was broken, The new high comes at $260, but in the last several days we have seen a pullback in this cryptocurrency. Although, SOL/USD is holding better than most cryptos and the 20 SMA (gray) is acting as support on this chart, so this might be a good time to buy Solana, considering the large number of projects that are live or coming up on the Solana ecosystem.

Fantom Daily Chart Forecast – The Previous High at $2.50 Turning into Support?

Fantom has been another really bullish cryptocurrency. It was trading around $0.25 in August, while in early September it reached a high of almost $2. Meanwhile, the previous high from back in May which stood just below $1 turned into support during the pullback in September.

The previous highs keep turning into support for Fantom 

In October the bullish trend resumed again and the price almost reached $2.50, while the previous high at $2 turned into support. That wasn’t all though as the bullish trend resumed again toward the end of October and FTM/USD reached almost $3.50.

The approaching Fantom Developer Conference in Abu Dhabi kept the sentiment positive but now that it is over and the crypto market has been retreating lower, Fantom has been retracing down as well. Although, it seems like the previous high has now turned into support and the 50 SMA (yellow) is also helping on the daily chart. So, this might be another good opportunity to go long, but we will follow the price action to see if we will get a bullish reversing signal.