Technical analysis by cnote56 about Symbol SOLO: Buy recommendation (2/20/2024)

Many bull flags printed in recent history show some bullish price action on this Sologrnic chart. Meant for the tokenized stock market that NASDAQ is supposedly building, Sologrnic appears to be an ETH-like token on the XRPL that looks to facilitate a decentralized stock and tokenized asset marketplace. Here, the chart shows us a bottom forming in the recent past with lots of volume and buyers triggering sell-offs that you can see by the long leading tails of the candles with corresponding high-volume days. I'm a long-term holder because I see this token returning to above $5. I'm not sure, but it will be as soon as the world wakes up to the limitations of the current stock market models and after asset tokenization gets into the regulated marketplaces.