Is the SOL Bull Market Over? Three Things to Consider Today (Solana Price Analysis)
Solana’s spectacular efficiency has come to an finish – or not less than that’s how the market seems to be on the time of this writing.
Key Help ranges: $44
Key Resistance ranges: $67
1. Uptrend Misplaced?
Regardless of a very good present from patrons, Solana misplaced momentum as soon as the value reached the resistance at $67, the place it was rejected by sellers. Bears have taken over, and the uptrend that began in mid-October has seemingly come to an finish.
2. Bearish Cross on Day by day
The each day MACD transferring averages simply did a bearish cross at this time, which confirms that sellers are again. If patrons don’t return, then this correction might see Solana fall again to its present assist at $44.
3. Day by day RSI Bearish Divergence
The bearish divergence that was noticed final week has been confirmed. The worth didn’t make larger highs and is now present in a correction. Till the each day RSI makes larger highs, the bias stays bearish.
Bias
The bias for SOL is bearish.
Brief-Time period Prediction for SOL Value
With the uptrend misplaced, Solana is in quest of assist. The extent at $44 is a powerful candidate for that because it has a very good likelihood to draw patrons once more. As soon as assist is discovered, this cryptocurrency might transfer larger once more.
Binance Free $100 (Unique): Use this hyperlink to register and obtain $100 free and 10% off charges on Binance Futures first month (phrases).
Disclaimer: Data discovered on CryptoPotato is these of writers quoted. It doesn’t signify the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You might be suggested to conduct your personal analysis earlier than making any funding selections. Use offered data at your personal threat. See Disclaimer for extra data.
Cryptocurrency charts by TradingView.
