• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Market & Analysis

Solana (SOL) Slides to Support: Bulls Ready to Defend?

n70products by n70products
November 1, 2024
in Market & Analysis
0
Solana (SOL) Slides to Support: Bulls Ready to Defend?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Solana trimmed beneficial properties and traded beneath the $175 help zone. SOL value is now approaching the $165 help and may bounce again within the close to time period.

  • SOL value began a contemporary decline after it struggled close to the $185 zone in opposition to the US Greenback.
  • The worth is now buying and selling beneath $172 and the 100-hourly easy transferring common.
  • There’s a key bearish development line forming with resistance at $172 on the hourly chart of the SOL/USD pair (knowledge supply from Kraken).
  • The pair might begin an honest upward motion if it stays above the $165 and $162 help ranges.

Solana Value Holds Assist

Solana value struggled to clear the $185 resistance and began a contemporary decline like Bitcoin and Ethereum. There was a drop beneath the $180 and $175 help ranges.

The bears even pushed the worth beneath $172 and examined the $165 help zone. A low was fashioned at $165 and the worth is now consolidating losses beneath the 23.6% Fib retracement degree of the downward transfer from the $183 swing excessive to the $165 low.

Solana is now buying and selling beneath $172 and the 100-hourly easy transferring common. On the upside, the worth is going through resistance close to the $170 degree. The following main resistance is close to the $172 degree. There may be additionally a key bearish development line forming with resistance at $172 on the hourly chart of the SOL/USD pair.

Solana Price

The principle resistance might be $175 or the 50% Fib retracement degree of the downward transfer from the $183 swing excessive to the $165 low. A profitable shut above the $175 resistance degree might set the tempo for an additional regular enhance. The following key resistance is $182. Any extra beneficial properties may ship the worth towards the $185 degree.

Extra Losses in SOL?

If SOL fails to rise above the $170 resistance, it might proceed to maneuver down. Preliminary help on the draw back is close to the $165 degree. The primary main help is close to the $162 degree.

A break beneath the $162 degree may ship the worth towards the $150 zone. If there’s a shut beneath the $150 help, the worth might decline towards the $135 help within the close to time period.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining tempo within the bearish zone.

Hourly Hours RSI (Relative Energy Index) – The RSI for SOL/USD is beneath the 50 degree.

Main Assist Ranges – $165 and $162.

Main Resistance Ranges – $170 and $172.



Source link

Tags: BullsDefendReadySlidesSOLSolanaSupport
Previous Post

Ethereum Blobs Are ‘Insanely Bullish” For ETH Price: Research

Next Post

Bitcoin Faces 5th Rejection At $72,000, Is A Correction Coming?

Next Post
Bitcoin Faces 5th Rejection At ,000, Is A Correction Coming?

Bitcoin Faces 5th Rejection At $72,000, Is A Correction Coming?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Crypto Analyst Says Bitcoin Will Continue To Rise, ‘2024 Is A Bullish Year’

April 6, 2024
Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research

Bitcoin’s bull market will ‘redefine’ BTC’s role in modern portfolios — Fidelity research

May 23, 2025
FDIC moves to eradicate ‘reputational risk’ category from bank exams

FDIC moves to eradicate ‘reputational risk’ category from bank exams

March 26, 2025

Recents

Crypto Analyst Predicts  Dogecoin After Exhausted Selling Phase

Crypto Analyst Predicts $4 Dogecoin After Exhausted Selling Phase

June 20, 2025
White House Crypto Czar David Sacks Says One Catalyst Could Create Trillions of Dollars of New Demand for US Treasuries

White House Crypto Czar David Sacks Says One Catalyst Could Create Trillions of Dollars of New Demand for US Treasuries

June 20, 2025
Who are the companies hoarding bitcoin?

Who are the companies hoarding bitcoin?

June 20, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version