Solana Price Prediction for November 19: SOL Falls Near $10

Solana Price Prediction – November 19

It has been that there has been a continuation in the SOL/USD market bulls’ pushing weight weaknesses as the crypto coin falls near the $10 support line. The last several hours of trading have metamorphosed between $13.27 and $12.57, keeping a pace of minus 2.71 percentage rate as of the time of writing.

SOL/USD Market
Key Levels:

Resistance levels: $20, $25, $30
Support levels: $10, $7.50, $5

SOL/USD – Daily Chart

The SOL/USD daily chart reveals the crypto market falls near the $10 support level in a range-bound style as the $20 resistance level is the upper range part. Two horizontal lines have to highlight the value lines where range motions are featured. The 14-day SMA indicator is $21.69, underneath the $30.89 value line of the 50-day SMA indicator. The Stochastic Oscillators have tightly conjoined to maintain a consolidation-moving posture in the oversold region at 13.95 and 14.15 levels, indicating there is a light myth that the former trading instrument will strive for a recovery soon.

As the SOL/USD market consolidates in the $20 and $10 points, will the valuation fall more out of the zones?

Prolongation of the SOL/USD market bulls’ weaknesses may potentially degenerate into giving bears more strength in the range-bound spots to push down below the $10 support level as the price falls near it. At this point, a 1-hour chart will let long-position placers detect an early stage of spotting the possibility of price making a rebound before joining the move from a baseline afterward. In terms of investment talk, this time could be the best period to add to portfolio sizes.

On the downside of the technical analysis, as it is, it appears not to be the time to join an ongoing declining force in the range-bound spots of $20 and $10 of the SOL/USD market operations. A chain of lower lows has formed toward the lower range line. It does possess an ideal technical window opportunity for getting decent entries. It may as be highly psychologically inclining to exit some of the sell orders that might have executed below the $40 point or around the $30.

SOL/BTC Price Analysis

In comparison, Solana has deepened into lower range-bound spots below the trend lines of the SMAs. The 14-day SMA indicator is underneath the trend line of the 50-day SMA indicator. The Stochastic Oscillators are consolidating their presences in the oversold region at 12.60 and 12.28 levels to indicate that the base crypto may still witness some debase-moving pattern against the counter-trading crypto for a while. A bullish candlestick that can emerge from a lower zone will be a notification sign toward getting upswings to invalidate the continuation of the bearish trend.

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