Search Inside Bitcoins

Solana Price Prediction for Today, 23 November: SOL Awaiting a Bullish Spark

Join Our Telegram channel to stay up to date on breaking news coverage

Bulls may dominate Solana market soon

Solana Price Analysis –23 November

When buyers defend the support level of $12, bulls may increase their momentum, and Solana may break up the resistance level of $19 and expose the price to $23 and $26 resistance levels. In case the bears’ pressure increases, the price may decrease further below the $12 support level, in which the support level of $10 and $08 may be tested.

 

SOL/USD Market

Key Levels:

Resistance levels: $19, $23, $26

Support levels: $12, $10, $08

SOL/USD Long-term Trend: Bearish

On the daily time frame, Solana is on the strong bearish movement. Sellers hold unto the Solana market. The crypto declined sharply from the resistance level of $38 on 06 November. The support level of $13 was reached on 08 November. It pulled back and commenced a slow bearish movement towards the previous low. It seems the bulls are gathering momentum to take over the market.

Solana is trading below the 9-period and 21-period EMAs at close contact as an indication of low bearish movement. When buyers defend the support level of $12, bulls may increase their momentum, and the price may break up the resistance level of $19 and expose the price to $23 and $26 resistance levels. In case bears’ pressure increases, the price may decrease further below the $12 support level, in which the support level of $10 and $08 may be tested.

SOL/USD Medium-term Trend: Bearish

On the 4-hour chart, Solana is bearish. When the price falls from the high of $38 to the low of $13 level with strong momentum from the sellers. The momentum of the sellers fails and could not break down the $13 support level. Also, the bulls’ momentum is very low and this is what led to price consolidation within the two levels mentioned.

Solana is trading around the two EMAs and 9-period EMA is interlocked with 21-period EMA as an indication of a ranging market. However, the relative strength index period 14 is at 56 levels, and the signal line pointing up to indicate a buy signal.

It is important to know that the IMPT team has announced a giveaway promo of $100K IMPT. Do not miss it for any reason. IMPT token presale is still live, and close to $13.5 million has been realized so far.

At the moment, the D2T presale is on and it has raised close to $7 million. A novel platform like Dash 2 Trade would have red-flagged the FTX disaster. This is an innovative bundle of tools: analytics, metrics, signals, auto-trading, and analysis tools.

Related

Dash 2 Trade - High Potential Presale

Our Rating

Dash 2 Trade
  • Active Presale Live Now - dash2trade.com
  • Native Token of Crypto Signals Ecosystem
  • KYC Verified & Audited
Dash 2 Trade

 

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!

X

Can This New Token Presale 100x?

Can This New Token Presale 100x?

Can This New Token Presale 100x?

X