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Solana Price Prediction Today, October 24, 2022: SOL/USD Portrays Minor Upward Correction

Solana Price Prediction Today, October 24, 2022: SOL/USD Portrays Minor Upward Correction
Solana Price Prediction Today, October 24, 2022: SOL/USD Portrays Minor Upward Correction

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After price movement in the SOL/USD reached a strong support near the $27 price level, it seems to be aligning for a change of trend. At this point, technical indicators are indicating that price action is changing direction. We will further study the SOL/USD in this price analysis and we shall extend our scope to the SOL/BTC market too.

SOL Analysis Statistics Data:
Solana value now: $ 28
SOL market cap: $10.36 billion
Solana moving supply: 358.37 million
The Total supply of SOL: 511.62 million
Solana’s Coinmarketcap ranking: #9

Key Price Levels:
Top: $28, $35, $40
Base: $27, $25, $20

Solana Price Prediction Today, October 24, 2022: SOL/USD Portrays Minor Upward Correction

Solana Price Prediction Today, October 24, 2022: SOL/USD Changes Direction

With some effort from SOL/USD Bulls, price action has changed direction. The latest candle on this chart reveals that buyers are fighting for the control of price action. Furthermore, the Average True Range (ATR) indicator is almost flat which indicates that buyers will have to contribute more effort to effectively change direction. However, the Stochastic RSI gave a bullish crossover deep in the oversold region. If this session ends significantly in the favor of buyers, this will initiate a considerable change in price movement. In the short term, we can expect Solana’s price to reach the $30 price level.

Solana Price Prediction Today, October 24, 2022: SOL/USD Portrays Minor Upward Correction

Solana Price Prediction Today, October 24, 2022: SOL/BTC Moves Upwards

Price action on the SOL/BTC daily market seems very similar to what we have SOL/USD market. Here an inverted hammer appeared right off the floor of the Bollinger band, this portrays a short-term gain. The ATR is slightly tilted at the terminal to the downside. Also, the RSI curves have crossed each other in the oversold, which implies an upward price move from here. With this crossover, the price will rise upwards, and may soon get to around 0.001500.

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