{"id":353246,"date":"2022-10-23T19:13:58","date_gmt":"2022-10-23T23:13:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=353246"},"modified":"2022-10-23T19:22:47","modified_gmt":"2022-10-23T23:22:47","slug":"solana-price-prediction-for-today-october-23-sol-bearish-trend-ends-at-28-000-price-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-for-today-october-23-sol-bearish-trend-ends-at-28-000-price-level","title":{"rendered":"Solana Price Prediction for Today, October 23: SOL&#8217;s Bearish Trend Ends at $28.000 Price Level"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-353250\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_22-21-59.png\" alt=\"Solana Price Prediction for Today, October 23: SOL Bearish Trend Ends at $28.000 Price Level\" width=\"1280\" height=\"506\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_22-21-59.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_22-21-59-300x119.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_22-21-59-1024x405.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_22-21-59-768x304.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-nft\/solana-nft-projects\">Solana<\/a> market started trending down on the 6th of October and it continued for some period. Buyers tried to salvage the market with strong bullish momentum on the 16th and the 17th of October, but they soon lose their grip on the market. Sellers resume the down-trend with a very strong move that went on for 3 consecutive days between the 18th to the 20th of October. Later in the day on the 21st of October, buyers became strong enough to regain the market.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Solana X Market Price Statistic:<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">SOL\/USD price now: $28.1300<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SOL<\/span><strong><span data-preserver-spaces=\"true\">\/<\/span><\/strong><span data-preserver-spaces=\"true\">USD market cap: $511,616,946<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SOL\/USD circulating supply:358,373,708.82<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SOL\/USD total supply: 511,616,946<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SOL\/USD coin market ranking: #9<\/span><\/li>\n<\/ul>\n<p><strong><span data-preserver-spaces=\"true\">Key Levels<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Resistance: $28.500, $29.000, $29.500<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0Support: $27.500, $27.00, $26.500<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Solana Market Price Analysis: The Indicators\u2019 Point of View<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Although the Bulls were able to take the market on the 21st of October, they could not break away from the flat market which went on for three days at the current price. This price level is expected to become new support for a new bullish performance that is if this consolidation results in one. For now, a major price direction for the market is not known as the RSI line continuously measures 35% for four days.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-353249\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_19-26-33.png\" alt=\"Solana Price Prediction for Today, October 23: SOL Bearish Trend Ends at $28.000 Price Level\" width=\"1280\" height=\"506\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_19-26-33.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_19-26-33-300x119.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_19-26-33-1024x405.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/SOLUSD_2022-10-19_19-26-33-768x304.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">SOL\/USD 4-Hour Chart Outlook<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The Bollinger band shows signs that the trend may break out either way soon because the upper band and the lower band are beginning to converge. The MACD also points to the same thing. An imminent bullish breakout is expected as the faded red histograms are reducing and will soon culminate into a bullish trend. Even the RSI line is facing an upward direction.<\/span><\/p>\n<p>Dash 2 Trade (D2T) is a new token currently on presale and has so far raised $1.25 million in some few days. This is an indication that buyers has a high level of interest towards this crypto. The presale of this new token has potential than certain well-known cryptocurrencies<\/p>\n<h3><span data-preserver-spaces=\"true\">\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Related<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/dash-2-trade-price-prediction\"><span data-preserver-spaces=\"true\">D2T Price Prediction<\/span><\/a><\/li>\n<li>\u00a0<a href=\"https:\/\/insidebitcoins.com\/cryptocurrency\/buy-dash-2-trade\">How to Buy D2T<\/a><\/li>\n<li>\n            <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Solana market started trending down on the 6th of October and it continued for some period. Buyers tried to salvage the market with strong bullish <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-for-today-october-23-sol-bearish-trend-ends-at-28-000-price-level\" title=\"Solana Price Prediction for Today, October 23: SOL&#8217;s Bearish Trend Ends at $28.000 Price Level\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":353240,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[12214,10639,12580],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Price Prediction for Today, October 23: SOL&#039;s Bearish Trend Ends at $28.000 Price Level<\/title>\n<meta name=\"description\" content=\"Solana market started trending down on the 6th of October and it continued for some period. 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