{"id":356461,"date":"2022-11-08T05:21:22","date_gmt":"2022-11-08T10:21:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=356461"},"modified":"2022-11-08T05:41:55","modified_gmt":"2022-11-08T10:41:55","slug":"solana-price-prediction-for-today-08-november-sol-retests-previous-low-at-24-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-for-today-08-november-sol-retests-previous-low-at-24-level","title":{"rendered":"Solana Price Prediction for Today, 08 November: SOL Retests Previous Low at $24 Level"},"content":{"rendered":"

Bulls may dominate Solana market soon<\/h2>\n

Solana Price Analysis \u2013 08 November<\/h2>\n

When sellers increase their momentum price may be pushed below the support level of $27 and it may reduce to $25 and $20 price levels. In case bulls defend the support level of $27, Solana<\/a> may change to a bullish direction toward the resistance level of $30, $32, and $34.<\/p>\n

SOL\/USD Market<\/h2>\n

Key Levels:<\/h2>\n

Resistance levels: $30, $32, $34<\/p>\n

Support levels: $27, $25, $24<\/p>\n

SOL\/USD Long-term Trend: Bearish<\/h2>\n

On the daily time frame, Solana is on the bearish movement. The crypto bounced up from the support level of $27 on 22 October when the sellers\u2019 momentum became weak. Solana increased to the resistance level of $38 after it broke up the resistance levels of $31 and $34. Sellers reacted against the price increase with the formation strong bearish candles. Yesterday, the price was reduced to $24 support level.<\/p>\n

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Solana is trading below the 9-period and 21-period EMAs as an indication of bearish movement. When sellers increase their momentum price may be pushed below the support level of $27 and it may reduce to $25 and $20 levels. In case bulls defend the support level of $27, the price may change to a bullish direction toward the resistance level of $30, $32, and $34.<\/p>\n

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SOL\/USD Medium-term Trend: Bearish<\/h2>\n

On the 4-hour chart, Solana is bearish. An evening Doji candle pattern formed at the resistance level of $38 on 05 November signaling to the traders that bears are ready to dominate the Solana market. More bearish candles were produced and the price declined toward the support level of $24. The former support levels of $32 and $30 have turned to resistance levels.<\/p>\n

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However, the relative strength index period 14 is at 36 levels and the signal line is pointing up to indicate a buy signal which may be a pullback.<\/p>\n

The IMPT Presale Is Ongoing<\/h3>\n

The\u00a0IMPT<\/a> presale continues with a worth of over $12m realized within a few weeks. The Impact Project is focused around changing the way that carbon credits are managed. It acts as an intermediary between the ESG industry and the crypto world.<\/p>\n

Dash 2 Trade (D2T) Presale getting Hotter<\/h3>\n

Another discounted and fast-selling token is Dash 2 Trade<\/a> (D2T) presale. At the moment it has acquired more than $5m for platform development.<\/p>\n

Related<\/strong><\/p>\n