Solana ($SOL) Technicals Suggest Bullish Reversal In Play After Dip

2023-10-15 10:59

Solana (SOL) has been trading in a range between $16-$27 over the past few months according to popular crypto analyst Altcoin Sherpa.

This week SOL is down around 6% and currently trading near $22. However, technical analysis from altFINS suggests the recent pullback to support around $20 and the 200-day moving average could present a buying opportunity.

“Best to probably just buy and hold this for a bit.” – Sherpa wrote

AltFINS notes that trends are shifting to uptrend on the higher timeframes. Momentum is mixed with the MACD line below the signal line, indicating some bearishness, but RSI is around 50 suggesting a neutral outlook.

Key support levels sit at $20 (previous resistance) and $12. Resistance is seen at $25-$30 and $38. With SOL bouncing off support and trends poised to turn upward, altFINS believes there is upside potential for Solana to return to the $25-$30 zone.

Analysts suggest SOL may continue ranging between $16-$27 short-term but ultimately technicals point to a bullish bias. The recent dip to $20 support could offer an opportunity for traders looking to buy the dip and capitalize on a move back towards overhead resistance.

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The post Solana ($SOL) Technicals Suggest Bullish Reversal In Play After Dip appeared first on CaptainAltcoin.

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Sola (SOL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1285 (-100%)

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Источник: captainaltcoin.com

sol trading → Результатов: 126


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2022-7-9 03:30


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2022-6-4 20:17


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2022-2-8 20:18


Solana ETP от Valour получил листинг на Франкфуртской фондовой бирже

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2022-2-3 14:23


Crypto.com launches new OTC trading portal for large orders

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2021-12-1 00:03


Crypto.com launches new OTC trading trading portal for large orders

Crypto. com, a cryptocurrency exchange platform, today announced that its exchange service now features a new over-the-counter (OTC) portal. Immediately, select institutional and VIP clients can get instant and custom quotes on block trades for over 10 trading pairs, specifically BTC/USDT, ETH/USDT, ADA/USDT, XRP/USDT, SOL/USDT, BTC/USDC, ETH/USDC, ADA/USDC, XRP/USDC, and SOL/USDC.

2021-11-23 00:03


Crypto-margin trading platform Evolve lists LINK, DOGE, SOL, BNB & DOT

Evolve Markets, a bitcoin and cryptocurrency denominated margin trading platform, today announced it has added five new crypto trading markets with the listing of LINK, DOGE, SOL, BNB, and DOT. The following markets are now listed in the crypto orderbook on Evolve Markets: Chainlink (LINK-USD) Dogecoin (DOGE-USD) Solana (SOL-USD) Binance (BNB-USD) Polkadot (DOT-USD) Trading Specifications […] The post Crypto-margin trading platform Evolve lists LINK, DOGE, SOL, BNB & DOT appeared first on CryptoNinjas.

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