Solana

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   Nov 12, 2023 at 11:45 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/350/900_900_1/dbfjlnq2yj6uyjkebttuc12g5d3oypev.jpg" width="900" height="563" alt="Solana﻿ has reached the overbought zone of the market" title="">
 <p><strong>The price of Solana (SOL) is rising as it approaches the expected price level of $53.40. New price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.<br> </strong></p>
 <h2 style="text-align: justify;" id="solana-sol-price-long-term-prediction-bullish">Solana (SOL) Price Long Term Prediction: Bullish</h2>
 <p style="text-align: justify;">On November 11, the altcoin exceeded expectations and reached a high of $63.95. The altcoin is currently trading below the $64 barrier. Solana has reached the overbought zone of the market. On the upside, further gains in the cryptocurrency are unlikely.</p>
 <p style="text-align: justify;">The price indicator has shown that a reversal of the cryptocurrency at the recent high was likely. Solana will fall to a low of $41 or the 78.6% Fibonacci retracement after being rejected at the recent high. If the altcoin falls and remains above the $41 support level, the crypto asset will be forced to range.</p>
 <h2 style="text-align: justify;" id="solana-sol-price-indicator-reading">Solana (SOL) Price Indicator Reading</h2>
 <p style="text-align: justify;">It appears that Solana has reached a bullish exhaustion as the price bars remain above the moving average <a rel="noopener noreferrer nofollow" title="lines" href="https://thebittimes.com/tag/lines.html">lines</a>. The cryptocurrency is pulling back towards the moving average <a rel="noopener noreferrer nofollow" title="lines" href="https://thebittimes.com/tag/lines.html">lines</a> as the market reaches an overbought condition. The current uptrend will continue as long as the price bars remain above the moving average <a rel="noopener noreferrer nofollow" title="lines" href="https://thebittimes.com/tag/lines.html">lines</a>. If the price falls below the moving average <a rel="noopener noreferrer nofollow" title="lines" href="https://thebittimes.com/tag/lines.html">lines</a>, the downtrend begins.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators</h3>
 <p style="text-align: justify;">Key supply zones: $60, $65, $70</p>
 <p style="text-align: justify;">Key demand zones: $30, $25, $20</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(Daily Chart) – NOV. 11.jpg" src="https://cdn.thebittimes.com/images/2023/11/12/c4ed220359f92ccdb15c065222cda536.webp" height="506" title="SOLUSD_(Daily Chart) – NOV. 11, 2023"><br></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-solana-sol">What is the next move for Solana (SOL)?</h2>
 <p style="text-align: justify;">Solana has reached bullish exhaustion after failing to break through the $64 resistance level. The cryptocurrency is in a downtrend after being rejected at its recent high. The downtrend is expected to continue to the low of $41. If the bears break below the moving average <a rel="noopener noreferrer nofollow" title="lines" href="https://thebittimes.com/tag/lines.html">lines</a>, the current rally will come to an end. Moreover, the decline will resume.</p>
 <p style="text-align: justify;">On November 9, it was reported that Solana&nbsp;was on its way to its previous high of $46.77.</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(4-Hpur hart) - Nov. 11.jpg" src="https://cdn.thebittimes.com/images/2023/11/12/6b6a4a504b1c01cd6d91b33cfd561e52.webp" height="506" title="SOLUSD_(4-Hpur hart) - Nov. 11, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-price-declines-as-it-is-unable-to-hold-above-the-64-peak-tbt70008.html">https://thebittimes.com/solana-price-declines-as-it-is-unable-to-hold-above-the-64-peak-tbt70008.html</a></p>

Solana Price Declines As It Is Unable To Hold Above The $64 Peak

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