Solana

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   Nov 19, 2023 at 10:43 // 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/03d/900_900_1/ivdn76oy8d46jlmhxoyqyzeq5bwrkmng.jpg" width="900" height="563" alt="" title="">
 <p><strong>Despite the recent decline, the price of Solana (SOL) is above the moving average lines. Solana price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="solana-price-long-term-prediction-bullish">Solana price long term prediction: bullish</h2>
 <p style="text-align: justify;">The price of Solana (SOL) has declined after reaching a high of $68 on November 16. The current rally has been nipped in the bud below the $70 mark. The altcoin has been trading below the resistance level for the past three days, indicating a likely return of the rally. The $70 resistance zone limits the upside. Solana is currently being sold in the $54-$70 range.</p>
 <p style="text-align: justify;">Buyers are still struggling to break through the $70 resistance level. If the buyers break the resistance zone, the altcoin will reach a high of $90.</p>
 <p style="text-align: justify;">The upward movement is shaky because the market has reached the overbought zone. The current rise will end if the cryptocurrency falls below the 21-day SMA or the $54 support level. The altcoin will fall to a low of $41.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-solana-price-indicator">Analysis of the Solana price indicator</h2>
 <p style="text-align: justify;">The price of the cryptocurrency has slipped below the moving average lines on the 4-hour chart, indicating more to come. The upward sloping moving average lines indicate that the uptrend has reached the overbought zone.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <p style="text-align: justify;"><b>Key supply zones: $60, $65, $70</b></p>
 <p style="text-align: justify;"><b>Key demand zones: $30, $25, $20</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="SOLUSD_(Daily Chart) – NOV. 18.jpg" src="https://cdn.thebittimes.com/images/2023/11/19/55339a645862e633d5e3fbdeaf1c380f.webp" height="500" title="SOLUSD_(Daily Chart) – NOV. 18, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-solana">What is the next move for Solana?</h2>
 <p style="text-align: justify;">Solana has entered the overbought zone after reaching a high of $70. The upswing has stalled below the last high. The price of the cryptocurrency is oscillating between $54 and $70. Breaking through these levels will determine the further course of the cryptocurrency. Nevertheless, the overbought situation of the cryptocurrency will have an impact on its uptrend.</p>
 <p style="text-align: justify;">On November 11, the altcoin exceeded expectations and reached a high of $63.95. And was trading below the $64 barrier on November 12, as Coinidol.com reported.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(4-Hpur hart) - Nov. 18.png" src="https://cdn.thebittimes.com/images/2023/11/19/ac0beed0c07f5f352b703475ce9598cc.webp" height="500" title="SOLUSD_(4-Hpur hart) - Nov. 18, 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-s-price-uptrend-is-unstable-as-it-retests-the-70-high-tbt70846.html">https://thebittimes.com/solana-s-price-uptrend-is-unstable-as-it-retests-the-70-high-tbt70846.html</a></p>

Solana’s Price Uptrend Is Unstable As It Retests The $70 High

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