Solana

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   Nov 26, 2023 at 12:59 // 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/c1f/900_900_1/k4yp57v9cr5ipkh4i1disdqvjvmme32g.jpg" width="900" height="563" alt="" title="">
 <p><strong>Solana (SOL) has held above the moving average lines, although the uptrend has been interrupted since November 15. The cryptocurrency is now in a sideways trend.</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;">Solana traded between $51 and $68 last week in anticipation of a positive trend. Since November 23, the uptrend has been met with another rejection at the $60 high. If the sellers break the $51 support or the 21-day SMA, the altcoin will fall.</p>
 <p style="text-align: justify;">The downside momentum will extend to the 50-day simple moving average (SMA) or the $36 support. On the upside, further gains in the cryptocurrency are unlikely. In the meantime, the market will maintain its sideways trend if volatility remains unbroken.</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 bars are higher than the moving average and are leaning north. The moving average lines are sloping horizontally on the 4-hour chart, suggesting a sideways trend. Selling is predicted near the recent high as the market approaches the overbought area. Solana is overvalued.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <p style="text-align: justify;">Key supply zones: $60, $65, $70<br> Key demand areas: $30, $25, $20</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(Daily Chart) – NOV. 25.jpg" src="https://cdn.thebittimes.com/images/2023/11/26/cccc22c07ec04676af5ed583b08a33c9.webp" height="523" title="SOLUSD_(Daily Chart) – NOV. 25, 2023"><br></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;">Even though the uptrend has been broken, Solana is trading in the overbought zone. The altcoin is trading sideways between $51 and $68 per coin. The bullish momentum has paused near the high of $60 at the time of writing. It is predicted that the altcoin will gradually decline if it encounters rejection at $60.</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(4-Hpur hart) - Nov. 25.png" src="https://cdn.thebittimes.com/images/2023/11/26/2d7f0f5512ef09fa8e31ba6a468c97e8.webp" height="523" title="SOLUSD_(4-Hpur hart) - Nov. 25, 2023"><br></p>
 <p style="text-align: justify;"><span style="color: #000000;">Coinidol.com reported on November 19 that t</span>he price of Solana (SOL)&nbsp;has been nipped in the bud below the $70 mark.&nbsp;<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-continues-sideways-movement-below-60-tbt71662.html">https://thebittimes.com/solana-continues-sideways-movement-below-60-tbt71662.html</a></p>

Solana Continues Sideways Movement Below $60

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