2024

Solana

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   Jan 22, 2024 at 12:54 // 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/e23/900_900_1/9glx28ffhgzc7i6mnd5lr30zvnstvcqh.jpg" width="900" height="575" alt="The price of Solana remains trapped between the moving average lines" title="">
 <p><strong>The price of Solana (SOL) is trapped between the moving average lines as buyers and sellers continue to compete for the price.</strong></p>
 <h2 style="text-align: justify;" id="solana-price-long-term-forecast-fluctuation-zone">Solana price long term forecast: fluctuation zone&nbsp;</h2>
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 <p style="text-align: justify;">On January 17, buyers tried to hold the price above the 21-day SMA but failed to do so. The altcoin fell and found support above the 50-day SMA. SOL is currently trading at $87. The price of the altcoin is gradually falling as it approaches the 50-day simple moving average. If the price falls below the 50-day moving average, selling pressure will increase again. This will force the altcoin to fall further, to a low of $74.50. Meanwhile, the price of the cryptocurrency remains trapped between the moving average lines.</p>
 <h2 style="text-align: justify;" id="solana-price-indicator-analysis">Solana price indicator analysis</h2>
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 <p style="text-align: justify;">Solana has spent the last two weeks trading between the moving average lines. In other words, the price bars are trapped between the moving average lines. The altcoin performs when the price bars cross the moving average lines. On the 4-hour chart, the moving average lines are sloping horizontally, indicating a current sideways trend.</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(Daily Chart) – Jan. 20.24.jpg" src="https://cdn.thebittimes.com/images/2024/01/22/ccada5ba0977eea6ef0556af0b48e174.webp" height="491" title="SOLUSD_(Daily Chart) – Jan. 20.24.jpg"><br></p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
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 <p style="text-align: justify;"><b>Key supply zones: $80, $90, $100 </b></p>
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 <p style="text-align: justify;"><b> Key demand zones: $60, $50, $40</b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-solana">What is the next move for Solana?</h2>
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 <p style="text-align: justify;">The next move for Solana is unknown as the price is trapped between the moving average lines. On the 4-hour chart, the price of the altcoin is hovering between $86 and $103. Currently, the altcoin is retesting the current support as the bears are trying to resume the selling pressure.</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(4-Hour Chart) – Jan. 20.24.jpg" src="https://cdn.thebittimes.com/images/2024/01/22/2bafeb3efa63c9975fed659cd24a3c19.webp" height="491" title="SOLUSD_(4-Hour Chart) – Jan. 20.24.jpg"><br></p>
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 <p style="text-align: justify;"><i><span style="color: #a0a0a0;">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-falls-slightly-as-the-bears-retest-the-90-low-tbt77332.html">https://thebittimes.com/solana-falls-slightly-as-the-bears-retest-the-90-low-tbt77332.html</a></p>

Solana Falls Slightly As The Bears Retest The $90 Low

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