Solana

<div class="coinidol">
 <div class="info">
  <div class="news_info">
   Dec 18, 2023 at 06:43 // Price
  </div>
  <div class="author-box">
   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
  </div>
 </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/b11/900_900_1/7felnzuk4x1b0z1gt2cm80l6sm49cxlk.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Solana (SOL) is still within the positive <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> zone, even though the upward <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> has come to a standstill. <br> </strong></p>
 <h2 style="text-align: justify;" id="solana-price-long-term-forecast-bullish">Solana price long term forecast: bullish</h2>
 <p style="text-align: justify;">On December 8, the current up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> was interrupted at the high of $75. The bullish momentum reached a high of $77 and $79 on December 9 and 15, respectively, but was rejected. The cryptocurrency traded below the recent high last week in anticipation of an up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>. Solana will reach a high of $100 if it breaks the previous high. The 21-day SMA support will continue to support the bullish momentum. The current rise will be halted if the bears break above the 21-day SMA support. The price will then drop to a level above $55.</p>
 <h2 style="text-align: justify;" id="solana-price-indicator-analysis">Solana price indicator analysis</h2>
 <p style="text-align: justify;">Solana's up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> is still intact and the price is hovering above the 21-day SMA. If the 21-day SMA is breached, the current up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> will come to an end. The price bars are above the moving average lines, which are rising upwards. The market is also on the verge of becoming overbought.</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) – DEC.16.jpg" src="https://cdn.thebittimes.com/images/2023/12/18/6e7c0689066562e5cf85cf8d928245d0.webp" height="491" title="SOLUSD_(Daily Chart) – DEC.16, 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 is in an up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>, with prices between $64 and $78. The bulls have retested resistance at $75 in the last 48 hours, but to no avail. The price of the cryptocurrency has retested the two extremes of the range.</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(4-hour Chart) – DEC.16.jpg" src="https://cdn.thebittimes.com/images/2023/12/18/195ef835a41641a144bf264b82e7ca28.webp" height="491" title="SOLUSD_(4-hour Chart) – DEC.16, 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.&nbsp;&nbsp;</span></i></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-s-price-uptrend-stops-at-75-and-threatens-to-sink-tbt74013.html">https://thebittimes.com/solana-s-price-uptrend-stops-at-75-and-threatens-to-sink-tbt74013.html</a></p>

Solana's Price Uptrend Stops At $75 And Threatens To Sink

Inhoudsopgave

TheBitTimes

Andere artikelen gepubliceerd op 18 dec 2023

Bitcoin Price Prediction as VanEck’s CEO Says BTC Will Hit All-Time High Within 12 Months – Time ...

Memeinator Mania: Why American Traders Can’t Get Enough

South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes

Anticipation for the Spot Bitcoin ETF Approvals in the US

Know Top Mobile Apps That Help to Maximize Crytpo Gains

Cryptocurrency Exchange OKX Announces the Listing of a New Altcoin!

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!