- Solana price prediction suggests the consolidation phase of SOL crypto in between the distribution and accumulation phase.
- SOL crypto has slipped below 20, 50, 100 and 200-days Daily Moving Average.
- The pair of SOL/BTC is at 0.0008026 BTC with an intraday drop of 1.30%.
Solana price prediction suggests the sideways momentum of SOL cryptocurrency near the accumulation phase of the consolidation phase. Investors in SOL token need to wait until buyers accumulate and provide a kickstart for SOL token to surge towards the upper price range that is the distribution phase. Solana ecosystem’s SOL crypto has been a valuable investment for cryptocurrency investors round the globe. SOL traders need to wait and showcase their faith in their asset to let the token surge for its recovery phase.
Solana price is currently estimated at $13.53 and has lost 0.18% of its market capitalization in the last 24-hour period. Trading volume has dropped by 4.72% during the intraday trading session. This demonstrates that sellers are approaching for a pullback.
Solana price prediction suggests the sideways momentum of SOL crypto over the daily price chart. Volume change can be seen below average and needs to grow for SOL to surge towards the upper price range of the consolidation phase.
Meanwhile, SOL crypto has slipped below 20, 50, 100 and 200-days Daily Moving Average. Investors in Solana need to figure out the recovery phase of the token.
Will Solana Price Surge back towards the Distribution Phase?
Technical indicators suggest the sideways momentum of SOL cryptocurrency. Relative Strength Index showcases the consolidation phase of SOL token. RSI is at 39 and is flat below neutrality. MACD exhibits the sideways momentum of SOL tokens. The MACD line is parallel to the signal line indicating the sideways momentum. SOL investors need to wait for any directional change over the daily price chart.
Conclusion
Solana price prediction suggests the sideways momentum of SOL cryptocurrency near the accumulation phase of the consolidation phase. Investors in SOL token need to wait until buyers accumulate and provide a kickstart for SOL token to surge towards the upper price range that is the distribution phase. Meanwhile, SOL crypto has slipped below 20, 50, 100 and 200-days Daily Moving Average. Investors in Solana need to figure out the recovery phase of the token. The MACD line is parallel to the signal line indicating the sideways momentum.
Technical Levels
Support Levels: $10.98 and $10.50
Resistance Levels: $15.00 and $20.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/12/08/solana-price-prediction-this-phase-of-sol-crypto-requires-your-attention-know-whereabouts/