- Solana price prediction suggests that the token is trying to surge back after gaining support at $10.00 over the daily chart.
- SOL crypto is currently trading below 20, 50, 100 and 200-days Daily Moving Average.
- The pair of SOL/BTC is at 0.0007906 BTC with an intraday gain of 9.53%.
Solana price precision suggests that the token is trying to rebound after gaining support at $10.00 and is trying to surge back towards the upper level. However, bears may strike to short the market for SOL crypto during the intraday trading session. Meanwhile, bulls are pushing their limits to recover the SOL token from the lower level. SOL investors need to wait until the price action takes a significant rebound after gaining support from the current level. SOL crypto has been a good investment for all cryptocurrency investors till date and is trying to prove itself once again as it grows after each dump over the daily price chart.
Solana price is currently estimated at $13.12 and has gained 15.10% of its market capitalization in the last 24-hour period. Trading volume has increased by 68% during the intraday trading session. This indicates that the token is trying to surge back towards the upper level as it has already started its recovery phase over the daily price chart.
SOL coin price is trying for a rebound after gaining support above $10.00 over the daily price chart. The token needs to maintain the accumulation rate of bulls in order to accomplish the recovery phase over the daily chart. Meanwhile, volume change can be seen below average and needs to grow for SOL crypto to maintain its recovery phase. However, SOL crypto is still below 20, 50, 100 and 200-days Daily Moving Average.
Is Solana Still a Worthy Investment?
Solana price prediction suggests the token’s rebound phase as it is growing over the daily price chart. Technical indicators suggest the uptrend momentum of Solana price. SOL crypto needs to strictly follow this recovery phase to recover significantly over the daily price chart.
Relative Strength Index showcases the uptrend momentum of SOL crypto. RSI is at 31 and is heading towards neutrality. MACD exhibits the uptrend momentum of SOL coin. The MACD line is about to cross the signal line upwards, registering a positive crossover.
Conclusion
Solana price precision suggests that the token is trying to rebound after gaining support at $10.00 and is trying to surge back towards the upper level. However, bears may strike to short the market for SOL crypto during the intraday trading session. Meanwhile, bulls are pushing their limits to recover the SOL token from the lower level. SOL investors need to wait until the price action takes a significant rebound after gaining support from the current level. Meanwhile, volume change can be seen below average and needs to grow for SOL crypto to maintain its recovery phase. SOL crypto needs to strictly follow this recovery phase to recover significantly over the daily price chart. The MACD line is about to cross the signal line upwards, registering a positive crossover.
Technical Levels
Support Level: $11.00 and $10.00
Resistance Level $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/2022/11/23/solana-price-prediction-will-sol-be-able-to-resist-this-massive-price-drop/