Solana Price Prediction Today, December 5, 2022: SOL/USD Looks too Tired

Solana price movements appear to lack significant buying activity. This could be perceived as SOL/USD price action looks more bearish than  bullish. Consequently, price action has stayed almost flat and sideways.

Solana Analysis Statistics Data:
SOL value now: $13.45
SOL market cap: $4.91billion
Solana moving supply: 363.84 million
Solana Total Supply: 535.19 million
SOL Coinmarketcap ranking: #14

Key price Levels:
Resistance: $13.75, $13.95, $14.25
Support: $13.45, $13.20, $13.00

Solana Price Prediction Today December 5, 2022: SOL/USD Stays Flat

On the daily chart for SOL/USD price activities is short of volatility. Looking at the recent price candle they appear flat, even the latest one here is a dash price candle. Also, the current price of this crypto is below the middle moving average curve. The lines of the RSI are already in the overbought area of the indicator, even when price action hasn’t moved significantly. Consequently, this reveals that Solana’s price is most likely not going to present much profit, for now, subsequently the price of this crypto may stay around the $15 mark. Nevertheless, it is important to note that Bollinger has contracted in recent times. The activities of Bollinger seem to be indicating a significant upcoming price move.

Solana Price Prediction Today December 5, 2022: SOL/BTC Also Lacks Billish Momentum

Price activities SOL/BTC market also isn’t presenting many favorable movements. Also, examining the trading indicators, we can see that nothing significant may pop up for now. The last price candle here, although bullish, stays under the MA line. However, the RSI lines can be seen moving closer to each other, in what seems like an attempt to perform a crossover. Also, the Bollinger band can be seen contracting of late, and this portrays a coming considerable price move. Nevertheless, things can only be said to be developing, for now, there is a need for traders to exercise patience. Traders will have to wait for the price candle to cross above the MA line if they’ll choose to make bullish decisions. Then SOL/BTC price may rise towards the 0.0009000 level.

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