Invest at least $250 in D2T to gain lifetime access to our VIP Signals
Get early access to Dash 2 Trade’s Presale. Buy the D2T token now
Existing community of 70,000+ traders
Unlocks access to the leading crypto trading analysis, signals and trading tools
As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more
World class development team backed by Quant developers and VC investors
Key Highlights
Solana revisits its previous low at $30 twice
SOL/USD resumes upward move
Solana ( SOL) Current Statistics
The current price: $31.07
Market Capitalization: $15,884,983,137
Trading Volume: $1,093,485,801
Major supply zones: $50, $70, $90
Major demand zones: $40, $20, $10
Solana (Sol) Price Analysis September 6, 2022
Solana’s (SOL) price is in a downtrend as it revisits and holds above $30 crucial support. Since the August 28 price slump, the cryptocurrency has been in a range bound move between $30 and $33 price levels. On September 6, buyers attempted to push the altcoin above the 21-day line SMA but were repelled. On the upside, if buyers push the altcoin above the 20-day line SMA, the cryptocurrency will rise to the high of $39. However, Solana will face selling pressure at the recent high. On the downside, if the bears break below the current support, the altcoin will decline to the low of $26.
Solana Technical Indicators Reading
Solana is at level 36 of the Relative Strength Index for period 14. The cryptocurrency is in the downtrend zone and may further decline. The crypto’s price bars are below the moving average lines which indicates further decline. The altcoin is below the 40% range of the daily stochastic. Solana is in a bearish momentum.
Conclusion
Solana has been in a sideways move since August 28. Today, the altcoin is rising after retesting the $30 support. On a weekly chart, a retraced candle body tested the 78.6 % Fibonacci retracement on March 28. The retracement suggests that Solana will fall to level 1.272 Fibonacci extension or level $30.38. From the price action, Solana has retested 1.272 Fibonacci extension twice and resumed upward .
You can purchase crypto coins here. Buy LBLOCK
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
