Solana is in an uptrend, targets $320 high
SOL/USD retraces on the downside, may find support above $244
Solana (SOL) Current Statistics
The current price: $246.81
Market Capitalization: $125,052,674,773
Trading Volume: $2,967,592,151
Major supply zones: $280, $300, $320
Major demand zones: $160, $140, $120
Solana (SOL) Price Analysis November 9, 2021
Solana’s (SOL) price has been in an upward move. On October 25, the uptrend was hindered as the altcoin dropped to $179 as bulls bought the dips. Buyers initiated a fresh uptrend as price broke the resistance at $200. Solana is trading at $246 at the time of writing. Meanwhile, on October 22 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Solana will rise to level 2.618 Fibonacci extension or $330.71.
Solana (SOL) Technical Indicators Reading
Solana is at level 67 of the Relative Strength index period 14.SOL/USD is in the uptrend zone and capable of a further upward move. Solana is above the 30% range of the daily stochastic. The market is in a bullish momentum.
Conclusion
On the 1-hour chart, Solana has been in a downward move. The cryptocurrency has reached bearish exhaustion. The altcoin is currently fluctuating above $244 support. Meanwhile, on November 7 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Solana will fall to level 2.0 Fibonacci extensions or $244.08.
You can purchase crypto coins here. Buy Tokens
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.