Analiza prețului Solana: SOL Crypto va putea scăpa de această consolidare riguroasă la minimele din 2021?

  • Solana price has been caught inside the consolidation phase over the daily price chart.
  • SOL crypto is trading below 20, 50, 100 and 200-days Daily Moving Average.
  • Perechea SOL/BTC este la 0.001624 BTC, cu o scădere intraday de 3.47%.

The price of the Solana has been stable inside a range-bound zone since June 8th. This existential crisis led to panic selling on the cryptocurrency market. In spite of the significant volatility of the cryptocurrency, investors are trying to keep onto their own investments. SOL is one of the digital currencies experiencing an existential crisis as it teeters at a record low. During this chaotic period, cryptocurrency investors must be as rock-solid as those with diamond hands. People with diamond hands won’t be as willing to sell their investments.

In terms of market value, the suntrap price is currently CMP at $34.71, down 3.25% from the previous day. However, the trade volume is somewhat higher by 2.34% during intraday trading. This suggests that customers are getting in touch with vendors to withdraw SOL currency. Volume to market cap ratio is 0.09536.

On the daily price chart, the SOL coin’s price is clearly on a downward trend. Due to the continued weak market, the cryptocurrency asset has returned to the consolidation phase close to the 2021 lows. If the SOL coin price is to increase back to the upper price range of the consolidation period, more buyers must enter the market. SOL has been consolidating inside the [price range of $27.00 and $42.00  The volume change, which is presently below average, must increase for SOL currency to cross the daily chart.

What do Technical Indicators suggest about SOL?

On the daily price chart, the price of solana is declining dramatically. In order to move quickly toward the top price range of the consolidation phase, SOL coin has to attract support from buyers. Technical indicators reflect the SOL coin’s downward trend’s momentum.

The SOL coin’s downward movement is depicted by the relative strength index (RSI). At 37, the RSI is on the verge of oversold territory. For the SOL coin, the MACD displays a bearish momentum. After a negative crossover, the MACD line is lower than the signal line. Investors in SOL should monitor the daily chart for any shifts in trend.

Concluzie

The price of the Solana has been stable inside a range-bound zone since June 8th. This existential crisis led to panic selling on the cryptocurrency market. In spite of the significant volatility of the cryptocurrency, investors are trying to keep onto their own investments. SOL is one of the digital currencies experiencing an existential crisis as it teeters at a record low. SOL has been consolidating inside the [price range of $27.00 and $42.00  The volume change, which is presently below average, must increase for SOL currency to cross the daily chart. Technical indicators reflect the SOL coin’s downward trend’s momentum.

After a negative crossover, the MACD line is lower than the signal line. Investors in SOL should monitor the daily chart for any shifts in trend.

Nivele tehnice 

Nivel de suport: 30.00 USD și 27.00 USD

Nivel de rezistență: 40.00 USD și 43.00 USD

Declinare a responsabilităţii 

Părerile și opiniile exprimate de autor sau de orice persoană numită în acest articol sunt doar pentru idei informative și nu stabilesc sfatul financiar, de investiții sau de altă natură. Investiția în sau tranzacționarea activelor cripto implică un risc de pierdere financiară.     

Ultimele postări ale lui Andrew Smith (vezi toate)

Source: https://www.thecoinrepublic.com/2022/08/23/solana-price-analysis-will-sol-crypto-be-able-to-escape-this-rigorous-consolidation-at-2021-lows/