Saturday, June 28, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

SOL Price (Solana) Close Below $50 Could Spark Larger Degree Correction

November 27, 2023
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Solana rallied above the $65 resistance towards the US Greenback. SOL value is now correcting positive aspects and would possibly even slide beneath the $50 assist.

SOL value began a serious rally above the $60 resistance earlier than the bears appeared towards the US Greenback.
The value is now buying and selling beneath $60 and the 100 easy shifting common (4 hours).
There was a break beneath a short-term rising channel with assist close to $58.00 on the 4-hour chart of the SOL/USD pair (information supply from Kraken).
The pair might speed up decrease beneath the $55.00 assist zone within the coming classes.

Solana Value Begins Draw back Correction

Up to now few days, Solana noticed a serious rally above the $60 stage. SOL gained bullish momentum after it settled above $60, outperforming Bitcoin and Ethereum.

The bulls even pumped the worth above the $65 stage. A excessive was shaped close to $68.16 and the worth lately noticed a draw back correction. It traded beneath $60 and examined $52. A low was shaped close to $51.23 and the worth is now consolidating in a variety.

There was a break beneath a short-term rising channel with assist close to $58.00 on the 4-hour chart of the SOL/USD pair. SOL is now buying and selling beneath $60 and the 100 easy shifting common (4 hours).

On the upside, instant resistance is close to the $59.50 stage. It’s near the 50% Fib retracement stage of the downward transfer from the $68.16 swing excessive to the $51.23 low. The primary main resistance is close to the $60.00 stage.

Supply: SOLUSD on TradingView.com

The principle resistance is now close to $62 or the 61.8% Fib retracement stage of the downward transfer from the $68.16 swing excessive to the $51.23 low. A profitable shut above the $62.00 resistance might set the tempo for a bigger enhance. The following key resistance is close to $68.50. Any extra positive aspects would possibly ship the worth towards the $72.00 stage.

Extra Losses in SOL?

If SOL fails to get well above the $60.00 resistance, it might proceed to maneuver down. Preliminary assist on the draw back is close to the $55.00 stage.

The primary main assist is close to the $51.20 stage, beneath which the worth might check $50. If there’s a shut beneath the $50 assist, the worth might decline towards the $45 assist within the close to time period.

Technical Indicators

4-Hours MACD – The MACD for SOL/USD is shedding tempo within the bullish zone.

4-Hours RSI (Relative Energy Index) – The RSI for SOL/USD is beneath the 50 stage.

Main Help Ranges – $55.00, and $51.20.

Main Resistance Ranges – $60.00, $62.00, and $68.50.



Source link

Tags: CloseCorrectionDegreeLargerPriceSOLSolanaSpark
Previous Post

Bitcoin Price Faces Rejection and Now At Risk of Downside Extension

Next Post

How Many Blockchains Are There, and What Are the Different Types?

Related Posts

Fartcoin remains bearish despite hitting $1; Check forecast
Analysis

Fartcoin remains bearish despite hitting $1; Check forecast

June 27, 2025
Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be?
Analysis

Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be?

June 27, 2025
Cardano (ADA) Bears Active — Token at Risk of Another Leg Down
Analysis

Cardano (ADA) Bears Active — Token at Risk of Another Leg Down

June 28, 2025
XRP Gears Up For Major Move — Chart Signals Are Clear
Analysis

XRP Gears Up For Major Move — Chart Signals Are Clear

June 26, 2025
KAS price slumps 4%: can it bounce back?
Analysis

KAS price slumps 4%: can it bounce back?

June 27, 2025
Dogecoin (DOGE) Eyes Upside, Yet $0.20 Remains Out of Reach for Now
Analysis

Dogecoin (DOGE) Eyes Upside, Yet $0.20 Remains Out of Reach for Now

June 26, 2025
Next Post
How Many Blockchains Are There, and What Are the Different Types?

How Many Blockchains Are There, and What Are the Different Types?

Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud

Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud

Swedish House Mafia Announce Roblox Concert

Swedish House Mafia Announce Roblox Concert

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In