Solana versus US dollar price has resulted in sideways movement, after a long downtrend. Additionally, signs emanating from technical indicators aren’t portraying much liveliness in this market.
Binance Coin Analysis Statistics Data:
SOL’s value now: $32.95
SOL’s market cap: $11.66 billion
Solana’s moving supply: 354.65 billion
The Total supply of Solana’s: 511.62 billion
SOL’s Coinmarketcap ranking: #9
This market will be further examine the SOL/USD market as well as the SOL/BTC market. We’ll try to try to deduce a good entry-level and some useful trading decisions, which may prove profitable.
Crucial Price Marks:
Resistance Marks: $34.00, $36.34, $40
Support Marks: $32.95, $31.00, $29.30
Bears Restraining Solana’s Upside Move, Tamadoge to Be Listed on OKX
SOL/USD 24-hour chart revealed that Solana may range from $34 – $31. Furthermore, this price level happens to trap the 78.60 fib level in-between. At this point, the MA of the Bollinger indicator on this chart has failed to act as a support, as price action has fallen below it. Consequently, price action may fall to the 78.60 fib level as a support. Should this level hold, price action may move higher from there. Also, MACD lines have crossed below the 0.00 level to indicate a weak upside trend. Additionally, perhaps a significant number of traders have anticipated the Fibonacci level of 78.60 as a potential entry point, therefore price action may gain considerable momentum from there. Eventually, the sideways price channel will be broken to the upside. Else if bears continues to push price action lower, then Solana’s price will fails to find support at this Fib level and may fall $30.00.
Solana Price Speculation: SOL/BTC Witnessing a Moderate Uptrend
Solana appears to be trading in an upward-slopping manner. Furthermore, the price activity has arrived above the MA of the Bollinger indicator, which indicates some significant gain in upward momentum. As a plus, the price may soon retrace to a much anticipated Fib level of 38.20. If the price should eventually find support here buying pressure may mount from here, and the price may move further upwards.
Your capital is at risk.
Additionally, the MACD indicator as well is portraying a moderate upside momentum gain in this market. Revealing more positivity in this market is the crossing over of the MACD curves into the positive side of the indicator. At this point, traders can expect the price to reach 0.001900 soon and possibly higher in the longer term. Therefore the trader can place their stops just below the 38.20 Fibonacci level.
In other altcoin news Tamadoge, a deflationary meme coin and ERC-20 token, will have its initial coin offering (IDO) on OKX. TAMA is set to list at $0.03 on Sept 27th.”
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Capped Supply of 2 Bn, Token Burn
- Presale Raised $19 Million in Under Two Months
- Upcoming ICO on OKX Exchange
