Solana Price Prediction – September 28
At a closure technical viewing window, the Solana market operation retraces at $35 while mostly trying to surge upward for a recovery. Price has featured between $30.20 and $35.24 value lines in the last thirty days. Presently, the market maintains a negative percentage rate of 1.74.
Solana (SOL) Statistics:
SOL price now – $32.23
SOL market cap – $11.5 billion
SOL circulating supply – 354.9 million
SOL total supply – 511.6 million
Coinmarketcap ranking – #9
SOL/USD Market
Key Levels:
Resistance levels: $40, $45, $50
Support levels: $25, $20, $15
SOL/USD – Daily Chart
The daily chart reveals the SOL/USD market retraces at the $35 trading level, not too far above the trend line of the smaller SMA. The lower range line drew at the $30 point, ascertaining the pivotal line the crypto trade can push to the downside. The 14-day SMA indicator is at $33.28, underneath the $39.89 value line of the 50-day SMA indicator. The Stochastic Oscillators have crossed northbound from the range of 20 to the range points of 64.15 and 70.77.
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Will the SOL/USD market go intensely in its current retracement motion?
The breaking of the SOL/USD price at the $30 lower range line may be the extent the present retracement motion will get more downs as it retraces at the $35. Nevertheless, the trading situation still portends a bearish setting with a less-active move as of the time of writing. Buyers may allow some pull-downs before considering launching a buying order from the lower range trading zone afterward.
On the downside of the technical analysis, the SOL/USD market movers have concentrated capacities around the values of $35 and $30 value lines over time. The current pace of declining weight is still in force, devoid of any sign to suggest a tangible change in the motion. Falling pressures have an advantage of about 70 percent to push back downwardly from below the value line formerly mentioned in this analytics write-up.
SOL/BTC Price Analysis
Solana has been pushing in range-bound zones for a long time, relatively at high-trading spots against the trending valuation of Bitcoin. The pairing currency market retraces at a psychological point within the range zones. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators have slightly crossed southbound against the 80 range line to 73.38 and 66.12 range points. That signifies the base crypto may succumb to declining pressure, as paired with its counter-trading crypto.
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