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#SOL/USDT 1DAY UPDATE !Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Solana (SOL) 1DAY UPDATE:- The most recent rejection at the $38 resistance has pushed Solana’s price into a downtrend which lost 3% of its valuation in the past seven days. Now, SOL is found at critical support with the price hovering just above $30. Buyers will have to do all that they can to protect the key support, because otherwise, Solana will enter a very dangerous area that could lead the price towards a significant drop. In August and September, buyers were successful to defend the $30 support, but the current market does not favor them. The indicators do not give any clear hits on where Solana could go next and are rather neutral. This shows market participants are hesitating. Usually, this type of price action precedes a major move one way or the other. Therefore, best to be prepared for that. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
5
SOLUSDT ! Broke rising wedge pattern, looking very bearishHello traders 👋 On Aug 18, downtrend line broke rising wedge pattern. Therefore, it is more than likely downtrend line will continue. It confirms my trading analysis that I did on aug 9. After rising wedge pattern tests resistance line, it formed strong downward price movement. The sellers were waiting for the pattern to break the support line and they ordered sell orders which executed once orders had been confirmed. There were a lot of sell orders. As rise of DXY, it might not have a good impact on crypto market. Also to confirm there is a downtrend, 50 and 200 EMA curving downward.
Short
by YertuntsTrader
Solana (SOL) Price Prediction 2022Solana (SOL) holds the 9th position on CoinGecko right now. SOL price prediction 2022 is explained below with a daily time frame. The above chart of Solana (SOL) laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern. Currently, Solana (SOL) is at $42.18. If the pattern continues, the price of SOL might reach the resistance level of $57.06. If the trend reverses, then the price of SOL may fall to $35.70 Solana (SOL) Support and Resistance Levels The chart below shows the support and resistance levels of Solana (SOL). From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Solana (SOL). Resistance Level 1 – $46.80 Resistance Level 2 – $66.92 Resistance Level 3 – $108.62 Resistance Level 4 – $144.42 Resistance Level 5 – $208.50 Support Level – $28.56 The charts show that SOL has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $208.50. Accordingly, if the investors turn against the crypto, the price of the SOL might plummet to almost $28.56, a bearish signal. Happy Trading !!
Long
by TheNewsCrypto
1