SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL update from Crypto Sanders.
Chart Analysis:-Solana (SOL) extended its own gains to start the weekend, as the cryptocurrency finally rose above 22.00.
SOL/USD peaked at 22.20 earlier in today’s session, which comes following Friday’s low at the 21.39 level.
Earlier gains have since eased as the day matured, which came after bulls began to close previous positions.
One reason for this can be attributed to the RSI, which collided with a ceiling around the 53.00 region.
the index is tracking at 53.02, with solana trading at 21.92, as momentum begins to shift.
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Solanaliysis
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERSHello friends, welcome to this Sol update from Crypto Sanders.
Chart Analysis:- Solana (SOL) continued to be a big mover to start the month of October, after extending a recent bull run to a sixth straight day.
After hitting a bottom at 22.51 on Sunday, SOL/USD climbed to a high of 24.60 earlier in today’s session.
As a result of this surge, the world’s seventh-largest cryptocurrency hit its strongest point since August 15.
The move sees solana near a key price point of 25.00, with the RSI moving deep into the overbought region in the process.
the index is at the 74.33 position, which is its highest reading since July 17.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) maintained a bull run of its own today, as it too rose higher for a fourth consecutive day.
Following a low of 18.77 on Thursday, SOL/USD edged to a high of 19.26 earlier in today’s session.
The rally saw solana once again break out of a ceiling at 19.20, however like yesterday bulls were unable to maintain this move.
SOL has since edged lower and is now trading at 18.95, with the RSI hovering near a hurdle of its own.
The index is now tracking at 41.98, which is just below the aforementioned resistance level of 42.00.
In order to push towards 20.00, solana bulls need to force a breakout in the coming days.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) returned to the green during today’s session, snapping a two-day losing streak in the process.
After falling to a bottom of 22.52 on Thursday, SOL/USD climbed to a high of 23.13 earlier in today’s session.
Despite today’s rebound in price, Solana is still trading almost 7% lower than at the same point last week.
The rally began after the RSI bounced from a support level at the 45.00 mark, rising to a current reading of 49.04.
Bulls are likely targeting a move back above the 25.00 level, however, they will first need to move beyond an upcoming wall of 50.00 on the indicator.
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SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS
Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) remained in the red as the coin extended its recent decline to a third session.
After hitting a high of 22.74 on Sunday, SOL/USDT fell to a low of 21.01 earlier in the day.
Monday's price drop has sent SOL to its long-term support point of 21.00, resulting in its lowest level since April 26.
The coin has rebounded from the previous lows as the RSI has found its own floor at the 44.00 mark.
As of writing, price strength is tracking at 44.57, with a range of 49.00 a potential target for the bulls.
If momentum picks up, and more bulls re-enter the market, this could lead SOL to climb above 22.00.
This is not a piece of financial advice.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS: Solana (SOL) prices plunged during today’s session, which comes as bears have seemingly recaptured market sentiment.
Following a high of $22.90 on Thursday, SOL/USD moved to an intraday low at $20.20 earlier in the session.
This drop resulted in the token hitting its lowest point since January 19, when Solana last collided with a floor at $20.00.
Since hitting a peak of 87.67 on the 14-day relative strength index ( RSI ) back on January 13, price strength has consistently declined.
As a result of this, the index is now tracking at 44.21, which is its weakest point since January 2 when SOL was under $10.00.
Ultimately, this has its positives, as longer-term bulls may see this as a sign that prices are gradually moving in the right direction.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS: Solana (SOL) started the week close to a two-month high, despite crypto markets starting to consolidate recent gains.
SOL/USD touched a high of $24.75 on Monday, before falling to a low of $22.68 less than a day later.
The move means the coin remains close to this weekend's high of $25.03, which was the strongest point for SOL since November 8th.
From the charts, it appears that sentiment is still somewhat bullish in Solana, which continues to track above support at 80.00 as the 14-day Relative Strength Index (RSI) continues to track.
As of writing, the index is tracking at 80.18, with Solana trading at a $23.42 price point.
If the index stays near 80.00 in the coming days, there is a possibility that SOL may once again move toward $25.00.
This is not a piece of financial advice.
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