The Cryptocurrency market has been embarrassed this week. This reduces the level of immediate support trend. Through this, SOL Price could not regain $ 200.
Considering the current market statistics, is this a good time to invest in Solana tokens? In this article, we found a short -term Solana (SOL) price analysis!
SOL Price just before the main failure?
The price of Solana decreases by 1% in 24 hours, with a trading volume of $ 430.1 billion. It also slipped 17.92%in the last seven days and 2%in 30 days. The YTD return was -1.29%, ranking 05th with a market cap of $ 93.201 billion.
The simple moving average (SMA) constantly acts as a resistance to the SOL coin price chart. This emphasizes the increase in the weakness of Altcoin in the encryption space.
RSI indicators, on the other hand, have a positive curve on the daily price chart. However, the average trend line shows negative behavior, suggesting an increase in pressure to increase sales sales.
Will Solana recover?
If Bulls restores momentum, Solana prices can resume immediate $ 200. If you keep the price exceeding this level, this Altcoin may be set to the higher resistance level of $ 210 in the future.
On the contrary, the continuous weakness of the Solana token may have plummeted to an important support level of $ 181.50. In addition, if the weakness is strengthened, this ALTCOIN value can be raised to the lowest multiple moon.
Are you curious to explore the long -term prospects of SOL tokens? Read the latest Solana price forecast to reveal the mystery as possible!
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FAQ
This Altcoin requires excessive surge to achieve a $ 1000 price goal. 500%.
If the strong sentiment is maintained, this altcoin can reach the maximum trading value. $ 400 this year.
At the time of writing, the value of one sole encryption token $ 193.44.