您现在的位置是:Solana sees more weakness as bears push for $20. >>正文
Solana sees more weakness as bears push for $20.
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛58922人已围观
简介The weakness in the crypto market over the past week is taking a heavy toll on altcoins. Solana has ...
The weakness in the crypto market over the past week is taking a heavy toll on altcoins. Solana has not been spared. The coin is now in a bear market trend, and sellers could well push it towards $20 in the coming weeks. This will represent a fall of over 50% in less than 7 days. Here are some other notable facts to note:
SOL is trading between weekly support of $24.52 and weekly resistance of $47.43
The coin is currently slightly above support after a 16% plunge in 24 hours
If this support is lost, SOL will revisit $19 before any upward momentum
Data Source: TradingView
Solana price analysis and prediction
As noted above, over the past two weeks, SOL has seen massive volatility. Although there were times when the coin showed some decent bullish signs, its uptrend has often been limited to the $47.43 support. As a result, the altcoin has established a weekly range between support and resistance.
However, after plunging by nearly 16% over the last 24 hours and by a whopping 40% in seven days, SOL is now dangerously close to the $24.52 support than the $47.43 resistance. The downtrend is also quite strong since it is aligned with broader sentiment in the market.
For this reason, we expect weakness to continue, and eventually, SOL will likely lose $24.52. If this happens, a decisive fall toward $19 will be more or less inevitable. This analysis will however become null and void if SOL can push above the $47.43 resistance. We don’t think this will happen.
What next for SOL
Investors are taking a wait-and-see attitude when it comes to crypto. So, for the time being, We are not going to see so much buying activity for SOL and other altcoins.
It would be best to give it a month and see how the price action plays out. But if we remain suppressed below $20 for long, things could get harder for SOL bulls in the near term.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/17941.html
相关文章
Ankr Becomes an RPC Provider to Ethereum L2 Scaling Solution Optimism
Solana sees more weakness as bears push for $20.San Francisco, United States, 15th June, 2022, ChainwireAnkr, one of the world’s fastest-growi...
阅读更多
Australian submariners pass 'Nuke School' with flying colors
Solana sees more weakness as bears push for $20.By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The first...
阅读更多
If you are looking for sports tokens, these might be your best options
Solana sees more weakness as bears push for $20.The English Premier League has filed crypto and NFT trademarks.Interest in sports-related NFTs is hi...
阅读更多
热门文章
- UMA Protocol price up 13% as bulls aim at $18 high on Coinbase Pro trading launch
- If you are looking for sports tokens, these might be your best options
- The synthetic bitcoin market rises by 83% to hold over $700 million on the Ethereum blockchain
- Rocket Lab to launch mysterious space mission – what could it be?
- Ripple’s CTO Revealed Crypto Selloffs He Made In 2012
- NASA awards Space Act Agreement contract for commercial astronaut jetpack
最新文章
Lacoste launches NFT collection as it expands into Web3
DeepMind introduces self
Chains.com Unveils Deep Space Society
Bitcoin realized loss hit a historic $7.3 billion, Glassnode says
NASA Psyche mission lifts off aboard eighth SpaceX Falcon Heavy launch
Anchor Protocol is rallying despite a broader market tumble