Solana Price Analysis & Prediction (Nov 30th) – SOL Maintains Sideways Movement Amid Low Volatility

2022-12-1 07:55

Since Solana crashed to a six-month low, the price struggled to reclaim lost levels, but it failed as volatility continued to drop by the day. The trade cooled off after subjecting the market to a sideways movement.

Solana has failed to bounce back after the price collapsed to $11 this month. The price increased to around $15.1 during this week’s trading following a roughly 30% recovery in three days. It maintained a sideway movement for a while before slipping to a current trading price of $13.37.

It had gained 1% of its value over the past 24 hours. But as of now, it appears the bears are slowly stepping back into the market. The bearish footprints are well captured on the lower time frame since yesterday.

The daily price actions suggest a lack of trading activity in the market as Solana decides on the next direction. If the crypto roll over again like what we experienced earlier this month, the price could bottom at around $5 this time before it picks up.

It would need to climb above the $16 level to validate a correction before initiating a buy. A strong correction above the $20 mark could produce a nice retest at the recent break level of $25 before it resumes bearish.

Solana Price Analysis (SOLUSDT) – Daily Chart Source: Tradingview

While Solana remains in a neutral-bearish trend, $15.1 and $16 are key levels for the bulls to overcome. If they succeed, the next resistance level to watch is $18.8. The following resistance to keep in mind is $23.3.

Should the price continue to decrease in the coming week, the $11 support remains important for the bears. If the price breaks lower, a dump could come into play. The support level to look out for in this scenario is $8. It is then followed by $5, which could be the bottom of the long bearish cycle.

Key Resistance Levels: $16, $18.8, $23.3

Key Support Levels: $11, $8, $5

Spot Price: $13.4 Trend: Bearish Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: kviztln/123RF // Image Effects by Colorcinch

The post Solana Price Analysis & Prediction (Nov 30th) – SOL Maintains Sideways Movement Amid Low Volatility appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Solana (SOL) на Currencies.ru

$ 167.82 (+0.25%)
Объем 24H $2.734b
Изменеия 24h: -0.29 %, 7d: -2.62 %
Cегодня L: $163.73 - H: $170.39
Капитализация $77.134b Rank 5
Цена в час новости $ 13.57 (1136.7%)

movement volatility price solana sideways low market

Источник: nulltx.com

movement volatility → Результатов: 101


Фото:

Bitcoin is Getting “Squeezed” Between 2 Critical Levels; Volatility Imminent

Bitcoin’s price action has been rather lackluster ever since it saw its sharp decline to lows of nearly $28,000 just a few days ago The selling pressure that sent it down to these lows has since subsided, but bulls have been struggling to extend the momentum that first sparked this movement Where the entire market trends in the mid-term may depend largely, if not entirely, on whether Bitcoin can sustain the rebound seen in the […]

2021-1-25 21:00


Why Analysts Expect Ethereum to See Further Downside Following Intense Selloff

Ethereum witnessed some intense overnight volatility that caused its price to slide as low as $300 This intense selling pressure came about in tandem with that witnessed by Bitcoin – which caused its price to slide down to lows of $11,000 Analysts are now noting that ETH may be positioned to see further downside due to the strength of this movement Although it has found some support and stability within the mid-$300 region, weakness against […]

2020-8-3 22:00


Фото:

Analyst: Bitcoin Likely to See a “Monster Breakout” in the Next 3 Days

Bitcoin’s historically low volatility coupled with limited liquidity and trading volume are creating the perfect storm for it to post a massive movement Multiple technical indicators are confirming that this sideways trading is likely to end in the near-term, including the crypto’s Bollinger Bands, which are currently the tightest they have been since November of 2018 One analyst is now noting that he anticipates Bitcoin to see a “monster breakout” in the next three days […]

2020-7-21 02:00


As Bitcoin’s Volatility Hits Historic Lows, Traders are Eyeing a Move to $13,000

All of Bitcoin’s recent volatility has occurred within a relatively tight trading range between $9,000 and $10,000. There have been a few occasions in which the cryptocurrency has broken above or below these range boundaries, but each time has been short-lived and followed by a swift movement back into the range. This range was first […]

2020-7-11 00:00


Фото:

This Crucial Bitcoin Support Could Propel BTC as High as $11,500

Bitcoin has stabilized following yesterday’s slight volatility, which allowed it to climb as high as $9,450 before hitting some notable resistance Bitcoin has now broken out of the tight trading range that it was previously caught within Analysts do believe that it is laying the groundwork to make a notable upside movement in the days ahead According to one well-respected options trader, this movement could send it as high as $11,500 due to the strength […]

2020-7-9 21:00


Фото:

Bitcoin’s Volume is at the “End of the Line” Signaling Volatility is Imminent

Bitcoin’s range-bound trading is showing no signs of letting up as the crypto continues trading sideways within the lower-$9,000 region It does appear to be laying the groundwork to make a massive movement Data suggests that this movement could be imminent in the days ahead, potentially setting the tone for which direction it trends next There are a few other factors that are likely to influence its near-term price action as well One analyst notes […]

2020-7-4 21:00


Фото:

Why Tomorrow’s $1B Bitcoin Options Expiry May Not Trigger Any Volatility

Tomorrow, $1 billion worth of monthly and quarterly Bitcoin options will be expiring This will be the largest options expiry that BTC has ever seen Some analysts believe that the event will spark some massive volatility That being said, the sharp downwards movement seen yesterday evening may have actually been the movement that was widely expected by traders One analyst believes that this signals that the benchmark cryptocurrency is poised to see even further sideways […]

2020-6-25 21:00


Фото:

Bitcoin’s Consolidation is Likely to Lead it to $9,200 Next; Here’s Why

Bitcoin has continued consolidating following a bout of intense volatility yesterday that sent it into the $10,000 region This movement was short-lived, and the tap of this resistance level was once again followed by a firm rejection Analysts are now noting that the cryptocurrency is growing weaker as it continues trading beneath its resistance This could open the gates for BTC to post some notable losses in the days and weeks ahead, with one analyst […]

2020-6-12 21:00


Фото:

Bitcoin Money Flow and Futures Volume Signals Intense Volatility is Imminent

Bitcoin’s futures market is seeing surging aggregated open interest as the crypto finds itself caught within a bout of lackluster trading This coincides with the crypto seeing a decline in money flow The confluence of these factors suggests that BTC is gearing up for a big movement Bitcoin’s price action seen in recent times hasn’t been too exciting.

2020-4-22 02:00


Фото:

Bitcoin’s Implied Volatility Craters as Traders Eye Technical Weakness

Bitcoin’s implied volatility has been caught within a consistent downtrend throughout the past several weeks This comes as global instability mounts and as BTC’s mining rewards halving fast approaches Following the massive volatility seen in mid-March when the cryptocurrency declined from roughly $8,000 to lows of $3,800 in an unprecedented movement, Bitcoin’s implied volatility has been consistently declining.

2020-4-21 02:00


дальше еще 52 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Notcoin rises over 58% as community backs project in X poll

Notcoin (NOT) has experienced a significant surge, climbing by over 58% in the past 24 hours to reach $0.009165. The latest rise has boosted Notcoin’s market cap to over $941 million, reflecting a 55.72% rise and placing it at number…

Solana: A volatile 2 weeks puts SOL's $200 milestone in question

SOL maintained its trend above its 50 MA. Derivative metrics flashed positive signals. Over the past 14 days, Solana's [SOL] price has experienced significant fluctuations. One week, it appeThe post Solana: A volatile 2 weeks puts SOL's $200 milestone in question appeared first on AMBCrypto.