Lokesh Gupta
01-02-2024
Solana price experienced a 12% valuation loss after being rejected at $107.
SOL daily chart reveals a Long Upper Shadow, indicating a bearish trend and trading below the psychological level.
Following a brief period in a rising channel pattern, Solana token demonstrates a bearish trend reversal, highlighting bearish strength.
The Solana daily chart shows the price trading below the 50 Day MA.
The MACD exhibits a rising negative histogram, signifying a robust bearish influence.
If the $92 level is not sustained, it could lead to a potential price test at $86.
Maintaining the $92 level could trigger a potential rebound, with a target range of $98-$108.
According to Coingabbar's analysis, Solana price prediction 2030 is still around $300, while Solana price prediction 2040 prediction a minimum of $500.
KEY LEVELS :
RESISTANCE LEVEL : $97-$100
SUPPORT LEVEL : $91-$87
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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