SOLANA Price Prediction, Will Bulls Triumph or Stumble

Key Takeaways
  • The ongoing pullback in Solana's coin price has discovered robust support at the $51.4 level.
  • In the last fortnight, the price has experienced two rebounds from this point, indicating persistent accumulation by buyers amidst market downturns—an activity frequently linked with robust market resurgence.
  • Over the past three days, the coin's price has witnessed a notable surge of 11.80%, currently standing at $60.50.
30-11-2023 By: Lokesh Gupta
SOLANA Price Prediction, Will Bulls Triumph or Stumble

SOLANA retracement boosts buyer confidence, fueling uptrend.

  • According to Coingabbar Price Analysis, Solana's price has exhibited a three-week period of sideways trading, oscillating between the $51.4 and $68.00 horizontal levels.

  • Solana price undergoes a revival, marked by a rounding bottom pattern.

  • Recovering robustly, SOL finds support at the lower trendline of a triangle pattern.

  • Having breached the triangle, SOL now trades above it.

  • On the 4-hour chart, a triangle breakout presents a short-term entry, encountering resistance at the $62 supply zone.

  • A bullish rally looms if SOL closes above $62, aiming for $68.00.

KEY LEVELS :

RESISTANCE LEVEL : $62.00-$64.00

SUPPORT LEVEL : $58.00-$56.00

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

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