SOL and LINK Price Analysis for November 8

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Most of the coins remain in the green zone; however, there are some exceptions to the rule, according to CoinStats.

SOL/USD

The rate of Solana (SOL) has risen by 1.64% since yesterday.

From the technical point of view, the rate of SOL is trading sideways as the price is in the middle of the channel, between the support of $38.41 and the resistance of $46.90.

As neither bulls nor bears have seized the initiative yet, consolidation in the area of $40-$45 is the more likely scenario for the next few days.

SOL is trading at $42.62 at press time.

LINK/USD

LINK is more of a gainer than SOL, rocketing by 7.22%.

Unlike SOL, the price of LINK keeps rising, setting new local peaks. If today’s bar closes near the $14 mark, the rise may continue to the nearest resistance area of $15. Such a scenario is relevant until mid-November.

LINK is trading at $13.68 at press time.

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.