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Solana (SOL) Price Analysis for November 12

Altszn.com by Altszn.com
November 13, 2023
in Solana
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Solana (SOL) Price Analysis for November 12
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Solana (SOL) Price Analysis for November 12
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The market is facing a correction at the end of the week, according to CoinStats.

SOL chart by CoinStats

SOL/USD

Solana’s (SOL) rate has rocketed by more than 40% over the last week.

Image by TradingView

On the hourly chart, the rate of SOL is located close to the resistance, which means that buyers are more powerful than sellers to a certain extent. If the situation does not change by the end of the day, the growth may continue to $64.

Image by TradingView

On the bigger time frame, the price is located within yesterday’s candle, which means that the rate of SOL might need time to accumulate energy for a further move.

In this regard, consolidation in the range of $55-$60 is the more likely scenario for next week.

Image by TradingView

On the weekly chart, the rate of SOL is about to close in the bullish zone. At the moment, there are no bearish signals yet. If the bar closes near the $60 zone, the rise may lead to a test of the $70 zone soon.

SOL is trading at $59.16 at press time.

About the author


article image

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.



Read More: u.today

Tags: AnalysisNovemberPriceSOLSolana
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    • ethereum-classicEthereum Classic (ETC) $ 20.24
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    • susdssUSDS (SUSDS) $ 1.05
    • crypto-com-chainCronos (CRO) $ 0.102941
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • official-trumpOfficial Trump (TRUMP) $ 14.30
    • bitcoinBitcoin (BTC) $ 104,152.00
    • ethereumEthereum (ETH) $ 2,543.39
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.41
    • bnbBNB (BNB) $ 665.66
    • solanaSolana (SOL) $ 177.23
    • usd-coinUSDC (USDC) $ 0.999952
    • dogecoinDogecoin (DOGE) $ 0.241184
    • cardanoCardano (ADA) $ 0.819238
    • tronTRON (TRX) $ 0.267367
    • staked-etherLido Staked Ether (STETH) $ 2,540.30
    • suiSui (SUI) $ 4.03
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,201.00
    • chainlinkChainlink (LINK) $ 17.00
    • avalanche-2Avalanche (AVAX) $ 25.39
    • wrapped-stethWrapped stETH (WSTETH) $ 3,050.58
    • stellarStellar (XLM) $ 0.314400
    • shiba-inuShiba Inu (SHIB) $ 0.000017
    • hedera-hashgraphHedera (HBAR) $ 0.214062
    • the-open-networkToncoin (TON) $ 3.49
    • hyperliquidHyperliquid (HYPE) $ 25.24
    • bitcoin-cashBitcoin Cash (BCH) $ 418.13
    • usdsUSDS (USDS) $ 0.999914
    • litecoinLitecoin (LTC) $ 104.13
    • polkadotPolkadot (DOT) $ 5.19
    • leo-tokenLEO Token (LEO) $ 8.31
    • wethWETH (WETH) $ 2,541.79
    • pi-networkPi Network (PI) $ 0.949239
    • moneroMonero (XMR) $ 323.72
    • wrapped-eethWrapped eETH (WEETH) $ 2,711.17
    • bitget-tokenBitget Token (BGB) $ 5.05
    • pepePepe (PEPE) $ 0.000013
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,157.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • uniswapUniswap (UNI) $ 7.28
    • whitebitWhiteBIT Coin (WBT) $ 30.19
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    • nearNEAR Protocol (NEAR) $ 3.30
    • aptosAptos (APT) $ 6.11
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    • aaveAave (AAVE) $ 224.10
    • ondo-financeOndo (ONDO) $ 1.06
    • okbOKB (OKB) $ 55.39
    • ethereum-classicEthereum Classic (ETC) $ 20.24
    • internet-computerInternet Computer (ICP) $ 5.77
    • susdssUSDS (SUSDS) $ 1.05
    • crypto-com-chainCronos (CRO) $ 0.102941
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • official-trumpOfficial Trump (TRUMP) $ 14.30