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Home Dogecoins

Solana is Predicted to Drop to $14.87 By Nov 16, 2022

btclive365 by btclive365
November 11, 2022
in Dogecoins
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Solana is Predicted to Drop to $ 14.87 By Nov 16, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Solana is up 43.99% today against the US Dollar
  • SOL/BTC increased by 33.78% today
  • SOL/ETH increased by 28.08% today
  • Solana is currently trading 14.82% above our prediction on Nov 16, 2022
  • Solana dropped -44.81% in the last month and is down -92.64% since 1 year ago
Solana price $ 17.07
Solana prediction $ 14.87 (-12.91%)
Sentiment Bearish
Fear & Greed index 25 (Extreme Fear)
Key support levels $ 13.41, $ 9.20, $ 6.61
Key resistance levels $ 20.21, $ 22.81, $ 27.02

SOL price is expected to drop by -12.91% in the next 5 days according to our Solana price prediction

is trading at $ 17.07 after gaining 43.99% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 11.87% in the same time period. SOL performed well against BTC today and recorded a 33.78% gain against the world’s largest cryptocurrency.

According to our Solana price prediction, SOL is expected to reach a price of $ 14.87 by Nov 16, 2022. This would represent a -12.91% price decrease for SOL in the next 5 days.

SOL Price Prediction Chart

Buy/Sell Solana

What has been going on with Solana in the last 30 days

Solana has been displaying a negative trend recently, as the coin lost -44.81% in the last 30-days. The medium-term trend for Solana has been bearish, with SOL dropping by -62.75% in the last 3 months. The long-term picture for Solana has been negative, as SOL is currently displaying a -92.64% 1-year price change. On this day last year, SOL was trading at $ 231.92.

Solana reached its all-time high price on Nov 06, 2021, when the price of SOL peaked at $ 259.52. The current SOL cycle high is $ 18.60, while the cycle low is at $ 10.57. SOL has been displaying high volatility recently – the 1-month volatility of the coin is at 13.74. Solana recorded 14 green days in the last 30 days.

Solana technical analysis for today – Nov 11, 2022

The sentiment in the Solana markets is currently Bearish, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 13.41, $ 9.20 and $ 6.61, while $ 20.21, $ 22.81 and $ 27.02 are the key resistance levels.

Bearish sentiment for Solana

4 indicators are currently signaling a bullish prediction for Solana, while 27 indicators are showing a bearish forecast. With 87% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Solana.

Crypto market is currently experiencing Extreme Fear

Currently, the Fear & Greed index is at 25 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Solana moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Solana is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 17.95 (SELL) $ 17.62 (SELL) – –
MA5 $ 23.24 (SELL) $ 18.83 (SELL) – –
MA10 $ 28.06 (SELL) $ 24.41 (SELL) – –
MA21 $ 29.41 (SELL) $ 27.98 (SELL) $ 34.55 (SELL) $ 36.79 (SELL)
MA50 $ 30.93 (SELL) $ 30.40 (SELL) $ 76.61 (SELL) $ 58.02 (SELL)
MA100 $ 33.45 (SELL) $ 34.12 (SELL) $ 71.28 (SELL) $ 63.89 (SELL)
MA200 $ 40.60 (SELL) $ 46.53 (SELL) – –
Period Value Action
RSI (14) 33.23 BUY
Stoch RSI (14) 0.00 BUY
Stochastic Fast (14) 6.24 BUY
Commodity Channel Index (20) -66.67 NEUTRAL
Average Directional Index (14) 19.48 NEUTRAL
Awesome Oscillator (5, 34) -1.73 SELL
Momentum (10) -20.59 NEUTRAL
MACD (12, 26) -1.50 NEUTRAL
Williams Percent Range (14) -93.76 BUY
Ultimate Oscillator (7, 14, 28) 31.29 NEUTRAL
VWMA (10) 24.90 SELL
Hull Moving Average (9) 24.03 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 24.54 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Solana is at 33.23, suggesting that SOL is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Solana over the last 50 days. Currently, Solana is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the SOL closing price for the last 200 days. SOL is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Solana prediction

After considering the above factors, we can conclude that the current forecast for Solana price prediction is Bearish. SOL would have to decrease by -12.91% to hit our $ 14.87 target within the next five days. Moving forward, it will be important to monitor the SOL market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Solana price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.



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