Solana (SOL/USD) Market Rises, Striving Beneath a Fall-Off Setting
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Solana Price Prediction – September 14
A touch of a support point of around $17 has been secured in the transaction deals between Solana and the American coin, as headlined, as the crypto-economic trade rises, striving beneath a fall-off setting of $21 or thereabout.
If bulls try to relax on the current rising capacity pace, selling activities in the market may return around the psychological level of $20. With the market currently trading between the high and low lines of $19.34 and $18.40, buyers are pushing at a positive percentage rate of 3.10. The trading operations’ prognosis doesn’t seem to be pointing toward consistent swing highs any time soon.
SOL/USD Market
Key Levels:.
Resistance levels:$21, $23, $25
Support levels: $16, $14, $12
SOL/USD – Daily Chart
The SOL/USD daily chart showcases that the crypto market rises from around the line of $17, striving beneath a fall-off setting.
The 14-day SMA indicator has briefly intercepted the 50-day SMA indicator to the downside, positioning at values of $20.01 and $21.14. The lower horizontal line, drawn at $16, showcases the critical line around the point against any possible further sales operation. The stochastic oscillators have turned northbound from 25.52 to 50.86.
What area of trade is poised for retardation against the current rising motion in the SOL/USD trade?
The major retardation trade line against the present increasing movement is set at $20 as the SOL/USD market raises, striving beneath a fall-off setting.
For reliable points over the resistance of $21, buyers must maintain the current upward shifting mode with greater intensity. The main trading barrier is positioned around $24, just slightly above the established bearish trend line.
On the downside of the bearish technical trading of the SOL/USD market, short-position movers are to exercise caution toward getting a round of selling borne out of the positioning of the SMAs in the south direction. If bears push away from the moving average indicator’s pivot points, they will even reach maximum values or smaller values.
SOL/BTC Price Analysis
In contrast, the Solana market rises against the position of Bitcoin, striving beneath a fall-off setting.
There has now been an interception of a downward trend between the indicators as the 14-day SMA stays below the 50-day SMA. The stochastic oscillators are moving in the oversold area, positioning northward between 7.75 and 18.08. The fundamental crypto economy doesn’t seem to be moving as quickly as the counter-crypto commercial operations. In order to generate returns later on, one must adopt the mentality of developing long-term investing principles for trade application.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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