Solana (SOL/USD) Prices Range Between $25 and $20
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Solana Price Prediction – February 17
A low-moving motion has occurred in the way buyers and sellers in the SOL/USD market show as the crypto-economic prices range between $25 and $20 value lines. The impact of price action has been felt predominantly around $22 points at a positive percentage rate of 2.34. The buying stance has been able to rebuild its base around the earlier-mentioned smaller value.
SOL/USD Market
Key Levels:
Resistance levels: $25, $27.50, $30
Support levels: $17.50, $15, $12.50
SOL/USD – Daily Chart
The SOL/USD daily chart showcases the crypto-economic prices range between $25 and $20 value lines. The 14-day SMA indicator is at $22.13 point over the $21.11 value line of the 50-day SMA indicator. The Stochastic Oscillators have crossed northbound from the oversold region to 53.40 and 62.09 levels. Variant candlesticks have features that also connote a tendency for the indecision-trading condition will prolong over some time.
Will the bulls in the SOL/USD market lose strength below or near the $25 resistance level?
It acknowledged that some obtainable forces in the buying and selling activities in the SOL/USD trade produce prices ranging between the $25 and $20 trading points over time. Currently, gravitational force will most likely respond to an upward motion that may not give room to definite longing position order. It would have been better for buyers to have placed an entry around the upper range value line.
On the downside of the technical analysis, at this moment, short-position placers need to exercise caution by holding back from wanting to launch sell orders at all costs around the price features around the 14-day SMA trend line. It still appears technically inclined for bears to wait for market upsprings purposely to test resistance around higher levels of either $25 or $27.50 in the long-term run before reconsidering launching a shorting order.
SOL/BTC Price Analysis
Solana’s trending capability contrasting with Bitcoin has been around the upper and the SMA trend lines, moving sideways. In other words, the pairing cryptocurrency prices have ranged closely underneath the trend lines of the SMAs. The 14-day SMA indicator points eastwardly alongside the 50-day SMA indicator, where the upper range line drew. The Stochastic Oscillators are around the 40 levels, trying to cross back southbound at 40.66 and 37.20 levels. That implies the counter crypto is attempting to override the base crypto’s market force.
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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