Solana Price Prediction – November 19
Pulling ups and downs in the trade operations involving Solana and the US Dollar have been surfacing alongside a straight path to the upside, given that the crypto-economic price is gaining via resistances toward the point of $70, aiming for sustenance.
Notably, there has been no significant pattern to depict a near change of direction against the current rising force mode until the moment. The overall outlook suggests that buyers are on the platform of building back resourceful pressures to prolong the line to higher resistances that could be more than its most previous peak point. A fearful reversal motion against the close underlying support of $45 may lead to resettling and rebuilding the market between $40 and 430.
Resistance levels:$70, $75, $80
Support levels: $45, $40, $35
SOL/USD – Daily Chart
The SOL/USD daily chart reveals the crypto-economic market gains momentum, moving through resistances above the middle Bollinger Band trend line, aiming for sustenance.
The Bollinger Band trend line at the upper side has been elongating alongside variant candlesticks that have been surfacing and breaking through resistances. The middle Bollinger Band has traversed northward to reach the point of $50, as the lower part has been placed slightly above $30.
Which one tends to provide a decent directional input early on in the following procedures, the Bollinger bands or the stochastic oscillators?
We shall stick to the reading outlook of the stochastic oscillators coupled with the formation of bullish candlesticks in the determination of getting decent entries as the SOL/USD market gains momentum, aiming for sustenance.
If the oscillators continue to push further below, long-position takers should stay in their positions to prevent any effort to move southward against the bullish trend line that was formed to support the middle Bollinger Band trend line. It shouldn’t be possible to see a rapid correction if there are more surges away from the present trading price of $60.01.
It looks as though trading along the upper Bollinger Band’s route is currently getting ready to give way to a reversal movement around the $70 resistance line. Meanwhile, a few pull-ups are about to combine to create shorting entries that are just above or near the value line.
SOL/BTC Price Analysis
In contrast, the Solana trade operations are gaining catalysts against Bitcoin, aiming for sustenance even alongside the upper trend of the Bollinger Band.
Candlesticks have been used to illustrate the present trade pace in order to generate more impulses toward swing highs. The middle Bollinger Band trend line is functioning in a supportive manner, and the Bollinger Band trend lines are pointing upward and northward. The blue line has slipped into the oversold area according to the stochastic oscillators. It is still possible for upward shifting pressures to occur. However, there can still be some pauses in the market before it rises any higher.
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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