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ETC and SOL Price Analysis for October 16

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Sun, 16/10/2022 - 12:45
ETC and SOL Price Analysis for October 16
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.

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Even though the day has started with a further fall, some coins have returned to the green zone.

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SOL/USD

The price of Solana (SOL) has almost not changed since yesterday, the rate has fallen by 8.82% over the last week.

SOL/USD chart by Trading View

Despite the slight rise today, the rate of Solana (SOL) remains below the vital $30 mark, which means that bears are more powerful than bulls. However, if the candle fixes above that mark, there is a chance to see a local rise in the upcoming week.

SOL is trading at $29.93 at press time.

ETC/USD

Ethereum Classic (ETC) has lost more than Solana (SOL) as the price has dropped by 14.45% over the last seven days.

ETC/USD chart by TradingView

Ethereum Classic (ETC) is trying to rise after the false breakout of the recently formed support level at $22.15. If the rate can be fixed in the zone of $23, traders might see a further correction to the $24 mark within the next few days.

Ethereum Classic is trading at $23.10 at press time.

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