Main navigation

MATIC and SOL Price Analysis for October 11

Tue, 10/11/2022 - 15:40
article image
Denys Serhiichuk
How great are chances to see bounce back of popular altcoins?
MATIC and SOL Price Analysis for October 11
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

By the end of the day, bulls could not seize the initiative as the top 10 coins keep trading in the red zone.

Top coins by CoinMarketCap


Solana (SOL) has followed the drop of other coins, losing 3.29% of its price share.

SOL/USD chart by TradingView

Solana (SOL) has continued the drop after yesterday's bearish candle. However, despite the drop, the price remains trading above the important level of $30, which means that there is still a chance for a bounce back.

Cardano (ADA) Price Analysis for October 11

At the moment, the more likely scenario is sideways trading in the range of $31-$32 as the altcoin needs more power for a further move.

SOL is trading at $31.51 at press time.


MATIC is more of a loser than Solana (SOL) with a drop of 4.26%.

MATIC/USD chart by TradingView

On the daily chart, MATIC has bounced off the mirror level at $0.7945. If the candle fixes above it, one can expect a local correction. However, if this does not happen, the decline may continue to the $0.76 zone. Such a scenario is relevant until the end of the current week.

MATIC is trading at $0.7966 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at