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SOL and LINK Price Analysis for November 8

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Wed, 8/11/2023 - 18:00
SOL and LINK Price Analysis for November 8
Cover image via www.tradingview.com

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Most of the coins remain in the green zone; however, there are some exceptions to the rule, according to CoinStats.

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Top coins by CoinStats

SOL/USD

The rate of Solana (SOL) has risen by 1.64% since yesterday.

Image by TradingView

From the technical point of view, the rate of SOL is trading sideways as the price is in the middle of the channel, between the support of $38.41 and the resistance of $46.90. 

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DOGE Price Analysis for November 7

As neither bulls nor bears have seized the initiative yet, consolidation in the area of $40-$45 is the more likely scenario for the next few days.

SOL is trading at $42.62 at press time.

LINK/USD 

LINK is more of a gainer than SOL, rocketing by 7.22%.

Image by TradingView

Unlike SOL, the price of LINK keeps rising, setting new local peaks. If today's bar closes near the $14 mark, the rise may continue to the nearest resistance area of $15. Such a scenario is relevant until mid-November.

LINK is trading at $13.68 at press time.

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