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SOL and MATIC Price Analysis for October 14

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Fri, 14/10/2022 - 23:00
SOL and MATIC Price Analysis for October 14
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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Bulls keep holding the initiative gained at the beginning of the day as most of the coins remain trading in the green zone.

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Top coins by CoinMarketCap

SOL/USD

The price of Solana (SOL) has rocketed by 7.16% over the last 24 hours.

SOL/USD chart by TradingView

On the daily chart, Solana (SOL) remains in the bullish zone as the price has not fixed below the support level at $30. However, it is too early to think about a fast reversal as the altcoin needs more time to accumulate power.

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In this case, the more likely scenario is sideways trading in the range of $31-$32.

SOL is trading at $31.19 at press time.

MATIC/USD

MATIC is the biggest gainer from the list today, rising by almost 8%.

MATIC/USD chart by TradingView

MATIC is trying to come back to the zone above $0.7937 against the rising volume. If the daily candle closes in the area around $0.80, one can expect a further upward move to the zone of $0.85 within the next few weeks.

MATIC is trading at $0.8039 at press time.

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