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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

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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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