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SOL and MATIC Price Analysis for October 27

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Thu, 27/10/2022 - 14:52
SOL and MATIC Price Analysis for October 27
Cover image via www.tradingview.com

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Bulls keep controlling the situation on the cryptocurrency market as all of the top 10 coins are in the green zone.

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Top 10 coins by CoinMarketCap

SOL/USD

Solana (SOL) is one of the biggest gainers today, rising by 3.11%.

SOL/USD chart by Trading View

On the daily chart, Solana (SOL) has entered the bullish zone after the breakout of the vital $30 mark. At the moment, one should pay attention to the $32 mark.

Related
Ethereum (ETH) Price Analysis for October 26

If the bar closes above it, growth may continue to the nearest resistance zone around $34.

SOL is trading at $31.74 at press time.

MATIC/USD

MATIC could not follow the growth of the market, going down by 0.28% over the last 24 hours.

MATIC/USD chart by TradingView

MATIC is not looking as bullish as Solana (SOL) as the price keeps trading in a wide range. At the moment, the rate has reached the interim resistance at $0.9413. If the volume rises or at least remains on the same level, the breakout of the mentioned mark could lead to an upward move to $0.9849.

MATIC is trading at $0.9393 at press time.

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