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SOL and MATIC Price Analysis for September 11

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Mon, 11/09/2023 - 18:00
SOL and MATIC Price Analysis for September 11
Cover image via www.tradingview.com

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Bears keep controlling the situation on the market, according to CoinStats.

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Top coins by CoinStats

SOL/USD

The rate of Solana (SOL) has fallen by 1.48% over the last 24 hours.

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Image by TradingView

On the daily chart, the price of SOL is about to close near the important support level of $17.43. If buyers cannot seize the initiative by the end of the day, the breakout may lead to a sharp drop to the $16 area. Such a scenario is relevant within the next few days.

SOL is trading at $17.68 at press time.

MATIC/USD

MATIC has lost more than SOL, going down by 3.5%.

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Image by TradingView

From the technical point of view, the rate of MATIC is about to close below the level of $0.5089. If that happens, the midterm fall of the altcoin is likely to continue.

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All in all, there is a high possibility of seeing a correction to the range of $0.45 until the end of the current week.

MATIC is trading at $0.5022 at press time.

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