Advertisement
AD

Main navigation

Advertisement

Solana (SOL) Price Analysis for December 24

Advertisement
Sat, 24/12/2022 - 21:00
Solana (SOL) Price Analysis for December 24
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.

Read U.TODAY on
Google News

The prices of most cryptocurrencies are falling, however, there are some exceptions.

Advertisement

Top 10 coins by CoinMarketCap

SOL/USD

Solana (SOL) has lost a lot of value today, falling by 4.44%.

SOL/USD chart by TradingView

On the hourly chart, Solana (SOL) has set the support at $11.07 and the resistance at $11.40. At the moment, the rate is close to the upper level, which means that bulls might have found the local bottom.

Related

If nothing changes, a breakout of the resistance may lead to growth to the $11.60-$11.70 zone.

SOL/USD chart by TradingView

On the daily chart, there are no reversal signals yet. Traders should focus on the important level at $11, a breakout of which could cause a fall to the $10.80 mark. Such a scenario is relevant until the end of the upcoming week.

SOL/USD chart by TradingView

On the weekly time frame, Solana (SOL) is ready to keep falling if the candle closes near or below the $11 mark. If that happens, the next stop where bulls may seize the initiative is the support at $9.10.

SOL is trading at $11.35 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD