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Join Our Telegram channel to stay up to date on breaking news coverage Solana started a new bearish market around the 5th of October after the market tested a strong resistance of $34.00. Since then till now price action has been moving toward lower levels. Solana Analysis Statistics Data: Solana value now: $29.86 SOL’s market cap: $10.72 billion SOL’s moving supply: 358 million The Total supply of Solana: 511.62 million SOL’s Coinmarketcap ranking: #9 Currently, it looks as if we are about to witness some upside correction. We shall carry out more studies on this market to get better understanding of the current occurrence, and what may happen in the near future. Also, we will extend our scope to the SOL/BTC market as well Major Price Marks: Resistance: $29.86, $31.00, $32.00 Support: $28.00, $27.00, $26.00 Solana Price Prediction Today, October 17, 2022: Is SOL/USD on the Verge of Upside Correction After price movements in the SOL/USD market t...

Join Our Telegram channel to stay up to date on breaking news coverage Ranging movement in Solana market Solana Price Analysis – October 09 In case there is a breakout at the resistance level of $34, price may increase to the resistance level at $38 which may increase to $39. On the other hand, when the $31 level holds not, Solana may decrease to the support levels at $31, $28 and $25.  Meanwhile, the relative strength index period 14 is at 49 levels displaying no specific direction. SOL/USD Market Key Levels: Resistance levels: $34, $38, $39 Support levels: $31, $28, $25   SOL/USD Long-term Trend: Ranging Solana is on ranging movement on the daily chart. Since September 18, when the price decreased to the support level of $31. Solana has been trading within the range of $34 and $31 levels. Attempts made by sellers to break down $31 level was interrupted by the buyers, then, the price is pushed up to $34 level. Likewise, when the buyers pushed up the pr...