After the decline in Bitcoin, the rise in the altcoin world continues. Altcoins with a strong stance in the world Left (LEFT) continues to maintain its upward trend. Request October 24, 2021 Solana (SOL) analysis.
After the latest news about Solana, new features added, and launches, there are speculations that it will hit new heights as a result of new price increases in the coming days.
OKEx stock market recently LEFT/USDT and LEFT/USDC Enabled money investment and transactions for transactions. on the other hand Solana staking With the launch of the protocol, Marinade financing has brought many investors and traders closer to the SOL side.
SOL, the sixth most valuable asset in the cryptocurrency world, is currently trading at $215.
Solana (SOL) Weekly Chart Analysis
When the RSI values are followed from January 4, 2021, it can be seen that it shows an upward trend. According to this chart, the SOL ecosystem remains in a strong uptrend with a gain of 5500%.
Despite strong selling pressure on September 6, 2021, there is a concentration in SOL.
The formation of a new downtrend in SOL is expected after the new ATH (all-time high).
Solana (SOL) Daily Chart Analysis
On the daily chart, the SOL seeks support at $116, representing a hidden bullish divergence that indicates the trend is turning to the bulls.
Solana (SOL) 4HR Chart Analysis
According to the 4HR time frame during the day LEFT/USDT It is in a strong bullish channel. According to the analysis at the press time, the SOL is manifesting itself in consecutive ascending channels starting from the latent bullish divergence on October 11 at 16:00, and in the latest channel formed by the opposite bearish and bullish divergence at press time.
If SOL price declines below the $192 support, a bearish dominance could be seen in the market. However, from the weekly time frame RSI analysisDaily and intraday RSI readings below 25 only indicate that there will be more demand for the SOL altcoin.
Solana (SOL) Intraday Levels
Spot Rate: 194.50
Medium Term Trend (H4): Bullish
Volatility: High
Support Levels: $192 – $178.26
Resistance Level: $215.10
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.