MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

SOL Struggles to Hold Above $170 as Bears Dominate Momentum

December 11, 2021
in Crypto News
Reading Time: 2 mins read
A A
SOL Struggles to Hold Above $170 as Bears Dominate Momentum
ShareShareShareShareShare

Key Support levels: $166

Key Resistance level: $187

When we last visited SOL, the price was barely holding above the $187 support level. Since then, SOL broke below this crucial level which has now turned into resistance. The support is now found at $166 and appears to hold. However, the bears have been very aggressive, and a stop in the downtrend still appears unlikely in the near term.

Chart by TradingView

Technical Indicators

Trading Volume: Decreasing volume on this last drop in price. This may give a sign that bears are getting exhausted. However, it is too early to say, and bears continue to have the upper hand on price.

RSI: The daily RSI continues to go lower and has not reached the oversold area yet (currently at 37). In the past, SOL reversed the downtrend at 33 points.

MACD: MACD remains bearish on the daily timeframe. Due to this last drop in price, the MACD moving averages are expanding downwards. As such, bears continue to dominate the chart, and the bulls need to step up to stop this.

Chart by TradingView

Bias

The bias is bearish as long as Solana fails to stop the downtrend.

Short-Term Prediction for SOL Price

SOL’s poor performance continued this week. All attempts by the bulls to reverse this were just unsuccessful. The next important level to look at is $166.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Credit: Source link

ShareSendTweetPinShare
Previous Post

BTC/USD Given from 50148 Technical Resistance: Sally Ho’s Technical Analysis 12 December 2021 BTC

Next Post

Open Head NFT to Deliver Pioneering Ethereum Raffle Project

Next Post
Open Head NFT to Deliver Pioneering Ethereum Raffle Project

Open Head NFT to Deliver Pioneering Ethereum Raffle Project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

NFT trademark stoush heads to trial in Manhattan

NFT trademark stoush heads to trial in Manhattan

January 30, 2023
Randall Crater, Founder of “My Big Coin” Sentenced

Randall Crater, Founder of “My Big Coin” Sentenced

February 1, 2023
SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto – Regulation Bitcoin News

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto – Regulation Bitcoin News

January 28, 2023
Why do hackers target cryptocurrencies?

Why do hackers target cryptocurrencies?

January 31, 2023
CBA to implement new scam detection systems

CBA to implement new scam detection systems

February 2, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Binance, Kazakhstan agrees on ‘wait-and-see’ approach in regulating DeFi
  • Logan Paul Faces Class Action Lawsuit Over Alleged CryptoZoo NFT Rug Pull
  • Is a Rally on the Way for the Fledgling Altcoin?

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,433.00 1.99%
  • ethereumEthereum (ETH) $ 1,655.96 1.47%
  • tetherTether (USDT) $ 0.998415 0.08%
  • bnbBNB (BNB) $ 331.39 0.46%
  • usd-coinUSD Coin (USDC) $ 0.998477 0%
  • xrpXRP (XRP) $ 0.406935 2.09%
  • binance-usdBinance USD (BUSD) $ 0.998789 0.17%
  • cardanoCardano (ADA) $ 0.404113 0.75%
  • dogecoinDogecoin (DOGE) $ 0.091945 2.01%
  • matic-networkPolygon (MATIC) $ 1.24 0.27%
  • okbOKB (OKB) $ 41.05 0.82%
  • solanaSolana (SOL) $ 24.69 3%
  • polkadotPolkadot (DOT) $ 7.02 3.65%
  • staked-etherLido Staked Ether (STETH) $ 1,653.81 1.29%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 3.04%
  • litecoinLitecoin (LTC) $ 99.61 1.31%
  • avalanche-2Avalanche (AVAX) $ 21.57 2.41%
  • tronTRON (TRX) $ 0.063789 1.93%
  • uniswapUniswap (UNI) $ 7.18 1.77%
  • daiDai (DAI) $ 0.996282 0.41%
  • cosmosCosmos Hub (ATOM) $ 15.11 2.26%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,449.00 1.71%
  • chainlinkChainlink (LINK) $ 7.25 1.94%
  • the-open-networkToncoin (TON) $ 2.33 3.78%
  • ethereum-classicEthereum Classic (ETC) $ 23.20 0.86%
  • leo-tokenLEO Token (LEO) $ 3.37 0.26%
  • moneroMonero (XMR) $ 172.48 3.29%
  • aptosAptos (APT) $ 17.05 4.97%
  • bitcoin-cashBitcoin Cash (BCH) $ 138.76 1.85%
  • stellarStellar (XLM) $ 0.092759 1.66%
  • apecoinApeCoin (APE) $ 5.95 4.04%
  • filecoinFilecoin (FIL) $ 5.62 1.38%
  • nearNEAR Protocol (NEAR) $ 2.49 2.63%
  • quant-networkQuant (QNT) $ 144.64 3.31%
  • crypto-com-chainCronos (CRO) $ 0.080697 1.66%
  • lido-daoLido DAO (LDO) $ 2.35 3.6%
  • algorandAlgorand (ALGO) $ 0.267659 0.6%
  • hedera-hashgraphHedera (HBAR) $ 0.072046 2.87%
  • vechainVeChain (VET) $ 0.024692 0.94%
  • fantomFantom (FTM) $ 0.645752 0.53%
  • internet-computerInternet Computer (ICP) $ 5.82 3.8%
  • decentralandDecentraland (MANA) $ 0.782959 2.27%
  • aaveAave (AAVE) $ 91.85 0.56%
  • axie-infinityAxie Infinity (AXS) $ 11.38 3.34%
  • the-sandboxThe Sandbox (SAND) $ 0.764048 1.17%
  • flowFlow (FLOW) $ 1.17 1.23%
  • eosEOS (EOS) $ 1.09 1.48%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000194 11.43%
  • elrond-erd-2MultiversX (EGLD) $ 45.67 2.14%
  • theta-tokenTheta Network (THETA) $ 1.12 0.93%