December 6, 2022

SOL Price Update: Solana (SOL) Price AT Weekly Support Around $96.0; Are You Buying The Dip?

2 min read

Solana(SOL )rate trades with gains on Saturday after a series of range-bound sessions. Still, the set is not out of the wood yet. Financiers need to cross the threshold of January 22 highs around $114.21. The set is under the formation of lower highs and lower lows given that December 4.

In the past seven days, SOL has diminished almost 30% and sellers continue to dominate the price action. At the time of writing, SOL/USD is trading at $96.23, up 5.36% for the day. The present market cap ranked no. 7 at $30B as per the CoinmarketCap.

Solana Network might get an increase on Coinbase listing

The second-largest crypto exchange by trading volume, Coinbase is gearing up for noting Solana Program Library (SPL) tokens on its trading floors.

Technically speaking, Solana’s (SOL) rate has actually kicked back after rout of offering near the weekly assistance. Some upside momentum is anticipated from this level as indicated by other technical indications.

< img class="size-full wp-image-98655"src ="https://cdn.coingape.com/wp-content/uploads/2022/01/29172921/sol.png"alt =""width="1800" height ="714"/ > Source: Trading view The daily relative strength index(RSI) checks out at 28 and is on the verge of a bullish crossover. Purchasers could try the healing from the recent lows of $90.00 with a cravings for 33% returns.

Bulls requires to check the horizontal resistance level of $ 141.76 then just it can be a pattern turnaround condition for the SOL.

Source: Trading view

Alternatively, if the cost breaches the weekly lows of $80.67 then the market individual might satisfy the next horizontal assistance zone at $62. The levels are last seen in August.

The post SOL Price Update: Solana (SOL) Price AT Weekly Support Around $96.0; Are You Buying The Dip? appeared initially on CoinGape.