3 Things to Watch Today (SOL Price Analysis)

1 Mins read

Solana appears to have found its first key resistance as buyers seem to pause.

Key Support levels: $67

Key Resistance levels: $44

1. SOL Rally Takes a Pause

Solana tried to reach the key resistance at $67, but sellers stopped it at $65. It appears selling is intensifying, which could signal that the current rally may come to a pause. If this continues, a more significant pullback becomes likely.

Chart by TradingView

2. Selling Expands

Solana shows that bears are dominating now based on the 3-day timeframe. This is the first candle since mid-October when sellers came on top of this timeframe. It’s important to wait and see how this candle closes. If in red, then selling may continue later on.

Chart by TradingView

3. RSI Overbought and Falling

The 3-day RSI is also showing signs that Solana may have reached a local top, with the indicator hitting an overbought level of 91 points out of 100. At the time of this post, this indicator is falling, suggesting sellers are returning.

Chart by TradingView


The bias for SOL is neutral right now.

Short-Term Prediction for SOL Price

As long as the support at $44 is not broken, the uptrend will remain intact for Solana. The price has plenty of space to enter a healthy pullback before buyers return. Keep a close eye on the key support for any signs of weakness.


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

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.

Source link

Related posts

Best & New Meme Coins On CoinMarketCap, Uniswap, PancakeSwap To Watch November 29 - IDO & ICO Calendar

5 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage Finding the best meme coins to buy right now…

Bitcoin Miners Led in Crypto Fundraising For The Past Month: Report

2 Mins read
Crypto fundraising in November saw a significant uptick compared to the amounts raised in prior months. Bitcoin miners took the lead this…

Theta Network Price Prediction for Today, December 3 – THETA Technical Analysis

2 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage The Theta Network price prediction reveals that the THETA…



Leave a Reply

Your email address will not be published.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