Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11441
Markets: 87421
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11441
Cryptocurrencies
59.48%
Bitcoin Share
The Crypto Basic 2024-11-05 14:31:10

Analyst Speculates Solana Will Retest $180 if This Major Support Holds

Analyst Speculates Solana Will Retest $180 if This Major Support Holds

Market analyst Trader-Saylor has suggested that Solana will retest its late October highs if it holds the support zone from its long-term uptrend line. Solana surged to a three-month high of $182 on October 29 as the market gained bullish momentum. However, the fifth-largest cryptocurrency faced a rejection at the resistance level, falling over 9% to trade at its current price.Analyst Trader-Saylor noted that he expected the correction as the general outlook among investors had turned skeptical. The analyst cited global economic unrest, surging inflation, and the Federal Reserve’s unwillingness to slash interest rates as factors sponsoring the downtrend.However, he noted that Solana could still retest the levels above $180, where it was rejected late in October. In a TradingView analysis on November 4, the market speculator gave a crucial level Solana needs to hold before making this bullish push.Analyst Gives Major Support to WatchTrader-Saylor asserted that Bitcoin needs to hold the support zone from its long-term uptrend line before a course reversal. The 1D chart accompanying the analyst’s commentary shows that this support lies around $151.7 Solana TradingView Analysis Notably, SOL would have to correct 7.9% from the current market price to reach the supply zone. According to the analyst, a bounce from support and amid growing investor traction will ensure the coin retests the $180 level.Market Speculator Gives Conflicting Market OutlookWhile Trader-Saylor expects further correction to $151.7 for Solana, analyst Jappier 24 speculates that the "Ethereum killer" would trend higher from the current market price. In a TradingView analysis today , Jappier argued that a Solana upside is likely.He noted that the recent Solana consolidation was to “catch traders on the wrong side of the market.” However, the analyst insisted that the higher timeframe structure still looks bullish and expects further uptrends.Jappier’s chart shows an imminent breakout from a bullish expanding triangle on the SOL/USDT 4-hour timeframe. The analyst asserted that the breakout would push Solana to $174.12 before its next stop at $194.53. Meanwhile, he sees the altcoin trading at $200 within this month.In the meantime, Solana exchanges hands at $163.15, with a meager downside in the last 24 hours. However, the fifth-largest cryptocurrency by market cap is up 292% in the past year, outperforming most high-caliber assets.

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
59.48%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.