{"id":13834,"date":"2022-12-03T17:10:16","date_gmt":"2022-12-03T17:10:16","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/03\/is-solana-sol-usd-consolidation-a-wait-for-takeoff-or-a-further-slide\/"},"modified":"2022-12-03T17:10:16","modified_gmt":"2022-12-03T17:10:16","slug":"is-solana-sol-usd-consolidation-a-wait-for-takeoff-or-a-further-slide","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/03\/is-solana-sol-usd-consolidation-a-wait-for-takeoff-or-a-further-slide\/","title":{"rendered":"Is Solana (SOL\/USD) consolidation a wait for takeoff or a further slide?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665688840123-fdeb2804-5d08-44b1-8049-4c80b1a606d7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665688840123-fdeb2804-5d08-44b1-8049-4c80b1a606d7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665688840123-fdeb2804-5d08-44b1-8049-4c80b1a606d7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1665688840123-fdeb2804-5d08-44b1-8049-4c80b1a606d7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2017\/06\/1665688840123-fdeb2804-5d08-44b1-8049-4c80b1a606d7.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Solana token fell essentially the most in November<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Social metrics are unfavourable for the cryptocurrency<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">SOL has been consolidating for weeks and faces further draw back<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Solana (SOL\/USD) was one of many worst-performing\u00a0<a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>cryptocurrencies<\/u><\/a> in November. The cryptocurrency got here from a excessive of $38 on November 5 however now trades at simply$13.55. The losses got here within the wake of the FTX collapse. However, for nearly three weeks, SOL has been consolidating at or above $13. Does this sign the entry of consumers?<\/p>\n<p dir=\"ltr\">Solana\u2019s consolidation comes amid a troubling on-chain exercise. According to Santiment information, Solana\u2019s spot and futures markets are struggling, with the commerce volumes at month-to-month lows. As of December 2, the open curiosity on Solana was $208.9 million, a decline of 1.25%.<\/p>\n<p dir=\"ltr\">Besides, short-position trades have been energetic on Solana, with the funding charges remaining within the unfavourable territory. Further indications have been that there have been extra lengthy liquidations ($207,000) than quick liquidations ($89,000) price of SOL.<\/p>\n<p dir=\"ltr\">Clearly, the info is towards SOL. Social metrics present restricted upside, with the sentiment unfavourable. Consequently, the newest consolidation might sign sellers\u2019 exhaustion moderately than consumers\u2019 entry. A break to the draw back would welcome a cheaper price for SOL.<\/p>\n<h2 dir=\"ltr\"><strong>SOL consolidates at $13 amid bearish momentum<\/strong><\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/11\/03\/1670084436773-4611fc0b-173a-421c-bba0-42aa70b44f3b.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"292\"\/>SOL\/USD Chart by TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">Technically, SOL is bearish within the longer-term outlook. The RSI is escaping the oversold degree however nonetheless stays approach under the midpoint. A slight restoration noticed SOL transfer to the 20-day MA, however the value upside continues to be muted.<\/p>\n<h2 dir=\"ltr\"><strong>When to purchase SOL?<\/strong><\/h2>\n<p dir=\"ltr\">Solana\u2019s value continues to be bearish. Investors seeking to\u00a0<a href=\"https:\/\/coinjournal.net\/solana\/buy\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>buy SOL<\/u><\/a> ought to wait for the bear market to subside earlier than scooping the token. A break under the consolidation zone might see SOL hit single-digit costs.<\/p>\n<h2 dir=\"ltr\"><strong>Where to purchase SOL<\/strong><\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro presents a big selection of cryptos, reminiscent of Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro customers can join with, be taught from, and replica or get copied by different customers.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/etoro-crypto?guid=OTU3OTA&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy SOL with eToro today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<h3>\n    Binance<\/h3>\n<p>Binance is without doubt one of the largest cryptocurrency exchanges on the earth. It is best suited to extra skilled traders and it presents a giant variety of cryptocurrencies to select from, at over 600.<\/p>\n<p>Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, reminiscent of; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.\n<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/binance-crypto?guid=OTU3OTA&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy SOL with Binance today            <\/a>\n    <\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/is-solanas-consolidation-a-wait-for-takeoff-or-a-further-slide\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Solana token fell essentially the most in November Social metrics are unfavourable for the cryptocurrency SOL has been consolidating for weeks and faces further draw back Solana (SOL\/USD) was one of many worst-performing\u00a0cryptocurrencies in November. The cryptocurrency got here from a excessive of $38 on November 5 however now trades at simply$13.55. The losses [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[1650,1433,316,4335,5367,550],"class_list":["post-13834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-consolidation","tag-slide","tag-solana","tag-solusd","tag-takeoff","tag-wait","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=13834"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13834\/revisions"}],"predecessor-version":[{"id":13835,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13834\/revisions\/13835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/10678"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=13834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=13834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=13834"}],"cur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