{"id":28292,"date":"2023-09-11T06:23:18","date_gmt":"2023-09-11T06:23:18","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/09\/11\/solana-takes-hit-and-could-dive-to-15\/"},"modified":"2023-09-11T06:23:18","modified_gmt":"2023-09-11T06:23:18","slug":"solana-takes-hit-and-could-dive-to-15","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/09\/11\/solana-takes-hit-and-could-dive-to-15\/","title":{"rendered":"Solana Takes Hit and Could Dive To $15"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Solana is gaining bearish momentum beneath $20 in opposition to the US Dollar. SOL value is struggling and might drop additional towards $16.50 and even $15.00.<\/em><\/p>\n<ul>\n<li>SOL value is displaying bearish indicators beneath $20.00 and $20.50 in opposition to the US Dollar.<\/li>\n<li>The value is now buying and selling beneath $20 and the 100 easy transferring common (4 hours).<\/li>\n<li>There is a significant bearish pattern line forming with resistance close to $19.20 on the 4-hour chart of the SOL\/USD pair (knowledge supply from Kraken).<\/li>\n<li>The pair might proceed to down if there&#8217;s a shut beneath the $17.80 assist.<\/li>\n<\/ul>\n<h2>Solana Price Drops Further<\/h2>\n<p>In the previous few days, Solana\u2019s value made a few makes an attempt to clear the $22.00 resistance. However, SOL failed to achieve energy for a transfer above the $22.00 degree.<\/p>\n<p>As a end result, there was a recent bearish response beneath the $21.20 assist, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-bearish-break-risk-25350\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-could-decline-heavily-1600\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>. More importantly, FTX\u2019s information of a attainable promoting of SOL can also be placing plenty of strain on the bulls. The value gained bearish momentum and traded beneath the $20.00 assist.<\/p>\n<p>Finally, it discovered assist close to $17.80. A low is shaped close to $17.78 and the worth is now consolidating losses. SOL is now buying and selling beneath $20 and the 100 easy transferring common (4 hours).<\/p>\n<p>Besides, there&#8217;s a main bearish pattern line forming with resistance close to $19.20 on the 4-hour chart of the SOL\/USD pair. On the upside, fast resistance is close to the $18.50 degree or the 23.6% Fib retracement degree of the downward transfer from the $20.59 swing excessive to the $17.78 low.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-550687\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468\" alt=\"SOL Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Solana.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener\">SOLUSD on TradingView.com<\/a><\/p>\n<p>The first main resistance is close to the $19.20 degree or the pattern line. The subsequent key resistance is close to the 76.4% Fib retracement degree of the downward transfer from the $20.59 swing excessive to the $17.78 low at $20.00. A transparent transfer above the $20.00 resistance may ship the worth towards the $21.20 resistance. Any extra positive aspects may ship the worth towards the $22 degree.<\/p>\n<h2>More Losses in SOL?<\/h2>\n<p>If SOL fails to clear the $19.20 resistance, it might proceed to maneuver down. Initial assist on the draw back is close to the $17.80 degree.<\/p>\n<p>The first main assist is close to the $17.20 degree. If there&#8217;s a shut beneath the $17.20 assist, the worth might decline towards the $16.50 assist. In the acknowledged case, there&#8217;s a threat of extra downsides towards the $15.00 assist within the close to time period.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for SOL\/USD is gaining tempo within the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is beneath the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $17.80, and $17.20.<\/p>\n<p>Major Resistance Levels \u2013 $19.20, $20.00, and $22.00.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/sol-price-prediction-solana-takes-hit-15\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Solana is gaining bearish momentum beneath $20 in opposition to the US Dollar. SOL value is struggling and might drop additional towards $16.50 and even $15.00. SOL value is displaying bearish indicators beneath $20.00 and $20.50 in opposition to the US Dollar. The value is now buying and selling beneath $20 and the 100 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