The post SOL Price Analysis: Is Solana Ready For A 30% Jump? appeared first on Coinpedia Fintech News
With FTX liquidity issues rising again, the news directly affects SOL price, leading to a breakdown. Falling 6% in a day, the threat of SOL being dumped increases the threat of Solana’s price returning to a single-digit value.
However, the recent recovery rally teases an otherwise situation.
With the sideways trend following the early 2023 bull run of 170%, the Solana coin price dipped to the $13.81 support level, aligning with the 23.60% Fibonacci level. Following this dip, the Solana coin price formed a support trendline and bounced back to the $27 mark.
However, the recent crash in the crypto markets brought the Solana coin price down under $20. This correction phase led to a falling channel pattern in the daily chart and put out the hopes of a golden crossover as the 50- and 200-day EMAs regain the bearish alignment.
For detailed information on Solana future price predict
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