bullish

Solana

Coin

<p>The Solana price has failed to reclaim its $180 mark. This has resulted in this altcoin experiencing a significant bearish action over the past few days. Moreover, the altcoin is currently listed at $164.03 with a trading volume of over $2 billion.</p>  
<p>With the ongoing volatility in the crypto space, is this a crucial time to invest in this altcoin? Dive in as, in this article, we have covered the market sentiments and possible price analysis of the Solana (SOL) crypto token.</p>  
<h2 class="wp-block-heading" id="h-sol-coin-price-on-the-path-of-retesting-155"><strong>SOL Coin Price On The Path Of Retesting $155!</strong></h2>  
<p>Amid ongoing market uncertainty, the Solana price has dropped 1.08% in the past 24 hours with a trading volume of $2.048 billion. Furthermore, it has corrected 5.41% over the past week, indicating an increase in the selling pressure.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/03170552/image-20-1024x537.png" alt="SOL Coin Price On The Path Of Retesting $155!" class="wp-image-375431">
</figure>  
<p>Positively, this altcoin has jumped 17.01% during the past 30 days and has a YTD return of +61.92%. With a market capitalization of $77.39 billion, it has secured the 05th position in the global cryptocurrency list.</p>  
<h2 class="wp-block-heading" id="h-solana-technical-sentiments"><strong>Solana Technical Sentiments</strong></h2>  
<p>The EMA 50/200-day has recorded an increase in the SOL price chart in the 1D time frame. This indicates increased buying-and-selling pressure for the altcoin in the crypto space.</p>  
<p>However, the Relative Strength Index (RSI) has experienced a sharp drop toward its neutral point. This suggests a mixed price sentiment for the altcoin.</p>  
<h2 class="wp-block-heading" id="h-will-sol-price-hit-200-or-retest-127"><strong>Will SOL Price Hit $200 Or Retest $127?</strong></h2>  
<p>Suppose, a bullish reversal occurs, this could push the price of Solana toward its resistance level of $181. Furthermore, if the bullish sentiment intensifies, this could result in it heading toward its upper high of $200 during the upcoming time.</p>  
<p>On the flip side, if the bears continue dominating the crypto space, the Solana token could retest its support level of $155. Moreover, an intensified bearish action could pull the price toward its lower support level of $127 this month.</p>  
<p>Wondering if the 5th largest cryptocurrency will achieve a new high this year? Read, our <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Price Prediction</a> to uncover the mysteries!</p>

Solana Price Prediction For November: SOL Price To Retest $200?

Table of Contents

CoinPedia News

Other articles published on Nov 3, 2024

Warren Buffett Adjusts Stock Holdings Amid Market Changes

Top 5 Cryptos Primed for 10X Gains in the Coming Bull Market

Bitcoin Boom: Post-Election Surge Anticipated by Options Traders

Whales Are Buying These Altcoins Ahead Of U.S. Election 2024?

Crypto projects set to unlock $2.6B in tokens in November

$5000000 Raised: This ‘Ethereum Killer’ Just Set a New Record: Not Solana

Join our free newsletter for daily crypto updates!