Solana Price Prediction: Why Upsides Could Be Limited in SOL
6 a.m. Thursday, November 24th, 2022. Solana price prediction, why upsides could be limited in SOL. Solana tumbled below the 20 and 15 levels against the U.S. dollar. SOL price is now recovering, but upsides might be limited above 15 and 17. Soul price traded as low as 10.92 before it recovered a few points against the U.S. dollar. The price is now trading below 15 and the 100 simple moving average four hours. There was a break above a major bearish trendline with resistance near 12.45 on the four hours chart of the soulless pair data source from kraken. The pair could face a strong selling interest in near 15 and 17 in the coming days. Solana price starts short term recovery this month, Solana price saw a strong downward move below the 30 level. There was a strong move below the 25 and 20 support levels. Sole price even dumped below the 15 level. Finally, it found support near 11 and traded as low as 10.92. Recently, there was a minor upside correction similar to Bitcoin and Ethereum. The price was able to climb above the 11.50 and 11.85 levels. Besides, there was a break above a major bearish trendline with resistance near 12.45 on the four hours chart of the Solus pair. However, the pair is still trading below 15 and the 100 simple moving average four hours. On the upside, an immediate resistance is near the 15 level and the 100 simple moving average four hours. The next major resistance is near the 17 zone. It is close to the 23.6 fib retracement level of the main drop from the 38.75 swing high to 10.9 too low. Source Solus on trading view dot com a close above the 17 zone might send the price towards the 20 level in the near term. Any more gains might send the price towards the 25 level. Fresh decline in SOL if SOL fails to clear the 15 resistance, it could start a fresh decline. An initial support on the downside is near the 13.00 level. The first major support is near the 12 level. The next major support is near the 11 level or the recent low. If there is a downside break below the 11 support, the bears might even push the price below ten. Technical indicators for hours, the MA CD for bomb bust is losing pace in the bearish zone. For hours RSI relative strength index the RSI for bomb bust is currently above the 50 level. Major support levels 13, 12 and 11. Major resistance levels 15, 17 and 20.