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Cryptopolitan 2021-09-24 12:02:48

Solana price analysis: SOL/USD to reverse the bearish trend in the next 24 hours

TL;DR Breakdown Solana price analysis is bullish for today.SOL/USD continued to decline over the last 24 hours.SOL finds support at $150. The Solana price is in a good spot today, as it has formed a higher low and advanced quickly to $150. We anticipate that SOL/USD will reverse when such a huge drop is rejected because there was more decline prevented. We believe that the significant effect of this is due to how low it was. The candlestick that formed at $150 was a green candle, meaning that it opened higher than the previous close. This confirmed yesterday’s bullish reversal and suggests today will be an uptrend. Solana four-hour chart price prediction shows that similar to yesterday’s movement; SOL/USD is using the same downwards sloping trend. This suggests that this will continue to be a short-term downtrend. Cryptocurrency heat map. Source: Coin360 The entire cryptocurrency heat map is red, which indicates a negative market trend. Despite reaching its $50 goal two weeks ago, the major virtual currency is trading in the same bear trend as the coin has dropped by several thousand dollars and appears to be going further down. BTC is presently valued at $42.2, whereas ETH is stuck in a severe dip, and it is currently trading below $3K. Despite the fact that the cryptocurrency market has been bearish, a few coins have been bullish, THETA has seen a more than 25 percent increase in price in the last several hours,...

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