\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A 70% decrease from the $1B in TVL on November 2, when CoinDesk revealed<\/a> the cooperation between treasury accounts of FTX and its sibling business, Alameda Research, has seen more than $700 million moving out of Solana-based applications.<\/p>\n\n\n\n The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The last year has seen a fall in the $10 billion TVL<\/a> on SOL, with the price of the token playing a part in that decline. However, the last two weeks have seen a more pronounced decline. <\/p>\n\n\n\n A 70% decrease from the $1B in TVL on November 2, when CoinDesk revealed<\/a> the cooperation between treasury accounts of FTX and its sibling business, Alameda Research, has seen more than $700 million moving out of Solana-based applications.<\/p>\n\n\n\n The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The last year has seen a fall in the $10 billion TVL<\/a> on SOL, with the price of the token playing a part in that decline. However, the last two weeks have seen a more pronounced decline. <\/p>\n\n\n\n A 70% decrease from the $1B in TVL on November 2, when CoinDesk revealed<\/a> the cooperation between treasury accounts of FTX and its sibling business, Alameda Research, has seen more than $700 million moving out of Solana-based applications.<\/p>\n\n\n\n The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The last year has seen a fall in the $10 billion TVL<\/a> on SOL, with the price of the token playing a part in that decline. However, the last two weeks have seen a more pronounced decline. <\/p>\n\n\n\n A 70% decrease from the $1B in TVL on November 2, when CoinDesk revealed<\/a> the cooperation between treasury accounts of FTX and its sibling business, Alameda Research, has seen more than $700 million moving out of Solana-based applications.<\/p>\n\n\n\n The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The last year has seen a fall in the $10 billion TVL<\/a> on SOL, with the price of the token playing a part in that decline. However, the last two weeks have seen a more pronounced decline. <\/p>\n\n\n\n A 70% decrease from the $1B in TVL on November 2, when CoinDesk revealed<\/a> the cooperation between treasury accounts of FTX and its sibling business, Alameda Research, has seen more than $700 million moving out of Solana-based applications.<\/p>\n\n\n\n The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The last year has seen a fall in the $10 billion TVL<\/a> on SOL, with the price of the token playing a part in that decline. However, the last two weeks have seen a more pronounced decline. <\/p>\n\n\n\n A 70% decrease from the $1B in TVL on November 2, when CoinDesk revealed<\/a> the cooperation between treasury accounts of FTX and its sibling business, Alameda Research, has seen more than $700 million moving out of Solana-based applications.<\/p>\n\n\n\n The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n According to our technical analysis, Solana must exceed the immediate resistance at $15 to restore the recent bullish momentum. According to Fibonacci retracements, upcoming resistances lying at $17.49 (23.6%), $21.56 (38.2%), and $24.85 (50%).<\/p>\n\n\n\n If SOL decides to remain under the current downtrend, we\u2019ll closely watch how the price reacts near the psychological support at $10.<\/p>\n","post_title":"Is It The FTX Crash That Is Holding Solana Below $15? \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-is-holding-below-15-following-the-ftx-curse-solana-technical-analysis","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/tvl\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:09:46","post_modified_gmt":"2023-04-10 08:09:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8733","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The last year has seen a fall in the $10 billion TVL<\/a> on SOL, with the price of the token playing a part in that decline. However, the last two weeks have seen a more pronounced decline. <\/p>\n\n\n\n A 70% decrease from the $1B in TVL on November 2, when CoinDesk revealed<\/a> the cooperation between treasury accounts of FTX and its sibling business, Alameda Research, has seen more than $700 million moving out of Solana-based applications.<\/p>\n\n\n\n The 50% price drop of SOL has contributed to that drop, as has a decline in the prices of associated DeFi<\/a> tokens. <\/p>\n\n\n\n Solend, a lending and borrowing platform, suffered the greatest percentage and monetary losses. It had more than $280 million on November 2 and now has less than $30 million. According to data, a large number of stablecoins<\/a>, wrapped<\/a> bitcoin, and Solana-based tokens are leaving the protocol.<\/p>\n\n\n\n
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Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\n
<\/li>\n\n\n\n
<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\n
<\/li>\n\n\n\n
<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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<\/strong><\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
Solana Quick Analysis<\/h2>\n\n\n\n
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<\/li>\n\n\n\n
<\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n
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<\/strong><\/li>\n\n\n\nSolana (SOL) Technical Analysis<\/h2>\n\n\n\n