{"id":1277,"date":"2022-11-23T12:58:42","date_gmt":"2022-11-23T12:58:42","guid":{"rendered":"https:\/\/solanacrypto.news\/2022\/11\/23\/solana-price-prediction-for-today-23-november-sol-awaiting-a-bullish-spark\/"},"modified":"2022-11-23T12:58:42","modified_gmt":"2022-11-23T12:58:42","slug":"solana-price-prediction-for-today-23-november-sol-awaiting-a-bullish-spark","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2022\/11\/23\/solana-price-prediction-for-today-23-november-sol-awaiting-a-bullish-spark\/","title":{"rendered":"Solana Price Prediction for Today, 23 November: SOL Awaiting a Bullish Spark"},"content":{"rendered":"
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Bulls may dominate Solana market soon<\/h2>\n

Solana Price Analysis \u2013<\/strong>23 November <\/strong><\/h2>\n

When buyers defend the support level of $12, bulls may increase their momentum, and Solana<\/a> may break up the resistance level of $19 and expose the price to $23 and $26 resistance levels. In case the bears\u2019 pressure increases, the price may decrease further below the $12 support level, in which the support level of $10 and $08 may be tested.<\/p>\n

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SOL\/USD Market<\/h2>\n

Key Levels:<\/h2>\n

Resistance levels: $19, $23, $26<\/p>\n

Support levels: $12, $10, $08<\/p>\n

SOL\/USD Long-term Trend: Bearish<\/h2>\n

On the daily time frame, Solana is on the strong bearish movement. Sellers hold unto the Solana market. The crypto declined sharply from the resistance level of $38 on 06 November. The support level of $13 was reached on 08 November. It pulled back and commenced a slow bearish movement towards the previous low. It seems the bulls are gathering momentum to take over the market.<\/p>\n

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Solana is trading below the 9-period and 21-period EMAs at close contact as an indication of low bearish movement. When buyers defend the support level of $12, bulls may increase their momentum, and the price may break up the resistance level of $19 and expose the price to $23 and $26 resistance levels. In case bears\u2019 pressure increases, the price may decrease further below the $12 support level, in which the support level of $10 and $08 may be tested.<\/p>\n

SOL\/USD Medium-term Trend: Bearish<\/h2>\n

On the 4-hour chart, Solana is bearish. When the price falls from the high of $38 to the low of $13 level with strong momentum from the sellers. The momentum of the sellers fails and could not break down the $13 support level. Also, the bulls\u2019 momentum is very low and this is what led to price consolidation within the two levels mentioned.<\/p>\n

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Solana is trading around the two EMAs and 9-period EMA is interlocked with 21-period EMA as an indication of a ranging market. However, the relative strength index period 14 is at 56 levels, and the signal line pointing up to indicate a buy signal.<\/p>\n

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