Solana Price Prediction for Today, November 11 – Solana Technical Analysis

The
Solana
price
prediction
shows
that
SOL
maintains
a
bullish
movement
and
is
currently
trading
around
the
$200.19
resistance
level.

Solana
Prediction
Statistics
Data:

• Solana
  price
  now
  –
  $200.19
• Solana
  market
  cap
  –
  $95.40
  billion
• Solana
  circulating
  supply
  –
  471.67
  million
• Solana
  total
  supply
  –
  588.09
  million
• Solana
  Coinmarketcap
  ranking
  –
  #4

Solana
(SOL)
has
demonstrated
the
potential
rewards
of
early
investment
in
crypto,
with
an
extraordinary
rise
of
43,302.19%
from
its
all-time
low
of
$0.5052
in
May
2020.
Currently
trading
between
$200.13
and
$221.53,

SOL
reached
an
all-time
high
of
$260.06
in
November
2021,
showing
that
even
with
recent
fluctuations,
early
adopters
have
seen
impressive
returns.
This
performance
highlights
why
getting
in
early
on
crypto
projects
can
lead
to
significant
gains.

SOL/USD
Market

Key
Levels:

Resistance
levels:
$230,
$240,
$250

Support
levels:
$170,
$160,
$150

SOL/USD
has
shown
impressive
upward
momentum,
with
its
price
reaching
the
significant
$202
mark.

SOL’s
rise
through
the
$188
–
$186
resistance
range
represents
a
breakout
that
has
brought
renewed
bullish
sentiment.
This
rally
aligns
with
Solana’s
strong
fundamentals,
which
continue
to
attract
interest
and
support
investor
confidence,
especially
with
high
Total
Value
Locked
(TVL)
and
substantial
decentralized
exchange
(DEX)
trading
volumes.

Solana
Price
Prediction:
Would
Solana
Gain
More
Upsides?

As
the
daily
chart
reveals,
the
Solana
price
is
trading
above
the
9-day
and
21-day
moving
averages
within
the
channel.
On
the
upside,
if
the
price
breaks
above
the
channel’s
upper
boundary
and
closes
above
it,
SOL/USD
may
likely
continue
its
uptrend
and
could
reach
resistance
levels
of
$230,
$240,
and
$250.
Meanwhile,
given
the
bullish
fundamentals
and
current
price
action,
the
primary
question
is
whether
SOL
can
decisively
break
above
the
$220
level.

In
the
short
term,
Solana
may
continue
to
test
resistance
within
the
$210
–
$215
range,
with
a
possible
advance
toward
$220.
However,
a
pullback
remains
probable,
especially
if
leverage
unwinds
or
profit-taking
occurs
at
these
higher
levels.
The
daily
chart
suggests
that
while
Solana’s
bullish
momentum
could
push
it
to
these
resistance
zones,
a
brief
consolidation
or
correction
could
be
expected,
allowing
the
asset
to
gather
strength
before
attempting
another
breakout.
Meanwhile,
if
the
technical
indicator
fails
to
cross
above
the
60-level,
there
is
a
tendency
for
the
bears
to
return
to
the
market,
and
this
may
likely
cause
the
market
price
to
hit
the
nearest
support
levels
at
$170,
$160,
and
$150
respectively.

SOL/BTC
Consolidates
Above
the
Moving
Averages

Solana’s
price
against
Bitcoin
is
showing
upward
momentum
as
it
moves
above
the
9-day
and
21-day
moving
averages.
This
price
action
suggests
a
potential
breakout
above
the
channel’s
upper
boundary,
which
could
be
a
bullish
signal
for
buyers.
However,
if
bears
gain
control,
critical
support
could
be
found
around
2400
SAT,
with
resistance
expected
above
the
channel
and
near
2800
SAT.

Further
strengthening
the
bullish
outlook,
the
9-day
moving
average
may
soon
cross
above
the
21-day
moving
average,
indicating
that
momentum
is
favoring
buyers.
This
crossover
would
reinforce
the
positive
trend,
making
the
setup
favorable
for
continued
upward
movement.

Meanwhile,
@zenithzoro
highlighted
to
his
16,000+
followers
on
X
(formerly
Twitter)
that
Solana’s
4-hour
chart
is
showing
strong
activity,
shifting
from
a
bearish
trend
to
a
bullish
surge.
SOL
faces
critical
resistance
around
184.62,
where
a
breakout
could
trigger
further
gains.
However,
if
there’s
a
pullback,
the
165-170
support
zone
will
be
key;
holding
this
level
could
attract
buyers
and
support
a
rebound.
This
juncture
will
reveal
whether
SOL
can
continue
its
bullish
run
or
if
sellers
will
step
in
to
defend.

$SOL
4H
chart
is
buzzing
with
activity!
After
shifting
from
a
bearish
channel
into
a
bullish
surge,
SOL
now
hovers
at
a
crucial
point.
With
a
strong
resistance
near
184.62,
a
breakout
could
trigger
a
powerful
upward
move
and
ignite
fresh
bullish
momentum.
However,
keep
an
eye
on…

pic.twitter.com/S0nYExhWGj

—
????????????????????????
????????????????
(@zenithzoro)

November
7,
2024

Solana
Alternatives

On
the
daily
chart,
Solana
remains
bullish,
bolstered
by
strong
fundamentals
and
positive
market
sentiment,
particularly
fueled
by
ETF
speculation.
However,
technical
indicators
at
this
level
advise
caution,
as
the
current
resistance
could
trigger
a
pullback.

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