Altcoins News
By Steven Anderson
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The Current Market Landscape: Solana’s Struggles Continue. SOL was trading around $155 at the time of writing, a significant drop from last week’s peak at…
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Breakdown of Market Structure on the Higher Timeframe. A review of the 1-day chart reveals that Solana recently broke below a symmetrical triangle…
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The $145–$155 Demand Zone Faces Renewed Pressure. On lower timeframes, particularly the 1-hour chart, the $145–$155 region stands out as a crucial…
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Liquidity Clusters Point to a Deeper Correction. Market liquidity zones often act as magnets for price movements, especially during uncertain or…
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Will Solana Find Support at $140?. While short-term projections remain bearish, the outlook following a retracement to $140 becomes…
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Short-Term Solana Price Prediction: More Downside Likely. Given the current data, the immediate Solana price prediction appears bearish.
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Solana (SOL) is entering a critical phase in mid-November as market momentum shifts toward the downside.
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Instead, Solana has been unable to maintain control of key support zones, resulting in repeated lower highs and lower lows.
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A review of the 1-day chart reveals that Solana recently broke below a symmetrical triangle formation that had guided price activity for several weeks.
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The pattern that followed included successive bearish waves, each producing new lower lows. This behavior typically signifies persistent selling pressure rather than momentary…
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Adding to this, the Money Flow Index (MFI) remains below 50, indicating sustained negative momentum.
12 / 15
Price action within this range has begun to show reduced reaction strength. During earlier retests, SOL produced sharp rebounds, but recent responses have shown shallow bounces,…
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Moreover, the OBV on the lower timeframe has continued its downward trajectory, signaling that buyers are not stepping in aggressively even during local recoveries.
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With current price action leaning bearish, these liquidity areas are well within reach. The heatmap also reveals liquidity extending as low as $120, suggesting that deeper…
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However, the primary expectation remains centered around the $140 level. This area aligns with both liquidity concentrations and historical support zones.
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