Home Community Insights Solana price analysis: SOL price moves down to $21.37 as an inventive trading platform rises on the horizon

Solana price analysis: SOL price moves down to $21.37 as an inventive trading platform rises on the horizon

Solana price analysis: SOL price moves down to $21.37 as an inventive trading platform rises on the horizon

Solana’s price has fallen to $21.37, as per the latest price analysis. The market has seen slight volatility, but the trend remains bearish. The bears are pushing the price downwards, and the resistance is at $22.22 while the support level is at $21.07. The one-day and four-hour price charts continue the bearish trend, with indicators suggesting further downside potential. The MACD and RSI indicators are currently in the bearish zone, and both EMA’s are sloping downwards, indicating a path of least resistance towards the downside.

Meanwhile new hybrid trading exchange Tradecurve.io has burst onto the scene and is already being tipped for 80x price growth. 

Solana Bears Dominate: SOL Downfall to $21.37 in 1-Day Chart Analysis

According to the latest price analysis, Solana (SOL) continues to experience a bearish trend on the 1-day price chart. The bears have regained their momentum and are driving the price down consistently. The market experience slight volatility in the last 24 hours, but the overall trend seems bearish. The current price is at $21.37, which is a significant decline from its recent highs.

SOL/USD 24-hour price chart. Source: TradingView

Solana’s price levels have declined and met the $21.07 support level, while resistance remains at $22.22. Bears are determined to maintain their bearish slide, pushing the price further below its current value, resulting in a 4.08 percent decrease in the last 24 hours.

The exponential moving averages all show a bearish trend, with the 50-day EMA ($22.25) closest to the candlesticks, and the 200-day EMA ($25.00) further away, indicating that the market is likely to continue its downward trend.

The MACD indicator confirms the bears’ control of the market momentum, being in the bearish zone with the signal line above the candlesticks. The RSI indicator indicates no oversold or overbought conditions at this time. In summary, Solana’s 1-day price analysis indicates a bearish trend, and bears are expected to dominate the market in the near future. 

An inventive trading platform rises on the horizon

While Solana (SOL) experiences a bearish trend, an innovative trading platform has been making waves in the crypto space. Tradecurve ($TCRV) is a new trading hybrid exchange that will allow users to trade cryptocurrencies, stocks, forex, and commodities from one account. With high leverage starting from 500:1 and algorithmic trading, Tradecurve offers unique and exclusive features, including VIP account services, deposit bonuses, and negative balance protection.

Tradecurve allows users to deposit crypto and use it as collateral to trade derivatives without the need to complete strenuous KYC requirements. This hybrid exchange enables users to trade global asset classes while protecting their privacy through DeFi capabilities.

TCRV is the native token of the platform, and is available to purchase via the presale at a current price of $0.01. With so many analysts bullish about this project the price of the token is expected to grow upwards of 2000% over the next few months.

As the crypto market continues to fluctuate, innovative platforms like Tradecurve (TCRV) may provide a much-needed solution for savvy traders looking to diversify their portfolios and trade with ease.

Buy presale: https://app.tradecurve.io/sign-up

Website: https://tradecurve.io/

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

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