What’s Happening in Solana (SOL)? 8 May 2023

How is the chart progressing in Solana (SOL), which remains below the support price after Bitcoin (BTC) tests $28,000?
 What’s Happening in Solana (SOL)?  8 May 2023
READING NOW What’s Happening in Solana (SOL)? 8 May 2023

How is the chart progressing in Solana (SOL), which remains below the support price after Bitcoin (BTC) tests $28,000?

The momentary test of BTC at $ 28 thousand led to a serious price loss in major coins. Finding support at $20.74, SOL is currently trading at $21.31. Priced below the 21.47 – 21.57 support range, the SOL is currently dominated by sellers. SOL, which recently approached $26, could turn its course upwards if it exceeds $22.94.

Solana (LEFT) Chart Analysis

SOL, which lost strength with the fall of BTC, received a reaction at $ 20.74. SOL, which is currently traded at $ 21.31, can rise to $ 22.94 – 23.90 – 24.46 – $ 25.50 and $ 26.00, respectively, if it exceeds $ 21.50. Positive news from the ecosystem should be followed in order to expect increases on the LEFT side. BTC’s turn upwards will provide substantial support to SOL.

In the bearish scenario that can continue for the SOL, the levels of 20.17 – 19.86 – 19.20 – 18.87 dollars can be followed as support, respectively. In SOL, which is currently priced below the support band, the dangers do not seem to be over yet.

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