{"id":27508,"date":"2022-05-21T05:01:02","date_gmt":"2022-05-21T09:01:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=27508"},"modified":"2024-07-28T07:38:54","modified_gmt":"2024-07-28T11:38:54","slug":"solana-sol-price-could-crash-to-30","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/solana-sol-price-could-crash-to-30\/","title":{"rendered":"Solana (SOL) Price Could Crash To $30"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinscreed.com\/staging\/solana-sol-nft-sees-increase-amid-crypto-crash.html\">Solana<\/a> has been under pressure to go down since hitting a weekly high near $60 and a return to the lows of 2022 booms<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"480\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/solana-sol-crypto.jpg\" alt=\"Solana (SOL) Price Could Crash To $30\" class=\"wp-image-13397\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/solana-sol-crypto.jpg 640w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/solana-sol-crypto-300x225.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption>SOL Price Could Crash To $30<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-solana-sol-price-is-likely-to-return-crash\" >Solana (SOL) Price Is Likely To Return Crash<\/a><\/li><li><a href=\"#h-sol-is-positioned-to-fall-back-to-30\" >SOL Is Positioned To Fall Back To $30<\/a><\/li><li><a href=\"#h-good-thing-for-bears\" >Good Thing For Bears?<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-solana-sol-price-is-likely-to-return-crash\">Solana (SOL) Price Is Likely To Return Crash<\/h2>\n\n\n\n<p>Even though SOL is down 15% from its high for the week, it is still up nearly 34% from the new lows for 2022 that were set during last week's flash crash. <\/p>\n\n\n\n<p>But the way prices are moving right now shows that a return to the lows of 2022 is becoming more likely.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sol-is-positioned-to-fall-back-to-30\">SOL Is Positioned To Fall Back To $30<\/h2>\n\n\n\n<p>On the daily chart, the price of <a href=\"https:\/\/coinscreed.com\/staging\/solana-sol-is-now-the-second-largest-protocol-by-nft-sales-size.html\">Solana<\/a> is in a very dangerous spot. It is just above the daily Tenkan-Sen right now. <\/p>\n\n\n\n<p>Since April 6, 2022, the Tenkan-Sen has been the main level of resistance for SOL, and <a href=\"https:\/\/en.wikipedia.org\/wiki\/Market_trend\" target=\"_blank\" rel=\"noreferrer noopener\">bulls<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> haven't been able to make any significant or long-lasting moves above it.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-637886582200094735.png\" alt=\"Solana (SOL) Price Could Crash To $30\" width=\"739\" height=\"376\" \/><\/figure>\n\n\n\n<p>If the price of Solana closes below $48 at the end of the day, it will be below the current high-volume node. <\/p>\n\n\n\n<p>This will likely cause a fast sell-off until the next high-volume node. The next high-volume node doesn't show up until $33, which is where the 2021 Volume Point of Control is.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-good-thing-for-bears\">Good Thing For Bears?<\/h2>\n\n\n\n<p>For bears, it's a good thing that buyers would have to do a lot of hard work to get rid of any more short-term threats. <\/p>\n\n\n\n<p>Even if bulls could get the price of Solana to close above the Kijun-Sen at $70, they would still be stuck with the high volume node and the 2022 Volume Point of Control between $87 and $100.<\/p>\n\n\n\n<p>A Kumo Twist is the only thing that looks bullish in the short term. When Senkou Span A crosses Senkou Span B, this is called a &#8220;Kumo Twist&#8221; (the Cloud changes color). <\/p>\n\n\n\n<p>If an instrument moves in a trend toward a Kumo Twist, it is likely that the trend will be corrected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana has been under pressure to go down since hitting a weekly high near $60 and a return to the lows of 2022 booms Solana (SOL) Price Is Likely To Return Crash Even though SOL is down 15% from its high for the week, it is still up nearly 34% from the new lows for [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":13397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[6343,6125],"class_list":["post-27508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-solana-news","tag-solana-price-prediction"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/solana-sol-crypto.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=27508"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/13397"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=27508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=27508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=27508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}