Solana and MATIC Prices: Are They Reaching a Bottom?

Get the latest update on Solana and MATIC price movements. Are the coins reaching their local bottoms? Find out more in this article.

Posted 8 months ago in Market Analysis

A graph showing the price trend of Solana and MATIC

Bears continue to dominate the market, with Solana (SOL) and MATIC experiencing price decreases. According to CoinStats, SOL has fallen by 1.48% in the last 24 hours. On the daily chart, SOL is approaching a crucial support level at $17.43. If buyers fail to take control, the price may drop sharply to the $16 range within the next few days. At present, SOL is trading at $17.68.

MATIC, on the other hand, has suffered a larger decline, dropping by 3.5%. From a technical standpoint, MATIC is on the verge of closing below the $0.5089 level. If this occurs, the altcoin's downward trend is likely to continue. It is highly probable that a correction to the $0.45 range will occur by the end of the week. Currently, MATIC is being traded at $0.5022.

As the bears maintain control, investors and traders should monitor the price movements of SOL and MATIC closely, as they attempt to establish their local bottoms and potentially present buying opportunities.

Last updated 9/11/2023, 3:38:38 PM


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