Aamir Sheikh

Author
Aamir Sheikh

Aamir Sheikh

Author

Aamir is a tech journalist specializing in tech and crypto. He graduated from MAJ University, Karachi, with an MBA in Marketing and Finance. He has been writing cryptocurrency analysis for Cryptopolitan since 2021.

Author’s Articles

  • Polkadot price analysis: DOT price recovers to $8.41 as market sentiment turns positive

    Polkadot price analysis: DOT price recovers to $8.41 as bulls try to gain momentum
    August 18, 2022 News
  • Solana price analysis: SOL starts recovering as the price rises to $44.1

    Solana price analysis: SOL starts recovering as the price rises to $44.1
    August 17, 2022 News
  • Solana price analysis: SOL to retest $42.5 support as bearish momentum follows The Solana price analysis shows a bearish trend. Bears have taken the price levels down to $42.8. Support for SOL/USD is present at $41.1. The Solana price analysis is revealing a bearish trend for today as a further decrease in price has been observed. The price has been devalued to $42.8 today as well after encountering a loss yesterday. The SOL/USD has been on a downtrend since 14 August 2022, and today the price is still on a decreasing trend, continuing the downwards wavy pattern which can be seen on the charts since 10 June 2022. The coin will hopefully start to recover in the coming days as the correction ends. SOL/USD 1-day price chart: Bearish tren intensifies The one-day Solana price analysis is showing a bearish trend for today as the price has depreciated today as well. The bearish momentum has been continuing over the past few days, and today, the trend is the same. The price has been lowered to the $42.8 level after the latest drop. The crypto pair has been at a loss of 6.45 percent for the last 24 hours but still reports a minimal profit of 0.76 percent if observed over the past week. The moving average indicator (MA) is present at the $34.8 mark above the price level. The volatility has been mild for a long time, and the situation is the same volatility-wise. The upper Bollinger band value is $46.3, which represents resistance, whereas the lower Bollinger band value is $37.9, which represents support for the cryptocurrency price. The Bollinger bands are maintaining an average of $42.1, just below the current price level. The Relative Strength Index (RSI) is present at index 52 in the neutral region, indicating unfavorable circumstances for DOT, as the downwards curve of the indicator shows the selling activity in the market, which is depreciating its value. Solana price analysis: Recent developments and further technical indications Yesterday’s drop in price has been quite damaging to the market value of SOL. The current price is still below the moving average, whose value is present at the $44.1 mark on the 4-hour chart. The price is going down once again as a bearish trend has been observed to be strengthening during the last four hours. A steady decline in price levels can be seen on the charts as the price has been following a bearish movement for the last 48 hours. The Bollinger bands indicator average has decreased to $45.5, whereas the upper Bollinger band is showing a $48.4 reading, and the lower band is showing a $42.5 reading, representing high volatility range for SOL. The RSI curve is headed downwards at index 41, as the bearish pressure seems immense. Solana price analysis conclusion The Solana price analysis report shows a downward movement in price has been observed during the last 24 hours, which is a continuation of the bearish trend. The price has dropped down to the $42.8 level because of the constant downtrend that has been following for the past few days and seems to be intensifying today. The price might go lower in the coming hours as the last candlestick on the four hours price chart is also red, and the RSI curve is also steeply downwards.

    Solana price analysis: SOL to retest $42.5 support as bearish momentum follows
    August 16, 2022 News
  • Polkadot price analysis: DOT price slips to the $8 range as bears maintain the downtrend

    Polkadot price analysis: DOT price slips to the $8 range as bears maintain the downtrend
    August 16, 2022 News
  • Polkadot price analysis: DOT resurges to $9.20, consolidation below $10 continues

    Polkadot price analysis: DOT resurges to $9.20, consolidation below $10 continues
    August 15, 2022 News
  • Aave price analysis: Bullish trend marks price movement above $112

    Aave price analysis: Bullish trend marks price movement above $112
    August 14, 2022 News
  • Solana price analysis: SOL price overtops $47 as bulls gain strength

    Solana price analysis: SOL price overtops $47 as bulls gain strength
    August 14, 2022 News
  • Solana price analysis: SOL price surges by 11 percent as it hits $47

    Solana price analysis: SOL price surges by 11 percent as it hits $47
    August 13, 2022 News
  • Polkadot price analysis: DOT to retest $9.87 resistance as bulls strive for the lead

    Polkadot price analysis: DOT to retest $9.87 resistance as bulls strive for the lead
    August 13, 2022 News
  • Solana price analysis: price levels increase to the $43 range as bulls maintain their lead

    Solana price analysis: price levels increase to the $43 range as bulls maintain their lead
    August 12, 2022 News
  • Polkadot price analysis: DOT retraces at $9.48, after rallying high yesterday

    Polkadot price analysis: DOT retraces at $9.48, after rallying high yesterday
    August 11, 2022 News
  • Polkadot price analysis: DOT to retest support at $8.61, as bears extend the downtrend

    Polkadot price analysis: DOT to retest support at $8.61, as bears extend the downtrend
    August 10, 2022 News
  • Polkadot price analysis: DOT faces resistance at $9.27, just shying away from $10

    Polkadot price analysis: DOT faces resistance at $9.27, just shying away from $10
    August 9, 2022 News
  • Solana price analysis: SOL price spikes to $42.4 as bullish momentum intensifies

    Solana price analysis: SOL price spikes to $42.4 as bullish momentum intensifies
    August 8, 2022 News
  • Polkadot price analysis: Bulls reclaim $8.79 position after the latest upturn

    Polkadot price analysis: Bulls reclaim $8.79 position after the latest upturn
    August 8, 2022 News
  • Polkadot price analysis: DOT fluctuates at $8.5. Ready to move lower?

    Polkadot price analysis: DOT fluctuates at $8.5. Ready to move lower?
    August 7, 2022 News
  • Solana price analysis: Bulls unable to uplift SOL above $40.5 as the price starts moving sideways

    Solana price analysis: Bulls unable to uplift SOL above $40.5 as the price starts moving sideways
    August 6, 2022 News
  • Solana price analysis: Price rears $40 as the bulls arrive for support

    Solana price analysis: Price rears $40 as the bulls arrive for support
    August 5, 2022 News
  • Optimism price analysis: Op surges to $2.09, gaining 24 percent more

    Optimism price analysis: Op surges to $2.09, gaining 24 percent more
    August 4, 2022 News
  • Optimism price analysis: Op racing again as price hits $1.66, almost doubling its value in just one week

    Optimism price analysis: Op racing again as price hits $1.66, almost doubling its value in just one week
    August 3, 2022 News
  • Apecoin price analysis: APE rallies high to $7.27 as bulls mark 15 percent gains

    Apecoin price analysis: APE rallies high to $7.27 as bulls mark 15 percent gains
    August 3, 2022 News
  • Cardano price analysis: ADA steps down to $0.495 as bears gain momentum

    Cardano price analysis: ADA steps down to $0.495 as bears gain momentum
    August 2, 2022 News