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Solana Trades at $104.45 Below 20- and 50-Day Moving Averages

Solana Trades at $104.45 Below 20- and 50-Day Moving Averages

Photo: TokenPost

Solana (SOL) traded at $104.45 Tuesday, below its 20-day and 50-day simple moving averages, as October scenarios identified a possible $100 support test and a $110 monthly target. At 8:55 a.m. ET (12:55 UTC) on Oct. 20, SOL was down 0.65% over 24 hours. It traded between $103.60 and $105.40 during that period. A daily chart reading at 8:44 a.m. ET (12:44 UTC) placed the 20-day simple moving average at $111.00 and the 50-day average at $109.46. Both were above SOL’s price, with $110 between them. The $100 level is a possible support test in one October scenario.

Source: TokenPost

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