{"id":647,"date":"2021-11-18T18:39:24","date_gmt":"2021-11-18T18:39:24","guid":{"rendered":"https:\/\/egrowonline.com\/?p=647"},"modified":"2021-11-18T18:39:24","modified_gmt":"2021-11-18T18:39:24","slug":"solana-chainlink-ethereum-classic-price-analysis-18-november","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=647","title":{"rendered":"Solana, Chainlink, Ethereum Classic Price Analysis: 18 November"},"content":{"rendered":"


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The broader market nonetheless struggled to get better from the dynamic flip in the direction of the bearish facet.\u00a0<\/span><\/p>\n

The bulls dwindled because the bears initiated a heightened sell-off at rising buying and selling volumes. As a consequence, altcoins like Solana and Chainlink hit their weekly lows on 18 November.\u00a0<\/span>Furthermore, Ethereum Traditional famous double-digit losses after hanging its ten-week excessive on 9 November. Unnecessary to level, the near-term technicals of those cryptos exhibited a bearish inclination.\u00a0<\/span><\/p>\n

Solana (SOL)<\/span><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Supply: TradingView, SOL\/USD<\/p>\n<\/div>\n

SOL was on a patterned incline between the parallel channels over the previous 5 weeks. The Good Contract platform\u2019s native token recorded an infinite 85% ROI from 12 October till 6 November. Consequently, the value struck its ATH on the $259-mark on 6 November.\u00a0<\/span><\/p>\n

Nonetheless, since then, SOL has been on a withdrawal as the value descended between parallel channels. This downfall famous an 18.9 % decline and breached the northern development. Additional, the bulls even failed to point out resistance on the $215-mark as bears accelerated their vigor.\u00a0<\/span><\/p>\n

At press time, SOL traded at its two-week low at $207.95.<\/span><\/p>\n

The\u00a0<\/span>RSI\u00a0<\/span><\/strong>was on a agency downtrend since early November and stood on the 32-mark. This studying convincingly selected the bearish facet. Additionally, the <\/span>DMI\u00a0<\/span><\/strong>reaffirms the one-sided promoting affect.\u00a0<\/span><\/p>\n

Chainlink (LINK)<\/span><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Supply: TradingView, LINK\/USDT<\/p>\n<\/div>\n

Since 12 October, the altcoin undertook a bullish trajectory by wavering between parallel channels. Ethereum-based LINK registered a monstrous 62.08% ROI from 12 October to 10 November. Because of this, it reached its almost six-month excessive on 10 November at $38.31.<\/span><\/p>\n

Nonetheless, the bears immediately challenged this achievement as the value reversed under the decrease channel after breaching a number of help ranges. After a large sell-off, LINK declined by 26.3% over the subsequent eight days. If the bearish rally sustains, they intention to push speedy help on the $23-mark.<\/span><\/p>\n

At press time, LINK traded close to its one-month low at $27.97. The <\/span>RSI\u00a0<\/span><\/strong>was deep into the oversold area after a gentle downtrend. Additional, the\u00a0<\/span>DMI\u00a0<\/span><\/strong>and\u00a0<\/span>AO<\/span><\/strong>\u00a0corresponded with the fixed improve in bearish energy.\u00a0<\/span><\/p>\n

Ethereum Traditional (ETC)<\/span><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Supply: TradingView, ETC\/USDT<\/p>\n<\/div>\n

Over the previous ten weeks, ETC oscillated across the bounds of the $44 and $60-mark. After touching its 14-week low on 27 October, the value motion bounced again between that vary. The bulls accelerated the value by 39.6% to poke its ten-week excessive on 9 November at $65.31.\u00a0\u00a0<\/span><\/p>\n

Nonetheless, since then, the bulls have misplaced their edge. The worth declined by 26.76% to the touch its three-week low on 16 November. Afterwhich, the bulls tried a revival however couldn’t again it up with excessive buying and selling volumes. <\/span>Additionally, the near-term indicators complemented the evaluation by suggesting a bearish desire.<\/span><\/p>\n

At press time, ETC traded at $49.43. <\/span>The\u00a0<\/span>RSI\u00a0<\/span><\/strong>was across the oversold territory and didn’t present revival indicators. Moreover, the <\/span>DMI\u00a0<\/span><\/strong>and\u00a0<\/span>AO<\/span><\/strong>\u00a0resonated with the elevated bearish vigor.<\/span><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The broader market nonetheless struggled to get better from the dynamic flip in the direction of the bearish facet.\u00a0 The bulls dwindled because the bears initiated a heightened sell-off at rising buying and selling volumes. As a consequence, altcoins like Solana and Chainlink hit their weekly lows on 18 November.\u00a0Furthermore, Ethereum Traditional famous double-digit losses […]<\/p>\n","protected":false},"author":1,"featured_media":648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[14,681,682,158,314,195,84],"class_list":["post-647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-analysis","tag-chainlink","tag-classic","tag-ethereum","tag-november","tag-price","tag-solana"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/bear-market-g13b5690eb_1280-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=647"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/647\/revisions"}],"predecessor-version":[{"id":649,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/647\/revisions\/649"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/648"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=647"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}