Solana (SOL), Gram (GRAM), Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis for November 12: It Is a Bloodbath on the Market

Share

Solana (SOL) fell more than 30% from its September peak of $125 and was trading at $83.66, approaching a key support level around $80. If that level breaks, SOL could decline toward $70, while a surge in trading volume on November 10 confirmed the continuation of the downward trend. Gram (GRAM) rebounded 24% in three days to $1.244 following Pavel Durov’s announcement that Telegram users had created more than 700,000 Gram wallets in 48 hours, but faces strong resistance near $1.25. Hyperliquid (HYPE) lost about 14% over the week despite exchange listings and buybacks, remaining trapped between $70 and $73 with the 200-day exponential moving average near $68 as a potential support. Bitcoin (BTC) traded at $73,535, down 16% from its September peak, as spot Bitcoin ETFs recorded approximately $1.6 billion in outflows since the beginning of November.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items