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

Solana is currently trading at $83.66. The price is back in the area where its August rally started. The fall in Solana's price that we are witnessing now is not a normal correction. The price has lost more than 30% of its value since September, when it traded at $125. Usually, corrections stop at around 10% for volatile assets, including cryptocurrencies. Here, the situation is different. By the end of October, Solana dropped below the black moving average on the chart, which represents the 200-day moving average, suggesting a long-term change of direction. The short-term moving averages crossing below the longer-term ones suggest the bearish trend is getting worse. The upcoming support is at approximately $80, with a lower support at $72-$78.

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