SOL and LINK Price Analysis for November 8

Most of the coins remain in the green zone; however, there are some exceptions to the rule, according to CoinStats.

SOL/USD

The rate of Solana (SOL) has risen by 1.64% since yesterday.

From the technical point of view, the rate of SOL is trading sideways as the price is in the middle of the channel, between the support of $38.41 and the resistance of $46.90.

As neither bulls nor bears have seized the initiative yet, consolidation in the area of $40-$45 is the more likely scenario for the next few days.

SOL is trading at $42.62 at press time.

LINK/USD

LINK is more of a gainer than SOL, rocketing by 7.22%.

Unlike SOL, the price of LINK keeps rising, setting new local peaks. If today’s bar closes near the $14 mark, the rise may continue to the nearest resistance area of $15. Such a scenario is relevant until mid-November.

LINK is trading at $13.68 at press time.

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