Solana (SOL), Nov 9, 2022

Crypto · 60 daily candles up to Nov 8, 2022

SOL daily candles before 2022-11-09; the event day is hidden40.9333.2525.5617.88

Did SOL close higher or lower on Nov 9, 2022?

Compared with the previous close. The hidden candle is the dashed box.

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SOL daily candles around 2022-11-09, with the event day highlighted41.7030.9320.159.38

SOL closed down 42.25% at 14.08.

The hidden day

Over the prior 20 sessions it lost 15.5%, and RSI(14) sat near 35 (neutral).

Opening gap
0.00%
Day range
49.26%
Volume vs 50-day avg
10.5×

What happened next

Next session
+25.43%
5 sessions later
-0.57%
20 sessions later
-5.26%

Measured from the event-day close.

Background

The day Binance abandoned its FTX rescue. Solana, heavily backed by FTX founder Sam Bankman-Fried, was among the hardest-hit major coins.

Source: CNBC — Cryptocurrencies pressured as investors digest FTX fallout

Patterns in this case

What you can see before the call

Last visible close
24.38
20-session trend
-15.5%
RSI (14)
35
vs 50-day SMA
-22.8%
vs 200-day SMA
-41.2%
vs 52-week high
-83.0%

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Keep practicing

Historical practice only. Past price moves say nothing certain about the next one, and nothing here is investment advice.