Solana (SOL) Current Statistics
The current price: $45.06
Market Capitalization: $23,067,261,898
Trading Volume: $23,067,261,898
Major supply zones: $100, $120, $140
Major Demand zones:$60,$40,$20
Solana (SOL) Price Analysis July 19, 2022
Solana’s (SOL) price is in an upward correction as it targets the $59 high. The altcoin rallied to the high of $45.16. It is retesting the resistance level of June 6. On the upside, if the bulls break the resistance level, the altcoin will further rise to the previous highs of $48.39 and $59.27. In the meantime, the altcoin is trading in the overbought region of the market. The cryptocurrency will decline above the moving average line if it faces rejection at the recent high. This will propel it to resume a fresh uptrend. However, the downtrend will resume if the price breaks below the moving average lines.
Solana (SOL) Technical Indicators Reading
Solana is at level 64 of the Relative Strength Index for period 14. It indicates that the altcoin is in the bullish trend zone and may further rise. The crypto’s price is above the 21-day line SMA and the 50-day line SMA indicating a possible rise of the cryptocurrency. Solana is below the 80% range of the daily stochastic. The market is fluctuating below and above the 80% range of the daily stochastic.
Conclusion
Solana’s price is in an uptrend as it targets the $59 high. The current uptrend has been stalled at the overbought region of the market. Further upward movement of the coin is unlikely.
You can purchase crypto coins here. Buy LBlock
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
- Zero commissions and no bank fees on transactions
- Around the clock service with support in 14 languages
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus