Solana Holds above $26 as It Resumes It’s Ascent

Key Highlights
Solana rebounds as it breaks above the overhead resistance at $26
The altcoin reaches a new high of $32.50


Solana ( SOL) Current Statistics
The current price: $28.10
Market Capitalization: $15,454,365,927
Trading Volume: $918,209,688
Major supply zones: $60, $80,$100
Major demand zones: $50, $30, $10

Solana (Sol) Price Price Long-Term Prediction: Bullish
Solana’s (SOL) price has surpassed and crossed over the $26 overhead resistance as it resumes it’s ascent. When the market reaches a high of $28, the $26 support remains. The price indicator forecasts that if the positive momentum continues, Solana would rise even more, reaching a high of $50.

The cryptocurrency asset is currently trading in the market’s overbought zone. As the market approaches overbought territory, it is unlikely that the currency will continue to rise. If Solana experiences rejection in the overbought area, which is the worst-case scenario, it will rise beyond the $26 breakthrough level.

Solana (SOL) Price Indicator Analysis
Solana continues to rise above the $26 overhead resistance. As a result, Solana has reached a Relative Strength Index level of 84 for period 14. As the price bars are well above the moving average lines, the crypto asset has continued to grow. The altcoin is currently bullish above level 60 of the daily Stochastic.

What Is the Next Move for Solana (SOL)?
Solana breaks above the $26 overhead resistance as it resumes it’s ascent. Since January 14, the altcoin had been in a sideways trend. However, on July 13, the altcoin resumed its upward trajectory, breaking the sideways pattern. Despite this, bullish momentum has been maintained above the current high.

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