Solana Holds above Current Support as It Aims At the $76 High

Key Highlights
Solana rallies to the $64 high
The altcoin is in a range between $54 and $64

Solana (SOL) Current Statistics
The current price: $60.00
Market Capitalization: $33,729,965,816
Trading Volume: $4,703,507,461
Major supply zones: $60, $70,$80
Major demand zones: $20, $10, $5

Solana (Sol) Price Long-Term Prediction: Bullish
The price of Solana (SOL) has remained positive above the $54 support as it aims at the $76 high. In other words, the cryptocurrency is currently trading between $54 and $64. The cryptocurrency asset has surpassed the historical price level of May 15, 2022.

SOL/USD has been trading below the $64 resistance level for the past 48 hours. With a breach of the current resistance level, the altcoin will soar to a peak of $76. On the other hand, the altcoin will decline if the bears breach below the $54 support.

Solana (SOL) Price Indicator Analysis
Solana’s price bars are northward and above the moving average lines. The 21-day SMA acts as a support line against which the altcoin bounces to resume the uptrend. When the price bars break below moving average lines the altcoin will resume selling pressure.

Currently, the market has reached an overbought condition.

What Is the Next Move for Solana (SOL)?
The uptrend of the crypto asset paused as it aimed the $76 high. Solana has bounced between $54 and $64 in the last 48 hours as buyers recoup for a possible upward movement. The market’s direction is currently undetermined as buyers and sellers continue their price possession.

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