Solana Is on the Rise as It Aims for the $270 High

key Highlights

Solana resumes its bullish ascent
The crypto asset targets the $270 high

Solana (SOL) Current Statistics

The current price: $207.96
Market Capitalization: $112,163,481,397.05
Trading Volume: $12,042,583,952.96
Major supply zones: $220, $240, $260
Major demand zones: $120, $100, $80

Solana (SOL) Price Long-Term Prediction: Bullish

Solana price is rising as it aims for the $270 high. The bulls bought the dips and drove the price above the moving average lines. The cryptocurrency soared to a high of $204 and dropped back. Buyers are attempting to reach the previous high of $206.On the upside, if buyers break the $206 barrier, Solana will rise to its prior high of $270.

If the altcoin falls from its current high, Solana will be compelled to trade in a narrow range between $160 and $205. The altcoin is trading above the moving average lines and below the $206 barrier. The altcoin is now trading at $202 as of this writing.

Solana (SOL) Price Indicator Analysis

The price bar is back above the moving average lines following the recent increase. The moving average lines are on an upward slope, and the 21-day SMA is above the 50-day SMA, indicating the uptrend. The altcoin is range-bound due to the Doji candlestick that characterizes the price activity.

What Is the Next Move for Solana (SOL)?

Solana has returned to its prior peak of $206 as it aims for the $270 high. The price has risen above the previous peak of $206 due to increased demand from buyers. Positively, the altcoin will rise to a high of $270 if the positive momentum continues. Nonetheless, the bullish trend will persist until the $295 top price. The bullish indication is positive as the bulls break the present resistance at $206.

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