Solana is stable above $120 as it continues its sideways move

Key Highlights

Solana trades at the bottom of the chart
The crypto asset holds above the current support at $120

Solana (SOL) Current Statistics

The current price: $135.72
Market Capitalization: $79,290,563,683
Trading Volume: $1,560,249,447
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60

Solana (SOL) Price Long-Term Prediction: Ranging

Solana’s (SOL) price is declining as it continues its sideways move. On September 6, the cryptocurrency fell to a low of $120 before pulling back. The altcoin trades above the $120 support but below the moving average lines. Today, the upward trend was reversed as Solana fell below the moving average lines.

The cryptocurrency asset will fall when it deviates from the moving average lines. On the negative, Solana will fall more if the bears break below the present support at $120. The altcoin will test the prior low of $109. The altcoin is worth $135 as of this writing.

Solana (SOL) Price Indicator Analysis 

Solana price bars are below the moving average lines but are resisted by the 21-day SMA. On the 4-hour chart, the price bars are above the moving averages. The price bars are stuck below the $139 barrier level.

What Is the Next Move for Solana (SOL)?

Solana is trading in a bearish trend zone as it continues its sideways move. The altcoin is trading above the $120 support but below the moving average lines. The altcoin is trading at the bottom of the chart and has restarted its upward trend. When the altcoin breaks above the moving averages, it will resume its upward trend. Bullishness in the coin will emerge if the current support holds.

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