Solana Maintains Its Bullish Rise as It Stays Sideways Above $51
Login

Solana Maintains Its Bullish Rise as It Stays Sideways Above $51

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Highlights
Solana is in a range between $51 and $62
Solana is overbought

Solana (SOL) Current Statistics
The current price: $60.92
Market Capitalization: $34,349,177,196
Trading Volume: $1,302,995,021
Major supply zones: $60, $70, $80
Major demand zones: $20, $10, $5

Solana (SOL) Price Long-Term Prediction: Ranging
The upswing in Solana (SOL) has ended as it stays sideways above $51. The upward movement is limited below the $62 high, although it is above the 21-day simple moving average. The current peak price of $68 is the May 11 historical price level.

The cryptocurrency will move up to the next resistance level, which is $95 per coin, if buyers manage to keep the price above the previous high. Nonetheless, the 21-day SMA is preventing the present price level from falling further.

The $51 support level is where Solana will drop if the bears break through the 21-day SMA. Later, selling pressure will increase to a low above the 50-day simple moving average.

Solana Maintains Its Bullish Rise as It Stays Sideways Above $51
SOL/USD – Daily Chart

Solana (SOL) Price Indicator Analysis
Solana could fall because the price bars are close to and above the moving average lines. Buyers have defended the 21-day SMA support as the coin remains sideways above the moving average lines. Doji candlesticks have limited the amount of price movement.

What Is the Next Move for Solana (SOL)?
SOL/USD has been trading in a range between $51 and $62 on the 4-hour chart as it stays sideways above $51. Since November 29, the cryptocurrency’s price has fluctuated below the $62 barrier mark. Buyers were unable to maintain their bullish momentum due to the limitations of the Doji candlesticks.

For example, if the resistance is broken, SOL will rise above the $68 high.

Solana Maintains Its Bullish Rise as It Stays Sideways Above
SOL/USD – 4 Hour Chart

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News