Solana Maintains Its Sideways Movement below $152

Key Highlights

Solana’s price is stuck at $152
The crypto asset regains a bullish trend

Solana (SOL) Current Statistics

The current price: $146.25
Market Capitalization: $85,532,659,976
Trading Volume: $1,994,496,785
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60

Solana (SOL) Price Long-Term Prediction: Bullish

Solana’s (SOL) price is on an uptrend but maintains its sideways movement below $152. The crypto asset remains in a horizontal trend, but it is correcting higher. The uptrend has halted at $152 but has retraced above the moving average lines. For the past 48 hours, the altcoin has traded above the moving average lines but below the resistance level of $152.

On the September 14 upswing, a retraced candle body tested the 50% Fibonacci retracement level. The retracement means that Solana will continue to increase to the level 2.0 Fibonacci extension, or $160.06. On the upside, Solana will surge above the $160 high if the $152 barrier is broken.

Solana (SOL) Price Indicator Analysis 

Solana’s price bars are above the moving average lines following the breakout on September 19. The altcoin will rise as long as the 50-day SMA support holds but the bullish trend is facing resistance at $152. On the 4-hour chart, the moving average lines have a bullish crossing indicating the rise of the cryptocurrency.

What Is the Next Move for Solana (SOL)?

On the 4-hour chart, Solana’s price has been repelled but maintains its sideways movement below $152. The cryptocurrency price is oscillating above the $140 support but below the $152 resistance level. Buyers have resumed their upward movement, breaking above the 21-day SMA. The cryptocurrency price is consolidating above the moving average lines as buyers recover. The crypto signal is good, as the altcoin remains above the moving average lines.

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