Solana Moves Sideways as It Attempts the Barrier at $20.50
Login

Solana Moves Sideways as It Attempts the Barrier at $20.50

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Highlights
Solana’s price battles the resistance at $20.50
Solana is trapped between the moving average lines

Solana (SOL) Current Statistics
The current price: $19.60
Market Capitalization: $10,936,833,645
Trading Volume: $95,301,184
Major supply zones: $60, $70,$80
Major demand zones: $20, $10, $5

Solana (Sol) Price Long-Term Prediction: Bearish
Solana’s (SOL) price is trading above the $19 support level as it attempts the barrier at $20.50 . The market is currently rising as it approaches the $22 high. The upward trend is likely to be met with resistance at the current high. On the plus side, if buyers break through the $20.50 resistance level, Solana will rise above the moving average lines.

The uptrend will continue to the highs of $22 and $25. However, if buyers fail to break through the current high, the altcoin will collapse. The crypto will have to move sideways between the moving average lines. The slide will resume if the coin retraces and breaks the $19 support.

Solana Moves Sideways as It Attempts the Barrier at $20.50
SOL/USD – Daily Chart

Solana (SOL) Price Indicator Analysis
Solana corrects upward as it reaches the Relative Strength Index level of 47. If the 50-day SMA is breached, the altcoin will resume its upward trend. The price bars of cryptocurrency are between the moving average lines, implying a sideways move when the moving average lines are unbroken. Solana has a bullish momentum over the daily Stochastic threshold of 40.

What Is the Next Move for Solana (SOL)?
Solana is rising despite being caught between the moving average lines as it attempts the barrier at $20.50 . If the 21-day and 50-day SMAs remain unbroken, the sideways movement may continue. The bullish trend, on the other hand, will restart if the price breaks above the 50-day SMA.

The bears will take over if the 21-day SMA is crossed.

Solana Moves Sideways as It Attempts the Barrier at $20.50
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