Solana Moves Sideways as It Attempts the Barrier at $20.50

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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 (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.

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