Solana Oscillates but Remains Stable above the $95 Support
Login

Solana Oscillates but Remains Stable above the $95 Support

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

Azeez Mustapha

Updated:

Key Highlights
Solana holds above the $95 support
Solana has resumed a sideways move

Solana (SOL) Current Statistics
The current price: $96.49
Market Capitalization: $54,891,727,905
Trading Volume: $1,532,342,121
Major supply zones: $80, $90, $100
Major demand zones: $40, $30, $20

Solana (SOL) Price Long-Term Prediction: Bearish
Solana’s (SOL) price has fallen and remained between the moving average lines but remains stable above $95 support. For the past 48 hours, the cryptocurrency has been caught between two moving average lines.

Today, the bears are attempting to renew selling pressure by retesting the 21-day SMA. If the bears breach the 21-day SMA, the altcoin will resume selling pressure and return to its current support level of $85.00.

On the upside, Solana’s bullish ascent will resume if it rebounds above the present support level of $95. Consequently, the altcoin will recover its bullish momentum and overcome its present limitation. The positive momentum will continue till the previous high of $107.

Solana Oscillates but Remains Stable above $95 Support
SOL/USD – Daily Chart

Solana (SOL) Price Indicator Analysis
Solana has been oscillating for the past three days, with price bars between the moving average lines. When the moving averages are breached, the altcoin will trend. On the 4-hour chart, the horizontal sloping moving average lines are above the price bars, indicating a potential decline.

What Is the Next Move for Solana (SOL)?
The current restriction on Solana has kept prices to remain stable above $95 support. In addition, Doji candlesticks have limited price movement. The crypto signals have been range-bound for the past three days due to the altcoin’s proximity to the moving average lines.

Furthermore, traders’ lack of interest in the market’s direction has caused altcoin to remain range-bound.

Solana Oscillates but Remains Stable above $95 Support
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