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Key Highlights
Solana has broken above the moving average
The altcoin is expected to reach the high of $22
Solana ( SOL) Current Statistics
The current price: $19.07
Market Capitalization: $10,499,709,738
Trading Volume: $8B
Major supply zones: $60, $80,$100
Major demand zones: $50, $30, $10
Solana (Sol) Price Price Long-Term Prediction: Bearish
The price of Solana (SOL) has broken the resistance at $17 and the moving average lines as it aims for the prior high of $22 . If the current upward momentum continues, the crypto asset will reach a high of $22.
The altcoin is currently trading at $19 at the time of writing. On the plus side, purchasers have kept the price above the moving average lines, indicating that the crypto will continue to rise. If Solana finds support above the moving average lines, it will surge to a high of $22.
Nonetheless, if the price goes below the moving average lines, the upward trend may come to an end. The altcoin will drop to its prior low or return to its previous price range of $14 to $17.
Solana (SOL) Price Indicator Analysis
The cryptocurrency is increasing, reaching level 57 of the Relative Strength Index. Solana has the potential to rise as it approaches the bullish trend zone. As long as the price bars are above the moving average lines, the cryptocurrency will rise.
The crypto asset is rising over level 60 of the daily Stochastic.
What Is the Next Move for Solana (SOL)?
Solana’s bullish momentum has continued as it aims for the prior high of $22. The price bars have held above the moving average lines, indicating that the coin will continue to increase. On the plus side, the altcoin is currently facing initial resistance above $20.
If the present barrier is broken, the altcoin will reach a high of $22.
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