Solana Regains Strength as It Battles the Obstacle at $190

Key Highlights
Solana’s price resumes bullish ascent
The bulls battle the resistance at $190

  
 Solana (SOL) Current Statistics
The current price: $178.26
Market Capitalization: $102,752,623,228
Trading Volume: $3,785,481,298
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60

Solana (SOL) Price Long-Term Prediction: Bullish
Solana’s (SOL) price rises above the 50-day SMA as it battles the obstacle at $190. The altcoin is retreating as the bullish momentum was halted at the $190 resistance level. The current fall is predicted to hit a low of $166, or above the moving average lines.

Solana’s uptrend will resume if the price holds above the moving average lines. If bulls break support above $190, the altcoin might reach a high of $223. Meanwhile, the cryptocurrency is trading above the $170 support level.

 Solana (SOL) Price Indicator Analysis 
Solana is trading in the positive trend zone, with price bars above the moving average lines. The altcoin is undergoing a bullish crossing as the 21-day SMA crosses above the 50-day SMA, signaling a positive trend. The 21-day SMA is trending up and above the 50-day SMA, indicating an uptrend.

What Is the Next Move for Solana (SOL)?
Solana’s price approaches the previous highs as it battles the obstacle at $190. Currently, it is retracing in preparation for an upward trend. The retracement has come to an end above the $170 support level as the altcoin consolidates. Meanwhile, the crypto signal is positive as the price bars are above the moving average lines.

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