Solana Regains Strength as It Battles the Obstacle at $190

Azeez Mustapha


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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 Regains Strength as It Battles the Obstacle at $190
SOL/USD – Daily Chart

 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.

Solana Regains Strength as It Battles the Obstacle at $190
SOL/USD – 4 Hour Chart

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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