Solana Rises and Pauses at $210

Key Highlights

LTC price battles the $210 barrier
The altcoin continues its sideways trend

Solana (SOL) Current Statistics

The current price: $204.18
Market Capitalization: $111,065,298,144.81
Trading Volume: $11,290,137,998.28
Major supply zones: $220, $240, $260
Major demand zones: $120, $100, $80

Solana (SOL) Price Long-Term Prediction: Bullish

Solana price continues to rise but pauses at $210. Since July 22, buyers have regularly pushed the price to the $210 resistance level, but they have been repelled three times. This will be the fourth time since July 22 that the altcoin has approached the $210 barrier. If the positive momentum continues, Solana will soar to the next resistance level of $263.

However, continued upward movement of the cryptocurrency is uncertain, as the altcoin risks rejection at its recent high. The cryptocurrency will decrease and remain in a range-bound movement between $160 and $210, failing to break the $210 barrier. As of this writing, Solana is worth $209.

Solana (SOL) Price Indicator Analysis

The price bars are above the moving average lines, indicating that the altcoin is still trending sideways below its previous high. The long candlestick wicks near the $210 boundaries suggest that there was significant selling pressure at the most recent top. The moving average lines are sloping upward but remain below the $210 threshold.

What Is the Next Move for Solana (SOL)?

Solana is moving upward but pauses at $210. Today, the altcoin reached a high of $212 before retreating. This has been the price action since August 14. The cryptocurrency price is currently trading between the 21-day SMA support and the resistance at $210. The crypto signal is range-bound due to the $210 barrier.

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