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Key Highlights
Solana is in a narrow range above $127
The crypto surges to $140 high
Solana (SOL) Current Statistics
The current price: $140.31
Market Capitalization: $80,925,064,052
Trading Volume: $3,324,681,342
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60
Solana (SOL) Price Long-Term Prediction: Bearish
The price of Solana (SOL) has been stable at $127 but rises within a little range below $141. The altcoin is currently trading above the $127 support and below the moving average lines or resistance at $160. The 21-day SMA is providing resistance to Solana’s upward surge.
A bullish trend will commence if the altcoin recovers and breaks above the 21-day SMA. The cryptocurrency will move up to the 50-day SMA. A break above the 50-day SMA will push the altcoin to its prior high of $200. On the other side, SOL/USD will fall if the existing support is breached. The altcoin will test its prior low of $115.
Solana (SOL) Price Indicator Analysis
Solana’s moving average lines are horizontal, and the price bars are below them. The 21-day SMA serves as the resistance line for the price bars. Solana is rising since the price bars are higher than the moving average lines. The altcoin is likely to encounter some resistance. The price bars are distinguished by Doji candlesticks, which slow price movement.
What Is the Next Move for Solana (SOL)?
Solana is undergoing an upward correction as it rises within a little range below $141.The cryptocurrency price has surged and is now testing the 21-day SMA. The altcoin’s upward movement has been limited to a narrow range, perhaps leading to a price rebound or breakdown.
The crypto signal is currently range bound because the crypto is still inside a certain range.
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