Solana Varies below the $220 Threshold

Key Highlights

Solana price battles the barrier at $220
The crypto asset is predicted to rise

Solana (SOL) Current Statistics

The current price: $202.84
Market Capitalization: $109,914,475,131.37
Trading Volume: $3,258,885,580.65
Major supply zones: $220, $240, $260
Major demand zones: $120, $100, $80

Solana (SOL) Price Long-Term Prediction: Bullish

Solana’s price varies below the $220 threshold, peaking at $218. The cryptocurrency asset has maintained its positive trend, retracing and finding support above the moving average lines. The price of cryptocurrency has been rising steadily, hitting both highs and lows. On the upside, the price indicator predicts SOL will reach the 2.618 Fibonacci extension, or a high of $331.

On the downside, the altcoin’s decline has paused above the $185 support level, with the price fluctuating below the $220 barrier. Solana will fall if the bears manage to breach below the 21-day SMA support. As of this writing, the altcoin is worth $202.

Solana (SOL) Price Indicator Analysis

The cryptocurrency price bars have held above the moving average lines as they have risen above the 21-day SMA support. Solana will rise as long as the cryptocurrency price stays above the moving average lines or the 21-day SMA key support. Meanwhile, the moving average lines on both charts are sloping upwards, indicating an uptrend.

What Is the Next Move for Solana (SOL)?

Solana maintains its upward trend but varies below the $220 threshold. On the 4-hour chart, the cryptocurrency price varies below and above the moving average lines. It is currently trading above the $196 support but below the resistance at $212. The crypto price remains above the moving average lines, indicating a bullish upward trend.

Make money without lifting your fingers: Start using a world-class auto trading solution.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment.