Solana’s Bullish Rise Continues above $180

Key Highlights

Solana is stuck at the $190 high
Solana commences a sideways move

Solana (SOL) Current Statistics

The current price: $185.72
Market Capitalization: $100,044,692,775.96
Trading Volume: $3,577,535,573.25
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60

Solana (SOL) Price Long-Term Prediction: Bullish

Solana price breaks above the moving average lines and continues above $180. Buyers were unable to sustain the positive momentum above the $200 high. Buyers are aiming to push the altcoin to its previous high of $272. Meanwhile, the cryptocurrency has retraced and regained support above $175 low and the 21-day SMA. The cryptocurrency is oscillating above the moving average lines but below the $200 threshold.

Solana will resume a bullish trend if positive momentum is sustained above the $200 level. The current bullish trend will cease if the altcoin goes below the 21-day SMA support. Meanwhile, the upward momentum has stalled at the $190 high. Solana was trading at $187 at the time of writing.

Solana (SOL) Price Indicator Analysis 

The horizontal moving average lines are trending upward, consistent with the present rise. The Doji candlesticks are forming above the $180 support, indicating a potential bounce. The moving average lines are trending southward, indicating a bearish crossover on the 4-hour chart. The 21-day SMA is lower than the 50-day SMA, indicating a recent decrease on the 4-hour chart.

What Is the Next Move for Solana (SOL)?

On the daily chart, Solana continues above $180 and resumes consolidation above it. On the 4-hour chart, the cryptocurrency price is trading between $175 and $210 price levels. The cryptocurrency price has remained fixed in the middle of the price range. Solana has remained stationary thanks to the presence of Doji candlesticks. 

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