Solana’s Price Remains Stable as It Continues Its Range Above $130

Azeez Mustapha

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Key Highlights
Solana challenges the barrier at $155
The altcoin is range-bound between the moving average lines


Solana (SOL) Current Statistics
The current price: $140.83
Market Capitalization: $81,658,173,787
Trading Volume: $2,037,189,032
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60

Solana (SOL) Price Long-Term Prediction: Bullish
Solana’s (SOL) price has been stuck between the moving average lines as it continues its range above $130. The altcoin is trading above the 21-day SMA but below the 50-day SMA. The bears broke the 21-day SMA twice, but bulls bought the dips and brought the price back above the 21-day SMA. On the upside, resistance at $155 or the 50-day SMA has slowed the upward momentum.

Solana will rise to a high of $188 once the 50-day SMA is crossed. Today’s price bars are lingering above the 21-day SMA, but bears are retesting it to see if the slide will resume. Solana will either fall to its low of $136 or remain caught between the moving averages.

Solana Remains inside a Range and Hits the Hurdle at $155
SOL/USD – Daily Chart

Solana (SOL) Price Indicator Analysis 
The moving average lines have significantly limited price movement. In other words, the altcoin’s price ranges from $140 to $155. The price movement will remain marginal due to the constriction of the moving average lines.

What Is the Next Move for Solana (SOL)?
On the 4-hour chart, Solana trades in a close range as it continues its range above $130. The upward movement has been slowed by opposition at $146. On the daily chart, the altcoin will continue to bounce for a few days due to the $155 barrier. The crypto signal is range-bound because it is confined between the moving average lines.

Solana Remains inside a Range and Hits the Hurdle at $155
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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