Solana’s Price Rises but Remains Above $150

Key Highlights

Solana rallies to the high of $152 
Solana has begun its bullish ascent

Solana (SOL) Current Statistics

The current price: $152.01
Market Capitalization: $78,649,307,251.09
Trading Volume: $5,110,724,870.72
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60

Solana (SOL) Price Long-Term Prediction: Bullish

The price of Solana (SOL) has now broken above the moving average lines but remains above $150. The altcoin traded between the moving average lines for days before breaking above the 50-day SMA. The price of cryptocurrency reached $151 at its peak. The altcoin is approaching the next resistance level at $153. On March 6, Solana was unable to surpass the $153 threshold. Positively, if buyers are successful, the altcoin will reach a peak of $181.

Solana will be range-bound above the moving average lines but below the resistance at $153 if the altcoin turns down from the recent high. In the meanwhile, Solana has stopped below the most recent peak.

Solana (SOL) Price Indicator Analysis 

Solana has regained its bullish momentum, as evidenced by the price bars above the moving average lines. The 4-hour chart’s moving average lines have been rising in a positive manner since April 12. It displays the bullish signal for the cryptocurrency’s ascent. The increasing slope of the moving average lines indicates an upward trend.

What Is the Next Move for Solana (SOL)?

Solana’s price is above the moving average lines but remains above $150. On the 4-hour chart, the altcoin has surpassed its prior peak of $147. It is currently reaching the next resistance level at $153. The increasing trend has come to an end just below the most recent peak. If SOL fails to break through the $153 barrier, it will be forced to shift sideways. The crypto signal is currently good because the altcoin trades in the bullish trend zone.

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