Solana’s Trend Halts as It Slips Below $25 Mark

Key Highlights
Solana is stuck at $25
The altcoin may decline to the range-bound zone.

Solana ( SOL) Current Statistics
The current price: $24.73
Market Capitalization: $13,727,940,488
Trading Volume: $252,635,592
Major supply zones: $60, $70,$80
Major demand zones: $30, $20, $10

Solana (Sol) Price Price Long-Term Prediction: Bullish
Solana’s (SOL) price rises above the 21-day simple moving average as it slips below the $25 mark. The increasing trend has come to a halt at the high of $25. Previously, the crypto asset was locked between the moving average lines.

The coin rebounded after three days of range-bound movement between the moving average lines. The altcoin is stuck at the high of $25, fluctuating below the resistance level. If the current resistance is broken, Solana will reach a high of $27.

The cryptocurrency will fall and return to its sideways trend if buyers are unable to break past the recent high. Solana’s price will fluctuate between $22 and $25. Meanwhile, the cryptocurrency’s price is swinging below the barrier level of $25.

Solana (SOL) Price Indicator Analysis
Solana is currently trading at a Relative Strength Index level of 57 for period 14, which is in the positive trend zone. Despite the pullback, the price bars are above the moving average lines. If the price retraces above the moving average lines, the uptrend will continue.

After hitting the resistance level of $25, the bullish impetus has slowed. The coin is retracing just below the resistance level.

What Is the Next Move for Solana (SOL)?
Solana’s price is locked as it slips below the $25 mark. Buyers have found it tough to penetrate the recent high for the past 48 hours. If buyers fail to break through the resistance level of $25, the crypto asset would fall.

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