The price of Solana (SOL) has risen above $100 and is broken beyond the 21-day SMA barrier.
Sol Price Long-term forecast: Bearish
On a positive note, Solana prices may continue to rise to 50-day SMA highs. Altcoin will rise to a $150 high when it beats the 50-day SMA.
However, if rejected by a 50-day SMA, Sol will get stuck between the moving average lines.
Meanwhile, Altcoin falls down and breaks 21 days of SMA support, which goes beyond $110 support. Solana is worth $129 at the time of this writing.
Sol Price Indicator Analysis
Cryptocurrency prices gather between moving averages. The price of the SOL is below 50 days of SMA resistance and exceeds 21 days of SMA support. If Altcoin is rejected in a 50-day SMA, you will be forced to move within range. Solana needs to rise as the price bar is above the moving average line. The uptrend meets resistance up to $132.
Technical indicators
Key Supply Zones: $220, $240, $260
Major Demand Zones: $140, $120, $100
What will Solana move next?
The Solana price is above $100 and below the moving average line. The Bulls consistently support $100. The value of cryptocurrency is rising as it approaches the $132 level. Altcoin must move within a certain range if categorized from the top of $132.
Disclaimer. This analysis and prediction is the author’s personal opinion. They do not recommend buying and selling cryptocurrencies and should not be considered as approval by coinidol.com. Readers should do research before investing in funds.
