indicates bullish momentum
Over the past 24 hours, the Solana price (SOL) has risen by up to 5%, and technical indicators suggest a bullish rally that could greatly benefit the crypto asset this month. In the last month, Solana has shown positive growth, increasing by more than 21.85%, according to CoinMarketCap.
At the time of writing, the asset is trading at $167.60, and there are expectations for it to exceed the $200 mark, with potential for further growth from there.
Therefore, if Solana's value surpasses the $180 resistance level, it could indicate a renewed bullish trend, potentially driving the cryptocurrency towards the $185 mark. Sustaining this level might pave the way for further movement towards the $200 resistance threshold.
Conversely, a reversal in trend could lead to a decline in SOL value to the $155 support level. Continued dominance by sellers could push the price towards a lower support zone at $125, signaling a potential bearish phase in the market.
The Relative Strength Index (RSI) currently indicates bullish momentum, with a reading of 62.02. It is also trading above the 20-day and 50-day Exponential Moving Average (EMA), highlighting its bullish potential.
At the time of writing, the asset is trading at $167.60, and there are expectations for it to exceed the $200 mark, with potential for further growth from there.
Therefore, if Solana's value surpasses the $180 resistance level, it could indicate a renewed bullish trend, potentially driving the cryptocurrency towards the $185 mark. Sustaining this level might pave the way for further movement towards the $200 resistance threshold.
Conversely, a reversal in trend could lead to a decline in SOL value to the $155 support level. Continued dominance by sellers could push the price towards a lower support zone at $125, signaling a potential bearish phase in the market.
The Relative Strength Index (RSI) currently indicates bullish momentum, with a reading of 62.02. It is also trading above the 20-day and 50-day Exponential Moving Average (EMA), highlighting its bullish potential.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.