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The Solana price prediction reveals that SOL may follow the bullish movement as the coin hovers around the $32.2 resistance level.
Solana Prediction Statistics Data:
- Solana price now – $32.2
- Solana market cap – $11.2 billion
- Solana circulating supply – 349.5 million
- Solana total supply – 511.6 million
- Solana Coinmarketcap ranking – #9
SOL/USD Market
Key Levels:
Resistance levels: $40, $45, $50
Support levels: $25, $20, $15
Your capital is at risk
SOL/USD is likely to touch the nearest resistance level of $35 as the coin heads to the upside. However, traders can see that this crypto is moving bullishly as it is trying to create a new trend. The Solana price is currently trading at $32.2 after touching the daily high at $32.97 but has yet to cross above the 9-day and 21-day moving averages.
Solana Gets Ready for the Upward Movement, Buyers prefer Tamadoge
The Solana price is beginning to create a new trend and a break above the resistance level of $35 could encourage more buyers to increase their entries, which could later push the price towards the resistance levels of $40, $45, and $50. On the downside, any bearish movement below the lower boundary of the channel could gain traction with the next focus at $30 support.
Moreover, if the above mentioned-support is broken, the downside pressure may increase while the next support may be located at $25, $20, and $15. The technical indicator Relative Strength Index (14) confirms the bullish movement as the signal line moves to cross above the 40-level.
Against Bitcoin, the Solana price is likely to cross above the 9-day moving average. Meanwhile, a daily close above this barrier could encourage the bulls to extend the rally towards 1800 SAT and above. In other words, a close below the lower boundary of the channel could reverse the Solana price direction towards the daily support at 1500 SAT.
However, any further bearish movement could take the coin to the support of 1400 SAT and below. Meanwhile, there is a possibility that the crypto may begin the bullish trend as the technical indicator Relative Strength Index (14) moves to cross above the 40-level with the signal line facing up to indicate bullish movement.
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