Solana Price Prediction for Today, April 11: SOL/USD Approaches $25 Level

The Solana price prediction is slightly bullish as the market gets ready to push the coin above the upper boundary of the channel.

Solana Prediction Statistics Data:

• Solana price now – $22.35
• Solana market cap – $8.7 billion
• Solana circulating supply – 391.6 million
• Solana total supply – 539.3 million
• Solana Coinmarketcap ranking – #10

SOL/USD Market

Key Levels:

Resistance levels: $27, $29, $31

Support levels: $17, $15, $13

SOL/USD has been moving sideways since a few weeks ago but gained by 6.94% during the negotiation today. Looking at the daily chart, the Solana (SOL) is now hovering above the 9-day and 21-day moving averages touching the daily high at $22.72. At the moment, bulls are trying to come back into the market with a push to the upside, which may head toward the resistance level of $25

Solana Price Prediction: Solana Price May Struggle Above $23

The Solana price is likely to head toward the upper boundary of the channel as the coin begins a slight increase above the opening of today’s trading at $20.91. In the meantime, the Solana (SOL) may need to cross above the $23 resistance level before deciding on the next direction.

Moreover, should in case the price break above the channel, the resistance levels of $27, $29, and $31 could be reached. Meanwhile, any bearish slide toward the lower boundary of the channel may hit the supports at $17 and $15, and $13 while the Relative Strength Index (14) begins a journey to cross above the 60-level.

When compares with Bitcoin, the Solana price is currently changing hands at 7428 SAT and it’s like to cross above the 9-day and 21-day moving averages. However, if the coin crosses above this barrier, the Solana price could face additional resistance toward the upper boundary of the channel to hit the resistance level of 8500 SAT and above.

In the meantime, if the bears bring the price below the lower boundary of the channel, the market may begin a downtrend and a further bearish move could touch the support level of 6200 SAT and below while the signal line of the Relative Strength Index (14) moves to cross above the 40-level, suggesting bullish movement.

Solana Alternatives

The Solana price is currently above the 9-day and 21-day moving averages as the coin gets ready for the upside. However, if the bulls begin the upward trend, SOL/USD may likely cross above the upper boundary of the channel but buyers may need to keep the coin above the moving averages. Nevertheless, the Love Hate Inu (LHINU) token gives you the ability to share your opinions in a vibrant community. Therefore, the presale is ongoing and time is running out as almost $4 million has been raised so far.

Read more: 

• Ripple Price Prediction: XRP/USD Consolidates Above the $0.250 Level
• Bitcoin (BTC) Price Prediction: BTC/USD Slumps To $47,500 Low, Resumes Downward Correction