Solana Price Prediction for Today, June 4: SOL/USD Touches $22.30 Level

Updated: 21 June 2023

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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 – $22.27
Solana market cap – $8.8 billion
Solana circulating supply – 396.9 million
Solana total supply – 549.2 million
Solana Coinmarketcap ranking – #9

SOL/USD Market

Key Levels:

Resistance levels: $26, $28, $30

Support levels: $17, $15, $13

Solana Price Prediction for Today, June 4: SOL/USD Touches $22.30 Level — SOLUSD – Daily Chart

SOL/USD has been moving sideways since a few weeks ago but gained by 5.10% 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 $22.30. 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 $24

Solana Price Prediction: SOL/USD May Cross 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 $21.20. 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 $26, $28, and $30 could be reached. Meanwhile, any bearish slide below the lower boundary of the channel may hit the supports at $17 and $15, and $13 while the Relative Strength Index (14) crosses above the 60-level.

When compares with Bitcoin, the Solana price is currently changing hands at 8165 SAT 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 9000 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 7000 SAT and below while the signal line of the Relative Strength Index (14) moves to cross above the 70-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 channel which could touch the resistance level of $28. Meanwhile, through this tokenomics setup, Wall Street Memes’ team looks to ensure that the community holds all the power – and this is reinforced by the fact that there hasn’t been any private sale before the presale commenced. The presale is ongoing and close to $4 million has been raised so far.

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