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Solana Price Retest $34 Resistance Level, Tamadoge to Be Listed on OKX

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Buyers intensify their pressure in Solana market

Solana Price Analysis – September 25

In case Solana break up $34 resistance level, price may increase to the resistance level at $38 which may extend to $39. When the $34 resistance level holds, price may decrease to the support levels at $31, $28 and $25.

 SOL/USD Market

Key Levels:

Resistance levels: $34, $38, $39

Support levels: $31, $28, $25

 

SOL/USD Long-term Trend: Bullish

Solana is on bullish movement on the daily chart. Sellers could not intensify their pressure and the price could not withstand the barrier at the support level of $31. Solana increases, as the support level of $31holds. The price is currently facing and testing the resistance level of $34. Bullish trend may continue if the resistance level of $31 is broken upside. However, further price increase may not be possible.

Buyers are dominating the market as the price crossed the 9 periods EMA and 21 periods EMA upside. In case price break up $34 resistance level, price may increase to the resistance level at $38 which may extend to $39. When the $34 resistance level holds, price may decrease to the support levels at $31, $28 and $25.  Meanwhile, the relative strength index period 14 is at 49 levels displaying bullish direction.

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SOL/USD Medium-term Trend: Bearish, Tamadoge to Be Listed on OKX

On the 4-hour chart, Solana’s performance is bullish. The coin was under the pressure of sellers last week. The price was rejected at the resistance level of $38 when buyers’ pressure failed. The price dropped to the support level of $31. Price bounces and increase to test the resistance level of $34. The price is under the control of the buyers. Sellers may gain more pressure soon.

An increase in the sellers’ pressure may bring the coin to the previous low level at $31. The Relative Strength Index period 14 is at 33 levels and the signal line pointing down to indicate the sell signal.

Tamadoge Head of Growth Carl Dawkins spoke at a Blockchain and NFT conference as part of London Metaverse Week on Saturday, with several other TAMA holders in attendance. New crypto token presales and ICOs can often outperform bearish market conditions even if their launch day is a red day – investor sentiment, hype and optimism is highest in the early stages of a new crypto project.

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