[ad_1]
Solana appears keen to move higher after this most recent correction.
Key Support levels: $78
Key Resistance levels: $104, $126
1. Buyers Return
Solana made a bullish cross this week, and the price shot up. If this momentum continues, then a breakout becomes likely. The resistance at $104 is the only thing left before SOL moves to new highs.
2. Breakout Imminent?
Yesterday, the price attempted to break above $104, but after a brief escape, sellers returned to push SOL back under the key resistance. Nevertheless, this is a bullish signal showing buyers mean business.
3. MACD Bullish Cross Confirmed
The daily MACD did a bullish cross on Monday, and the histogram made another high today. This confirms a bullish bias, and higher levels are likely.
Bias
The bias for SOL is bullish.
Short-Term Prediction for SOL Price
The resistance at $104 may not be able to stop this buying pressure for long. If it breaks above, Solana has the path open to $126, which was the previous high.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
[ad_2]
Source link