Solana Price Analysis: SOL Revisits $130, What’s Next?

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Key Assist ranges: $130

Key Resistance stage: $155, $170

SOL fell again to the important assist at $130 up to now few days, failing to keep up its rally from final week. Patrons may be at present worth ranges because the final time it visited this key stage, bulls got here in pressure and pushed SOL right into a aid rally.

The resistance at present sits at $155. This stage represents the largest problem for any attainable rally.

Technical Indicators

Buying and selling Quantity: The amount decreased as the value fell, which doesn’t favor the bears. Due to this fact, patrons could have a terrific likelihood to reverse the present worth motion again into an uptrend.

RSI: The RSI on the day by day timeframe stays bearish with decrease highs and decrease lows. There are not any indicators but of a attainable reversal.

MACD: Whereas the day by day MACD is on the constructive facet, there was barely any momentum to mirror this when it comes to worth, and now the transferring averages are closing in for a bearish crossover. If the patrons fail to step in quickly, then it’s unlikely for the downtrend to cease.

Bias

The present bias is bearish. However, the bulls have an excellent shot to push SOL larger from the important thing assist stage as sellers appear indecisive contemplating the amount profile.

Quick-Time period Prediction for SOL Worth

SOL was unable to push above the important thing resistance at $155 final week, and the value suffered. Now, it’s again on the important thing assist at $130, and it’s attainable for the bulls to step up as soon as there. It’s doubtless that SOL shall be very a lot influenced by the market leaders within the face of BTC and ETH in its subsequent transfer.

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