Solana’s price analysis shows that the price of the coin is increasing. However, it faced resistance at $36.87. There was strong support for the currency at $32.76. Solana’s price is currently trading above the $35 level and is likely to resume its advance soon. In the last 24 hours, Solana is up more than 3% and is now worth $35.65.
Solana’s price analysis is bullish for today. The coin found support at $32 and seems poised to resume its advance soon. However, it faced resistance at $36.87. Solana’s price analysis shows that the price of the coin is increasing. However, it faced resistance at $36.87. There was strong support for the currency at $32.76. Solana’s price is currently trading above the $35 level and is likely to resume its advance soon.
The near-term outlook for Solana remains bullish as the coin continues to trade above the $35 level. If the bulls manage to push the price above the $36.87 resistance level, we may see the SOL price moving towards the $40 level in the coming days and weeks. However, if the bears take control and push the price below $32, we could see Solana reclaim some of her recent gains. Solana’s price is currently trading at $35.65 and up 3% in the last 24 hours.
Solana Price Action Last 24 Hours: SOL/USD Under Bull’s Control
The $36.87 handle is now a significant barrier to Solana’s price and if the coin goes beyond this level it could surge higher towards the $40 level. However, if the price fails to break this resistance level, we could see a decline back to the $32.76 support level. The daily 50 MA and 200 MA are currently at $34.09 and $33.15, respectively, suggesting an upward path from lows of resistance is yet to come.
Solana’s 24-hour SOL/USD price analysis chart shows that the bulls have taken control of the market as the price is currently trading above its 50 SMA (Simple Moving Average) and 200 SMA. The RSI is currently in overbought territory, which suggests that the bulls could take a break soon. In this case, we could see some consolidation around the current levels before the price resumes its advance.
On the upside, there is strong support for Solana at $32 and if the price drops below this level, we could see further selling towards $30. Overall, the near-term outlook for Solana remains bullish as long as the price stays above $32.
Solana price analysis on a 4-hour price chart: latest price developments
The Solana price chart for the last four hours shows that the advance has stopped as the currency returns to its highs. The pair’s RSI is currently in overbought territory, which suggests that the price may soon trend lower. The MACD indicator, on the other hand, remains in the bullish zone, indicating that the bulls remain dominant. The 50 MA broke above the 200 MA, which is a bullish hint.
Conclusion of Solan price analysis
The development of the Solana price is in a positive direction. The coin faces resistance at $36.87 levels, but is likely to continue higher soon. Like most cryptocurrencies, Solana has an uptrend momentum indicator of over 80 percent and a strong downtrend momentum indicator of 25 percent or more.