The price of Solana (SOL) has overcome the resistance level of $150 and is thus continuing its upward trend.
Solana price long term forecast: bullish
Yesterday, the cryptocurrency reached a high of $200. The altcoin is recovering from its previous fall. Buyers were likely to drive the price of the cryptocurrency to $259.00.
However, on March 19 cryptocurrency market is in the downtrend again. Cryptocurrencies are falling back. The price of Solana moved back to the level of $176.
Analysis of the Solana price indicator
The cryptocurrency’s price bars have consistently remained above the lines representing the moving averages as the uptrend continues.
Technical Indicators
Key supply zones: $100, $120, $140
Key demand zones: $80, $60, $40
What is Solana’s next move?
Solana’s rising trend is targeting the $259.00 overhead resistance. Now, buyers need to reach the resistance level to sustain their bullish momentum.
Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://coinidol.com/solana-rises-but-drops-back/
