🚀 Solana (SOL) has been one of the best performing cryptocurrencies in the altcoin market for the last week and is approaching $ 30.
🔑 Support Levels: $22, $20
🔑 Resistance Levels: $25, $28
1st Big Rally Continues
Having successfully broken out of the downtrend, SOL started a massive rally that increased its price by over 25 percent this week. This impressive performance moved Solana just below the key $25 resistance level. If this momentum continues, the target will be $28.
2. Is $30 Likely?
The most important resistance will be found above $30, the highest level since July. Solana may have the strength to reach this level, but it would be surprising if he passes it on the first try.
3. Bullish Cross Fuels a Buying Frenzy
The 3-day MACD has completed a bullish crossover and buying pressure has exploded this week. This is a significant change in market momentum and may continue for some time before SOL enters into a significant correction.
For the LEFT, the bias is bullish.
Short Term SOL Price Forecast
The biggest targets on the chart are $28 and $30. At this pace, Solana is likely to achieve those goals. The biggest question is whether SOL can sustain its price at these levels. In the past, sellers stepped in strongly after the price reached $30.
🔑 Support Levels: $22, $20
🔑 Resistance Levels: $25, $28
1st Big Rally Continues
Having successfully broken out of the downtrend, SOL started a massive rally that increased its price by over 25 percent this week. This impressive performance moved Solana just below the key $25 resistance level. If this momentum continues, the target will be $28.
2. Is $30 Likely?
The most important resistance will be found above $30, the highest level since July. Solana may have the strength to reach this level, but it would be surprising if he passes it on the first try.
3. Bullish Cross Fuels a Buying Frenzy
The 3-day MACD has completed a bullish crossover and buying pressure has exploded this week. This is a significant change in market momentum and may continue for some time before SOL enters into a significant correction.
For the LEFT, the bias is bullish.
Short Term SOL Price Forecast
The biggest targets on the chart are $28 and $30. At this pace, Solana is likely to achieve those goals. The biggest question is whether SOL can sustain its price at these levels. In the past, sellers stepped in strongly after the price reached $30.