🚀 Solana (SOL) shot up 25% this week, thanks to an incredible price increase! Will SOL reach $30? Here is the SOL price analysis:
1. Massive rally: SOL managed to break out of its downward trend and started a massive rally that increased its price by more than 25% this week. This impressive performance brings Solana close to key resistance at $25. If this momentum continues, the next target is $28.
2. Is $30 achievable? The most significant resistance will be found above $30, which was the previous high in July. While Solana may have the power to reach it, it would be surprising if it surpassed that level on the first try.
3. Bullish cross triggers massive buying: 3-day MACD completed a bullish cross, and buying pressure exploded this week. This is a major shift in market momentum and may last quite a while before SOL enters a significant correction.
Short-term prediction for SOL price: The biggest targets on the chart are $28 and $30. At this pace, Solana will likely achieve it. The biggest question is whether SOL will also be able to maintain the price at that level. In the past, sellers came in strong after the price reached $30.
Come on, share your thoughts about Solana in the comments column! 😄#Solana#cryptocurrency #priceanalysis
1. Massive rally: SOL managed to break out of its downward trend and started a massive rally that increased its price by more than 25% this week. This impressive performance brings Solana close to key resistance at $25. If this momentum continues, the next target is $28.
2. Is $30 achievable? The most significant resistance will be found above $30, which was the previous high in July. While Solana may have the power to reach it, it would be surprising if it surpassed that level on the first try.
3. Bullish cross triggers massive buying: 3-day MACD completed a bullish cross, and buying pressure exploded this week. This is a major shift in market momentum and may last quite a while before SOL enters a significant correction.
Short-term prediction for SOL price: The biggest targets on the chart are $28 and $30. At this pace, Solana will likely achieve it. The biggest question is whether SOL will also be able to maintain the price at that level. In the past, sellers came in strong after the price reached $30.
Come on, share your thoughts about Solana in the comments column! 😄#Solana#cryptocurrency #priceanalysis