After two failed attempts to break above the level, Solana is back at it again. Key Support levels: , Key Resistance levels: , The bulls are seemingly very eager to push the price higher. The cryptocurrency rallied above the key resistance level today but is now falling back down. If the buyers fail to sustain the momentum, then this might result in the third failed attempt at breaking this important level. The key support, meanwhile, is found at . Chart by TradingViewTechnical Indicators Trading Volume: A relatively good buy volume has taken SOL higher, but it seems that buyers struggle to maintain their momentum at the time of this post. RSI: The daily RSI remains above 50 points. As long as it stays above this level, then the cryptocurrency has
Topics:
Duo Nine considers the following as important: Price Analysis, Solana (SOL) Price, SOLBTC, SOLUSD
This could be interesting, too:
Wayne Jones writes VanEck Europe Enables SOL Staking for its M Solana ETN
Chayanika Deka writes Solana-Based Pump.fun Sells 40,000 SOL Worth .68M in Latest Transaction: Data
CryptoVizArt writes ETH’s Path to K Involves Maintaining This Critical Support (Ethereum Price Analysis)
Jordan Lyanchev writes Bitcoin Exploded to K While Solana and Shiba Inu Gained 6% Daily (Weekend Watch)
After two failed attempts to break above the $44 level, Solana is back at it again.
Key Support levels: $40, $35
Key Resistance levels: $44, $59
The bulls are seemingly very eager to push the price higher. The cryptocurrency rallied above the $4 key resistance level today but is now falling back down. If the buyers fail to sustain the momentum, then this might result in the third failed attempt at breaking this important level. The key support, meanwhile, is found at $40.
Technical Indicators
Trading Volume: A relatively good buy volume has taken SOL higher, but it seems that buyers struggle to maintain their momentum at the time of this post.
RSI: The daily RSI remains above 50 points. As long as it stays above this level, then the cryptocurrency has a good chance to break the resistance.
MACD: The daily MACD painted a bullish cross today. This is positive and may encourage buyers, but it is too early to make a call.
Bias
The short-term bias for SOL is bullish.
Short-Term Prediction for SOL Price
Even if SOL’s price manages to move above $44 today, the past shows us that this can just as easily turn into a fake breakout. If buyers fail to close today’s candle above this critical resistance, then the bears may regain control and push the cryptocurrency back to $40. A successful breakout would open the way for SOL to reach $60, but that seems far away at this time.