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Solana price analysis: SOL/USD set to break past the $90 resistance level

Solana price analysis
TL;DR Breakdown
  • Solana price analysis is bullish today.
  • Strongest resistance is present at $90.
  • Solana trading price is $50.

The Solana price analysis is bullish today as the coin surged past the $70 resistance level. There is strong resistance present at $90. The Solana trading price is currently at $50.

The MACD shows increasing bullish momentum while the RSI is above 50 levels, indicative of positive market conditions.

The bulls are looking to push SOL/USD above the $90 resistance and continue higher towards the $100 level. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

From a technical perspective, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin retrace back to $50.

From a technical perspective, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin retrace back to $50.

SOL/USD 4-hour price analysis: Latest developments

On the 4-hour Solana price analysis chart, we can see that Solana surged past the $70 resistance level and is currently trading close to the $90 resistance. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

The MACD shows increasing bullish momentum while the RSI is above 50 levels, indicative of positive market conditions.

On the daily chart, we can see that Solana has been on a strong uptrend since March and is currently trading close to the $90 resistance level. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

image 415SOL/USD 4-hour price chart source: TradingView

On the daily Solana price analysis chart, we can see that Solana has been on a strong uptrend since March and is currently trading close to the $90 resistance level. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

The MACD on the daily chart shows increasing bullish momentum while the RSI is above 50 levels, indicative of positive market conditions.

From a technical perspective, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin retrace back to $50.

Solana price analysis for 24-hours: SOL market closes

O n the daily chart, we can see that Solana surged past the $70 resistance level and is currently testing the $90 resistance. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

image 416

SOL/USD 1-day price chart source: TradingView

The BollingerOL/USD 1-day price chart source: TradingView

The Bollinger Bands show that Solana is currently in a period of high volatility and a breakout from the current range could see the price move higher towards the $100 level. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

Solana Price Analysis Conclusion

In conclusion, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin ret

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

William Suberg

William Suberg

William Suberg is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. William is a lover of sports.

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