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Solana Price Analysis: SOL/USD pair set to break above the $60 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.

Solana price analysis is bullish today as the digital asset looks to bounce back from a recent correction. The bulls have managed to push the price back above the $50 level and are now targeting a move towards the $60 level. Strong resistance is present at the $90 level and this is where the bulls will need to breakthrough in order to continue higher.

The Solana price is trading at $50 today and is up from yesterday’s low of $46. The digital asset has been on a strong uptrend over the past few weeks and has seen its price increase from $30 to highs of $90. However, the bulls ran into some selling pressure at this level and the price corrected lower.

The bears managed to push the price down to the $50 level where it found support and has since bounced higher. The bulls will now be looking to push the price back above the $60 level and continue higher towards the $90 level. Strong resistance is present at the $90 level and this is where the bulls will need to breakthrough in order to continue higher.

The RSI is currently trading at 55 which indicates that the market is in a bullish zone. The MACD is also bullish and is currently generating a buy signal. The bulls will need to break through the $60 level in order to continue higher towards the $90 level.

SOL/USD 4-hour price analysis: Latest developments

On the 4-hour Solana price analysis chart, the bulls have managed to push the price back above the $50 level and are now targeting a move towards the $60 level. Strong resistance is present at the $90 level and this is where the bulls will need to breakthrough in order to continue higher.

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

The Solana price analysis chart shows that the is trading at $50 today and is up from yesterday’s low of $46. The digital asset has been on a strong uptrend over the past few weeks and has seen its price increase from $30 to highs of $90. However, the bulls ran into some selling pressure at this level and the price corrected lower.

Solana price analysis for 24-hours: SOL market closes

On the daily Solana price analysis chart, the bulls have managed to push the price back above the $50 level and are now targeting a move towards the $60 level. Strong resistance is present at the $90 level and this is where the bulls will need to breakthrough in order to continue higher.

Solana price analysis
SOL/USD 1-day price chart source: TradingView

The RSI is currently trading at 55 which indicates that the market is in a bullish zone. The MACD is also bullish and is currently generating a buy signal. The bulls will need to break through the $60 level in order to continue higher towards the $90 level.

Solana Price Analysis Conclusion

The bulls are in control of the market and are looking to push the price back above the $60 level. Strong resistance is present at the $90 level and this is where the bulls will need to breakthrough in order to continue higher.

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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