Solana price analysis shows rising signs as the market shows massive upside potential. The bulls have regained their control of the Solana market, which will change the course of the market for the better, and SOL now expects the bullish period to take over in the next few days.
The market shows the price of Solana crashed yesterday to the $38 mark but spiked soon after to $41. Solana continues a positive movement. However, the next day, Solana prices spiked and reached $41.
The SOL/USD price travels over the Moving Average curve, indicating the market is following a bullish movement. However, as the market experiences constant volatility today, the Solana price has room to move towards either extreme.
Solana price analysis reveals that the Relative Strength Index (RSI) score is 50 making the cryptocurrency enter the central-neutral region. Furthermore, the RSI score moves upwards, indicating that the buying activity exceeds the selling activity while moving towards stability.
The upper limit of the Bollinger’s band rests at $45, serving as the most substantial resistance for SOL. Contrariwise, the lower limit of the Bollinger’s band rests at $32.2, serving as the strongest support for SOL.
The Relative Strength Index (RSI) score appears to be 54, showing the cryptocurrency’s stability. It falls in the central neutral region, just shying away from the inflation region.
Solana price analysis shows bullish momentum and further bullish opportunities. Moreover, the bulls have shown their deterrence and might take control of the market soon for the long term as the market shows massive signs of any change.