Solana price prediction shows that SOL may drop due to the recent drop above the moving averages. Solana prediction statistics are as follows:
Solana Current Price – $36.8
Solana Market Cap – $12.7 Billion
Solana Circulating Supply – 345.2 Million
Solana Total Supply – 511.6 Million
Solana Coinmarketcap Ranking – 9th
SOL/USD Market
Key Levels:
Resistance Levels: $70, $75, $80
Support levels: $15, $10, $5
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SOL/USD
Currently range-bound, the coin could drop below the 9-day and 21-day moving averages and is trading around $36.80. However, Solana price might not be able to move into a positive direction and is currently consolidating around the $36 support level.
Solana Price Prediction: Where will Solana Price Go?
Solana price is currently moving sideways and according to all indications, the coin is likely to follow a downtrend. If there is any bearish trend towards the lower border of the channel, it is likely to increase the short-term selling pressure while the next support levels are likely to be around $15, $10, and $5. Meanwhile, if there is any bullish trend towards the upper border of the channel, the next resistance levels are likely to form around $70, $75, and $80.
On the positive side, if the Relative Strength Index (14) remains above the 50 level, the technical indicators could start a new bullish trend. However, the market price continues to fluctuate in a range, and it is unclear how long this trend will last, so it is important to observe the resistance and support levels on the daily chart, as well as changes in other indicators, to confirm the next direction the coin will face.
SOL/BTC Market: Solana Price Could Rise
Compared to Bitcoin, the market price is in a range-bound state, with the coin trading within the 9-day and 21-day moving averages at 1770 SAT. Looking at the daily chart, if the coin can break above this barrier, the bulls will push the price towards the upper boundary of the channel. However, if the market falls below the current market value, the next key support could be at 1400 SAT and below.
SOLBTC – DAILY CHART
On the bullish side, a possible uptrend could push the market to the upper border of the channel, reaching the resistance level of 2200 SAT and above. According to the technical indicator Relative Strength Index (14), the market is in a range-bound state, with the signal line moving above the 50 level.
Read more:
How to Buy Solana
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