Tuesday, June 25, 2024
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HomeTechnical AnalysisSOL Crypto Price Prediction - Crypto Technical Analysis

SOL Crypto Price Prediction – Crypto Technical Analysis

Solana SOL coin price at $25.69. From Crypto technical analysis perspective, Solana crypto price prediction chart indicating uptrend on the daily timeframe. The price resides above the 50 and 200 daily EMA indicating bullish sentiment.

To comprehend the existing level of support and resistance for solana coin SOL, we must examine the historical price data on chart. Crypto chart analysis of SOL coin reveals trading range of $24 to $28 over the recent days.

Solana coin crucial support level lies at $24.8 significantly impacting the crypto price. A dip below this level could potentially lead to further price decline with the subsequent support level positioned at $19.

SOL token price current resistance level resides at $26.9 A successful breakthrough beyond this level may initiate bullish trend with the subsequent resistance level set at $32 and $36.

Utilizing crypto technical analysis indicators such as the relative strength index RSI and moving average can enhance SOL price comprehension of the prevailing trend.

The RSI currently demonstrate reading of 66 indicating bullish zone where the bulls hold significant dominance.

Crypto Technical Analysis – SOL Crypto Chart Analysis

Regarding fibonacci levels from the bottom of $12 to the recent top of $32 on the crypto chart analysis daily timeframe, SOL coin price shows bullish momentum.

CRYPTO TECHNICAL ANALYSIS CRYPTO CHART ANALYSIS CRYPTO PRICE PREDICTION SOL CRYPTOCURRENCY

SOL token price currently at below 0.236 fib level and found support at the $24.8 level indicating bullish sign. Sol token is currently trading below the 0.236 level which stands at $27.60.

TokenSolana SOL
Timeframe1D
Support Level$24, $22 and $19
Resistance Level$26, $32 and $36
SOLUSDT crypto chart analysis

Additionally the trend line in the above image is providing support to solana at level 24.78. If this level is broken, the next support will be at $22.49. This level holds significance as a potential support or resistance level within the trend.

Based on Fibonacci extensions and previous resistance level the upcoming target for solana coin are $27, $32 and $36.

However failure to sustain above $234 might prompt further selling pressure, potentially driving solana token SOL towards key support levels at $22 and $19.

Disclaimer: This technical analysis article is for informational purposes only and does not constitute financial, legal or investment advice. Please do your own research before making any decisions.

Utkarsh - CoinFTA
Utkarsh - CoinFTA
Meet Utkarsh, your trusted crypto analyst with over 6 years of experience in the dynamic world of cryptocurrency. Since entering the crypto space in 2017, Utkarsh has honed his technical analysis skills and become a seasoned expert in fundamental and technical analysis. With a passion for uncovering market trends and identifying lucrative investment opportunities, Utkarsh delivers insightful analysis to empower traders and investors. From evaluating crypto projects to exploring the possibilities of the DeFi, Metaverse, NFTs, Web3, AI and blockchain gaming, Utkarsh covers the full spectrum of the crypto ecosystem. Join COINFTA and let Utkarsh guide you through the exciting world of crypto with expertise and precision.
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