The Solana price prediction manages to maintain its position as the bulls maintain the desire to push the coin above the upper boundary of the channel.
Solana Prediction Statistics Data:
- Solana price now – $32.3
- Solana market cap – $11.6 billion
- Solana circulating supply – 358.6 million
- Solana total supply – 511.6 million
- Solana Coinmarketcap ranking – #9
Resistance levels: $38, $40, $42
Support levels: $26, $24, $22
SOL/USD undergoes a much-needed break to the positive side as the market opens today. The Solana price is currently posting gains of over 5.76% within the chart, as the coin stays above the 9-day and 21-day moving averages at $30.10.
Solana Price Prediction: SOL Ready for the Upside Movement
The Solana price resumes back in the middle of consolidation after a slight drop toward the 9-day and 21-day moving averages. In the meantime, if the market price continues the surge and crosses above the upper boundary of the channel, the $33 resistance level is likely to come to play and the Solana price may look for higher price levels if the bulls show commitment.
At the time of writing, the market displays a sign of subduing volatility with choppy price action. If the Solana price slides to the south, it may roll back to the previous supports at $26, $24, and $22 below the moving averages. But on the upside, traders can expect the next resistance levels at $38, $36, and $34. In addition, the technical indicator Relative Strength Index (14) is moving above the 50-level, which indicates that a bullish movement may play out.
Against Bitcoin, the Solana price is seen rising above the 9-day and 21-day moving averages in other to reach the nearest resistance at 1600 SAT. Unless the coin crosses above the upper boundary of the channel, there might not be any reason to expect a long-term bullish movement.
On the contrary, if the coin slide below the moving averages, it could refresh lows under 1450 SAT, and a possible bearish continuation may likely meet the critical support at 1400 SAT and below while the buyers could push the coin to the potential resistance level of 1700 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 50-level, suggesting more bullish signals.
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