Long-term Solana price prediction: bullish
After reaching its all-time high at $126, Solana’s (SOL) uptrend has come to an end as the price falls below the 21-day SMA.
Analysis of the Solana price indicator
The cryptocurrency value has fallen below the 21-day SMA but is still above the 50-day SMA, indicating potential fluctuations. The moving average lines continue to slope upwards, and the price movement has been restricted by doji candlesticks.
Technical indicators
Key supply zones: $80, $90, $100
Key demand zones: $60, $50, $40
What is the next move for Solana?
Solana has entered a sideways pattern after falling below the $96 support. The price has fluctuated between $96 and $120 in the past week. The current support has been broken by bears, suggesting a possible decline.
Hot Take: Solana’s Uptrend Ends as Price Falls Below Key Level
The recent uptrend in Solana has come to a halt as the cryptocurrency’s price falls below the 21-day SMA. Despite still being above the 50-day SMA, potential fluctuations are expected. Technical indicators suggest key supply zones at $80, $90, and $100, while demand zones are identified at $60, $50, and $40. With the price now in a sideways pattern and support levels being broken by bears, a possible decline may be on the horizon for Solana.
By
By
By
By