Uptrend Resumes
Solana’s price has seen a 12% increase in the past 24 hours, indicating a strong uptrend. However, it is important to note that the volume is not showing significant growth. For the momentum to continue, buyers need to step up their game.
Key Resistance at $67
The bears attempted to push Solana below $50 but were unsuccessful. As a result, they have lost control of the price. The most crucial level to watch on the chart is the resistance at $67. If this level is broken, SOL could potentially reach triple-digit figures.
Daily RSI Makes Higher Highs
The daily RSI confirms the reversal in price action as it has made a higher high. This indicates that buyers are currently in control and may drive Solana towards the key resistance level.
Bias
The bias for SOL remains bullish, suggesting that there is a positive outlook for its price.
Short-Term Prediction for SOL Price
With the correction phase over, Solana is now poised to challenge the resistance at $67 once again and potentially achieve new highs.
Hot Take: Solana’s Uptrend Continues with Bullish Momentum
Solana’s recent price increase and bullish momentum indicate that the uptrend is continuing. Despite lower volume levels, buyers have managed to maintain control and keep the bears at bay. The key resistance level at $67 will be a significant test for SOL, and if broken, it could pave the way for further gains. Traders and investors should closely monitor Solana’s price action as it aims for new highs.
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