Resistance under Pressure
Solana (SOL) is currently consolidating just below the key resistance level at $67. However, there is strong buying pressure that suggests an imminent breakout. The next few hours will be crucial in determining whether SOL can surpass this resistance.
Key Support at $50
If sellers regain control and push the price down, SOL has solid support at $50. Although it seems unlikely at the moment, a drop to this level is still possible until the price successfully breaks above $67.
Daily RSI makes Higher Lows
The daily Relative Strength Index (RSI) for SOL is showing a bullish signal. It is currently trending higher and consistently forming higher lows. If buyers manage to push the RSI above 70, it would indicate a positive shift in momentum.
Bias
As long as the resistance at $67 holds, the bias for SOL remains neutral. A breakout above this level would likely result in a more bullish bias.
Short-Term Prediction for SOL Price
To turn bullish, Solana needs to successfully break above $67. Given the current momentum, this breakthrough could occur at any moment.
Hot Take: Will Solana Break Above Resistance and Continue its Bullish Run?
Solana’s price is currently consolidating under a key resistance level at $67. While there is strong buying pressure and positive indicators such as the rising daily RSI, it remains to be seen if SOL can break above this resistance. A successful breakout would likely lead to a continued bullish run for Solana. Keep an eye on the price action in the next few hours to see if SOL can overcome this hurdle and potentially reach new highs.
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