#Solana #CryptoAnalysis #CryptoPredictions #BullishTrend #ResistanceLevels #SupportLevels #SOLPrice #CryptoTrading
Cryptocurrency Solana, after its recent consolidation period, seems to be gearing up for a potential leap towards the $100 mark yet again. The currency seems to have paused with its downward trajectory, and the market signals suggest a potential resurgence.
Solana’s critical support level lies at $78, while it faces resistance at $104. After a probable stint of charting a lower low, buyers re-entered the market, leading to Solana forming a higher low. This pattern in the price action could be a precursor to Solana testing its resistance at $104.
If the cryptocurrency successfully crosses the $100 threshold, this suggests the key resistance would fail to contain the bullish surge, potentially ushering Solana into a refreshed uptrend. The recent phase of price correction looks to be concluding, which could underpin this upward trajectory. Moreover, the 12-hour Moving Average Convergence Divergence (MACD) is on the verge of a bullish cross, indicating an upper hand for the buyers and a possible return of Solana’s three-digit valuation. At present, Solana’s bias is neutral, but it could swing to bullish if the resistance at $104 is breached, elevating the potential for increased market volatility this week.
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