Solana broke through $24 and managed to escape the downtrend.
Solana Price Analysis
Key Support levels: $21, $24
Key Resistance Levels: $26, $30
After overcoming resistance at $24, SOL made a major breakout. This resistance has since turned into support. A push above $26 could open the door to $30. Bullish price action and momentum favor buyers at the moment.
Trading Volume: Solana has moved higher due to the sustained buy volume over the last four days.
RSIRSI: Daily RSI has reached higher highs than usual and is now closer to the overbought zone above 70 points.
MACD: Yesterday’s bullish MACD cross indicated a move higher.
Bullish is the bias for SOL.
SOL Price Predictions for the Short-Term
After a brief correction, there is renewed momentum in Solana. It appears that the price has potential to rise.
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