SOL Explodes More Than 10% Daily, Is $30 Imminent? (Solana Price Analysis)

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.

Chart by TradingView

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.

Chart by TradingView


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.

SPECIAL OFFER (Sponsored).

Binance Futures $100 Off (Exclusive). Use this link to sign up and get $100 off your first month. (terms).

PrimeXBT Special Offer: Click this link to register and enter the POTATO50 code for up to $7,000 in deposits

Disclaimer: All information found on CryptoPotato are the opinions of the authors. This information does not reflect the views of CryptoPotato about whether or not to invest. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to the Disclaimer.

Charts of cryptocurrency TradingView

By David Warsh

David Warsh is a leading expert in the field of cryptocurrency and blockchain technology. With over a decade of experience in the industry, he has a deep understanding of the intricacies of digital currencies and the potential they hold for revolutionizing various industries.