Solana (SOL) Price Predictions for This Week
Solana is likely one of the few cryptocurrencies that’s making greater highs proper now, however the important thing resistance awaits.
Solana Price Predictions to Watch This Week
Key Support ranges: $185
Key Resistance ranges: $227
1. Strong Uptrend Defies the Market
While market leaders resembling Bitcoin or Ethereum are in a correction mode, Solana has persistently made greater highs since early August. This has allowed it to consolidate the assist at $185 and allowed consumers to intention for the important thing resistance at $227. At the time of this put up, SOL is discovered at $210.
2. Sustained Buying Pushed the Price Higher
A have a look at the amount profile reveals consumers have been aggressive these days, regardless of a number of makes an attempt from sellers to cease this uptrend. It could possibly be that cash is rotating from Ethereum to Solana, which may clarify this current energy and can be seen on the SOL/ETH pair, the place Solana has outperformed since late August.
3. Bullish Momentum Intensifies
The weekly MACD reveals a transparent uptrend with the histogram making greater highs. The transferring averages are additionally increasing, which signifies that the bullish momentum is intensifying. This is prone to proceed till the important thing resistance at $227, the place sellers might return.
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