Solana is showing a buy signal for a gain for more than 30% on the charts.
Trends are mixed but price has just broken above its 200-day moving average (~$151) which is a sign of Uptrend. Price is trading in a Sideways Channel ($120 – $190).ย
Swing Traders:ย can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $108.ย
For on-demand analysis of any cryptocurrency, join ourย Telegram channel.
Solana Crypto Price Analysis
- Current Price: $132.72
- Market Cap: $61.94 billion
- 24h Trading Volume: $1.2 billion
- Total Supply: 534.5 million SOL
- Circulating Supply: 467.2 million SOL
Price is trading in aย Sideways Channelย , which is a neutral pattern (indication of market indecision).
Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend.
Weekly Price Analysis
- 7d Change: +4.6%
- Week Open Price: $126.82
- Week High: $135.14
- Week Low: $123.55
- Trend:ย Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Down.
- Momentum:ย Price is neither overbought nor oversold currently.
Technical Indicators
- RSI (14-day): 58.32 (neutral)
- MACD (12,26): 1.27 (bullish)
- Bollinger Bands: Price is near the upper band, indicating potential resistance around $135.
- Support and Resistance:ย Nearest Support Zone is $120.00, then $100.00.ย Nearest Resistance Zone is $160.00, then $190.00.
Crypto News
- SEC Questions FTXโs Crypto Repayment Plan
- OKX Gains Crypto License in Singapore and Names Gracie Lin as CEO
- Bitcoin Miners Record Lowest Revenue in 11 months in August
For on-demand analysis of any cryptocurrency, join ourย Telegram channel.
