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The Solana price forecast manages to maintain its position as the bulls maintain the desire to push the coin above the upper limit of the channel.

Stats for Solana’s Predictions:

  • Solana price now – $32.3
  • Solana’s market cap is $11.6 billion
  • Solana circulating supply – 358.6 million
  • Total supply of Solana – 511.6 million
  • Solana Coinmarketcap Ranking – #9

SOL/USD market

Key Levels:

Resistance levels: $38, $40, $42

Support levels: $26, $24, $22

SOL/USD takes a much-needed break to the upside as the market opens today. Solana price is currently seeing gains of over 5.76% within the chart as the coin remains above the 9-day and 21-day moving average at $30.10.

Solana Price Prediction: SOL is poised for an upside move

Solana price is resuming in the middle of the consolidation after a slight dip towards the 9-day and 21-day moving averages. Meanwhile, if the market price continues the rally and crosses above the upper border of the channel, the $33 resistance level is likely to come into play and Solana price may look for higher price levels if the bulls show commitment.

At the time of writing, the market is showing signs of suppressing volatility with choppy price action. If Solana’s price slides south, it could return to previous supports at $26, $24 and $22 below the moving averages. But on the upside, traders can expect the next resistance levels at $38, $36 and $34. In addition, the technical indicator Relative Strength Index (14) is moving above the 50 level, indicating that an upward movement may occur.

Against Bitcoin, Solana price is seen rising above the 9-day and 21-day moving averages in others to reach the nearest resistance at 1600 SAT. Unless the coin breaks above the upper boundary of the channel, there may be no reason to expect a long-term bullish move.

SOLBTC – Daily Chart

On the contrary, if the coin slips below the moving averages, it can renew the lows below 1450 SAT and a possible bearish continuation can probably meet the critical support at 1400 SAT and below, while buyers can push the coin to the potential resistance level of 1700 SAT and above as the technical indicator Relative Strength Index (14) moves to break above the 50 level, suggesting more bullish signals.

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