Latest News

The key support level for Solana (SOL) is $120.

Above the $100.00 level, the SOL price developed a base. As a result, it began to rise steadily and burst through many barriers near the $110.00 mark.

The price even surpassed the $120.00 resistance level as well as the 55 simple moving average (4-hours). There was a rise above the $132 mark, with the price reaching $143.57. A recent negative slump occurred below the $135 and $132 levels.

Price fell below the 50% Fib retracement level of the upward advance from the 117.50 swing low to the $143.57 high. It’s currently consolidated near the $124 support level.

The upward advance from the 117.50 swing low to the $143.57 high is also being tested at the 76.4 percent Fib retracement level.

On the 4-hours chart of the SOL/USD pair, a big contracting triangle is forming with support near $123.

The next important level of support is near $120.00. A breach below the $120 support level on the downside could trigger a severe drop. In the above scenario, the price may drop to around $105 per share.

On the upside, near the $130.00 level, there is immediate resistance. On the upside, the next big resistance is near the $132.00 level. In order to begin another increase, the price must rise above $132.00 in the near future. The price could rise to $150.00 if it breaks through the next major resistance level of $140.00.

The price of solana is definitely trading above $110.00 and the 55 simple moving average on the chart (4-hours). Overall, the price has to break through $132 in order to continue rising in the near term.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.