- summary:
- Solana Price has regained the weighted moving medium (VWMA) and $ 127 is a major turning point that could lead to a reflection.
Solana PRICE was traded on Saturday, following the sign that Belwether Market and Bitcoin set and reflect the broader encryption market. Sol has been trading less than $ 127 for the best part of the last two weeks, and this level may be broken up to a bullish reflection.
The currency trades at $ 124 and an increase of 2.3 % to this writing. In addition, it rises by 1.2 % on the daily chart. In addition, the average trend index (ADX) on the daily chart on 28 on the graph for two hours, indicates that the upward trend is strengthened.
Moreover, the trading volume increased 24 hours in Solana by 2.5 % to $ 4.13 billion. This indicates a high investor’s appetite for the currency despite the high prices, and adds credibility to the possibility of the bullish path.
Sol recently broke over the average moving size (VWMA), currently at $ 119 on the daily chart, which strengthened the rising traction in the near term.
Medium -term Solana price procedures can also be enhanced by agreeing to their ETF files. Investment companies, Franklin Templeton and sincerity among those that submitted Solana Spot ETF approvals. This indicates a strong institutional interest that can help Sol Price to maintain the long -term trend.
Predicting at the price of Solana
Solana PRICE PIVOT MARK is $ 121 and it is preferable to momentum to have control over this level. The currency is likely to meet the first resistance at $ 128. However, the strongest momentum will collapse above this level and can pay the price up to a $ 130 test.
Instead, the declining momentum can be determined if the price decreases to less than $ 120. With the sellers who control, the trading pair of Solusd will decrease to find the first support at $ 115. The bullish direction would be invalid if the price is less than this level. This procedure is likely to take less to test $ 111.
