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Solana is still facing a lot of resistance The goal appears to be more difficult to reach. This has become more difficult through the lands of the landmarking market, as well as a decrease in participation of investors in online activities. As such, the Solana price is still struggling to stay over $ 150.
However, due to the presence of a curl in the market morale towards positive, the Solana price can go for a rapid bounce. This is repeated by the encryption analysts who expected that Altcoin still has an operating room and one in particular indicates that its highest levels at all times are possible.
Why does the price of Solana turn into ascending
Trading analyst encryption Make up Why was the price of Solana turning into a rise recently. In a recent analysis, they explain that the bounce at the beginning of April showed strength in digital assets. This came when Solana wore MA200 for one week at the beginning of last month, and this upscale start lasted until the end of the month.
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With the construction of the momentum, Altcoin witnessed a weekly closure, and finally closed April with another weekly green candle. It was placed on a road towards the next critical level, which lies in one week ma5 and follows the blue direction line at about $ 170, as shown in the graph below.
This level is now the main point that must be broken if Solana is continuing his upscale race in May. The interesting thing at this level, as the encryption analyst explains, is that if the Sol price is able to overcome it, it is expected to turn into support for altcoin. Support for $ 170 will be completely noisy for Solana, as it works as a potential point that bounces about 200 dollars again.
Goals from here
As mentioned above, the first thing is for Solana Price to test the blue trend line at $ 170. If this is successful and the bottom is present, then the next big goal from here is the level of $ 350. The encryption analyst shows that this goal is $ 350 is higher than the one.
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After that, it is determined by a clean break above $ 350 on a clear path of about $ 900 as it places higher levels. “Given that the last 3 -month correction was -67.23 %, which is identical to the last correction (May 2021) of the previous session, we expect one final crowd to the 2.0 Vibonacci extension at 900 dollars, if the higher factors of the high direction line.”
Distinctive image from Dall.e, Chart from TradingView.com
