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Solana (SOL) holds $ 150, as it slowly builds the bullish momentum

Solana (Sol) has the maximum market exceeding $ 80 billion, but it decreased more than 10 % in the last 30 days. Despite the last bounce, its price has remained less than $ 170 since May 29. The relative power index recovered to 54.51 but failed to break more than 60, which showed a limited upward strength.

Ichimoku cloud remains red and thick, indicating strong resistance forward. Via Tenkan-Sen above Kijun-Sen, but the price is still inside the cloud. The EMA structure is still declining, with short -term lines less than long -term lines. Solana needs stronger momentum to go out and confirm the reflection of trend.

Solana RSI rebound but struggling to cross 60 thresholds

Sol shows early signs of momentum, with the RSI index (RSI) currently at 54.51 – dramatically rising from 39.26 just three days ago.

Since yesterday, RSI has been trying to break above the level of 60, a threshold that often indicates a stronger bullish force.

While climbing from the Sub-40 levels indicates the recovery of the buyer’s attention, the relative strength index is still stuck in the neutral area at the present time, indicating the frequency between the bulls to regain control completely.

Sol Rsi.
Sol Rsi. source: Tradingvief.

RSI is a large -scale momentum index of 0 to 100. It is designed to measure the speed and change of price movements.

Readings that exceed 70 indicate the excessive conditions that are purchased, while readings are less than 30 levels of sale. The value of about 50 is neutral.

With Sol’s RSI currently at 54.51, the market is bullish with caution, but failure to exceed 60 may limit joining more upward trend in the short term.

Soul battles of resistance inside the Ichimoku cloud

Solana Price tests a critical resistance area determined by Ichimoku cloud. The price has recently been paid to the red cloud from the bottom, indicating an attempt to reflect the prevailing direction.

However, the cloud remains thick and red – as the resistance is strong and that the broader feelings have not turned up.

The pioneering range (the green line) is still less than the leading period B (red line), which confirms that the cloud remains in the alignment of Haboudia.

Sol Echimoku cloud.
Sol Echimoku cloud. source: Tradingvief.

Via Tenkan-Sen (blue line) above Kijun-Sen, is usually an early upward signal. In addition, the price hovers around these transfer lines, which indicates some of the short -term bullish momentum.

However, as the price continues within the cloud and the future cloud that drops the continuous resistance, Sol needs a strong outbreak over the cloud to confirm a bullish reflection.

Until then, the trend remains uncertain, and the upper boundaries of the cloud will work as a major obstacle.

Solana raises $ 150, but the EMA structure is still downward

Solana Price has risen about 8 % over the past four days, outperforing the mark of $ 150 and showed a renewed bullish interest.

Despite this assembly, EMA lines still reflect the decreased preparation, with short -term averages less than long -term long -term. If the current momentum continues, Sol may push up to the resistance test at $ 163.76.

Sol price analysis.
Sol price analysis. source: Tradingvief.

This section may open to $ 169.20, and in a scenario for constantly powerful purchase, the price can rise to $ 179.50 – as it escalates by 16.7 % of the current levels.

However, this bullish path depends on the continuous strength of the upward trend.

If Solana fails to stick to the last penetration level and lose support at $ 150.65, the price may decrease about $ 141.53.

Disintegration

In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.

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