of Solana Price The analysis is bullish as it shows the cryptocurrency price has continued to rise over the past few days. The market is following a bullish trend today and the bullish trend looks strong as the price reached $35.1. The bull has been leading continuously since Sept. 7, 2022, and the cryptocurrency has gained tremendous value. Next, SOL has resistance at $36.4, which could return selling pressure.
SOL/USD 1-day price chart: bulls record 9% gain overnight
Solana’s 1-day price analysis shows that the balance of power is entirely on the bullish side as it has made significant gains since the beginning of the trading session. The cryptocurrency pair is trading at $35.1 at the time of writing, and profits are high as he reports that it has only gained 9.10% in value over the past 24 hours. Weekly increases also have him reaching 13%, which is an encouraging sign. Today’s trading volume also increased by 53.9% for her. The moving average (MA) is also rising and is at $32.2, strongly anticipating a crossover with SMA 50 in the next few hours.
Solana’s volatility is moderate, as Bollinger suggests, with the upper band at $36.5 representing the strongest resistance and the lower band at $29.1 representing the strongest support for SOL, averaging $32.8. The price trades between the average centerline and the upper limit of the volatility indicator. The Relative Strength Index (RSI) curve has moved steeply upwards, reaching index 52, suggesting buying momentum in the market.
Solana Pricing Analysis: Recent Developments and Further Tech Indications
The Solana Price Analysis 4 Hour Price Chart shows price increases over the last 4 hours. The price breakout is on the upside today with the price currently reaching the $35.2 level. The bulls have been leading for the past 24 hours, which was also preceded by a small correction lasting up to 8 hours. However, the bulls are currently dominating the market, pushing the price even higher.
The 4-hour chart has relatively high volatility as the Bollinger Bands average is formed at $32.6, with the upper band at $35 and the price above the upper band and the lower band at $30.1. , represents the strongest.level of support for CryptopairThe RSI has also entered the overbought zone on the 4-hour chart, showing a score of 72 due to the increasing amount of buying activity observed in the last 52 hours.
Solana Price Analysis: Conclusion
Solana’s price analysis shows that the coin is showing strong bullish price action today. The price has reached $35.1 and may recover further. SOL is expected to continue rising today. However, selling pressure may return near $36.4.
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