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Solana Price Analysis: SOL/USD aims $150

Solana Price Analysis: SOL/USD aims $150


Cryptopolitan
2021-09-22 04:50:52
Solana Price Analysis: SOL/USD aims $150

TL;DR Breakdown The Solana price analysis forecast is bullish for today.Volatility is high at the moment.SOL finding support at $135. On the 5-day Solana price analysis chart, The RSI was seen hovering towards the overbought region. This suggests that the market has generally been bullish in the past week. The long-term technical indicators show that the bull market that saw its way last month might continue through the year. The Moving Average indicators show a bullish potential as the short-term indicator crossed above the 200- day Moving Average. The moving average lines consolidated at one point, meaning that the buyers wanted to enter the market. The price of Solana is now in a strong position, and we anticipate more setbacks to be followed with greater advances. Following today’s new lows for the long-term trend, which occurred at $130 rapidly, the long-term bearish trend will continue. We expect SOL/USD to rebound following such a significant decline after such a severe drop. Source: Coin360 The entire cryptocurrency heat map is red; This is an indication of the negative market trend. The giant virtual currency is trading in the same bear trend as the coin has dropped by a few thousand dollars and seems to be going further downwards despite reaching its $50 target two weeks ago. BTC is currently trading at $42.2. ETH is also trading in a severe bear trend so is the Binance coin (BNB). Even though the market has been b...

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