Solana Continues The Recovery Above The $140 Support

Solana (SOL) is currently trading above the moving average despite being rejected at the high of $156. Solana price long-term prediction: bullish After the retracement above the moving average or support of $145, the altcoin has started to trade sideways. The price of the cryptocurrency is fluctuating little as the doji candlesticks are in the positive trend zone. Solana can reach a high of $180 if the $155 barrier is breached. Solana will continue to move sideways if the bullish scenario is false. However, if the bears break the 21-day SMA support, the altcoin will fall above $130. SOL price indicator analysis The upward sloping moving average lines are below the price bars. The altcoin’s 21-day SMA is above the 50-day SMA, indicating a bullish crossover. The bullish signal has stopped below the barrier at $155. The price bars on the 4-hour chart are above and below the moving average lines. Doji candlesticks were used to describe the price fluctuations. Technical indicators Key supply zones: $220, $240, $260 Key demand zones: $140, $120, $100 What is the next move for Solana? Solana is currently moving sideways after its uptrend ended on April 25, as Coinidol.com wrote previously. The digital asset has been trading above the $140 support and below the $155 resistance over the past week. The cryptocurrency’s prices are falling slightly towards the lower price zone. On the daily chart, SOL has consolidated above the moving average lines. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. Source: https://coinidol.com/solana-continues-recovery/