SOL Price Prediction: Solana Gearing For Another Lift-Off to $25

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	518,131,453,821	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

518,131,453,821

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	26,580.71	29,187.39	29,187.40

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

26,580.71

29,187.39

29,187.40

High Price	Low Price	Open Price	Prev. Close	52 Week Range
			26,580.71	15,500.00 - 31,862.21

High Price

Low Price

Open Price

Prev. Close

52 Week Range

26,580.71

15,500.00 - 31,862.21

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:58:59	0.003152	26,580.71	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:58:59

0.003152

26,580.71

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

SOL Price Prediction: Solana Gearing For Another Lift-Off to $25

20/03/2023 5:53am

NEWSBTC

Solana is slowly moving higher above the $22 resistance against the US Dollar. SOL price could rally further if there is a clear move above the $22.80 resistance. Sol price is showing positive signs above the $20 pivot level against the US Dollar. The price is now trading above $22 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $21.00 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could rise further if it clears the $22.80 and $23.00 resistance levels. Solana Price Aims Higher This past week, solana price found support near the $18.50 zone. The price formed a base and started a decent increase above the $20 resistance, similar to bitcoin and ethereum. There was a steady increase above the $21.00 level. The bulls were even able to pump the price above the $22 resistance zone. However, the bears are still active near the $22.80 resistance zone. A high is formed near $22.95 and the price is now consolidating gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $18.76 swing low to $22.95 high. SOL price is now trading above $22 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $21.00 on the 4-hours chart of the SOL/USD pair. Source: SOLUSD on TradingView.com On the upside, an immediate resistance is near the $22.80 level. The next major resistance is near the $23.00 level, above which the price could gain bullish momentum and rise towards the $25 resistance. Any more gains might send the price towards the $26.50 level. Dips Supported in SOL? If SOL fails to clear the $22.80 resistance, it could start a downside correction. An initial support on the downside is near the $21.50 level and the trend line. The first major support is near the $20.80 level. It is near the 50% Fib retracement level of the upward move from the $18.76 swing low to $22.95 high, below which the price could test $20.00 and the 100 simple moving average (4-hours). The next major support is near the $18.80 level. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $21.50, $20.80 and $18.80. Major Resistance Levels – $22.80, $23 and $25.

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