SOL Price Prediction: Solana Turns Sell On Rallies As It Breaks $20

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	360,137,145,916	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

360,137,145,916

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-17.06	-0.57%	2,988.97	2,988.96	2,989.00

Price Change

Price Change %

Current Price

Bid Price

Offer

-17.06

-0.57%

2,988.97

2,988.96

2,989.00

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,038.17	2,977.67	3,013.33	3,006.03	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,038.17

2,977.67

3,013.33

3,006.03

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GEMN	13:40:37	0.002423	2,989.04	USD

Exchange

Last Trade

Size

Trade Price

Currency

GEMN

13:40:37

0.002423

2,989.04

USD

Price x Volume	Volume	Base Symbol	Related Pairs
73,036,754.20	24,284.86	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

73,036,754.20

24,284.86

SOL Price Prediction: Solana Turns Sell On Rallies As It Breaks $20

25/05/2023 5:30am

NEWSBTC

Solana gained bearish momentum and traded below $20 against the US Dollar. SOL price might now struggle to recover above the $20 and $21 resistance levels. SOL price is showing bearish signs below the $20.50 resistance against the US Dollar. The price is now trading below $19.80 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $19.90 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could recover but upsides might be limited above $20. Solana Price Extends Losses This past week, Solana’s price started a fresh decline from well above $21. SOL gained bearish momentum and was able to trade below the $20.50 support. The bears gained strength and pushed the price below the $20 support. The price is now showing bearish signs below $20, similar to Bitcoin and Ethereum. A low is formed near $18.70 and the price is now consolidating losses. SOL is now trading below $19.80 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $19.90 on the 4-hour chart of the SOL/USD pair. On the upside, immediate resistance is near the $19.80 level and the trend line. The next major resistance is near the $20 zone or the 50% Fib retracement level of the downward move from the $21.51 swing high to the $18.70 low. The main resistance is now forming near the $20.50 level and the 100 simple moving average (4 hours). Source: SOLUSD on TradingView.com The 61.8% Fib retracement level of the downward move from the $21.51 swing high to the $18.70 low is also near $20.50. A close above the $20.50 level could resend the price toward the $21.50 resistance zone. Any more gains might send the price toward the $22 level. More Losses in SOL? If SOL fails to clear the $20.50 resistance, it could continue to move down. Initial support on the downside is near the $19.00 level. The first major support is near the $18.80 level, below which the bears might gain strength. In the stated case, Solana price may perhaps decline toward the $18.20 support. The next major support is near the $17.50 level. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $18.80, and $18.20. Major Resistance Levels – $20.00, $20.50, and $21.50.

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