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Cryptoknowmics 2022-07-05 13:44:13

SOL Technical Analysis: SOL Breaks Above $35.65 Level

Solana price analysis indicates that the asset is presently in an upward trend. However, it has encountered resistance at the $36.87 mark. There is strong support for the coin at the $32.76 level. The value of Solana is currently trading above $35 and appears to be on its way up in the near future. SOL is up by nearly 3% in the last day and is currently trading at $35.65. The coin’s market capitalization is $12,065,545,692, with a 24-hour trading volume of $1,300,920,494. The price of Solana has been on a tear in recent weeks, as the altcoin market has begun to heat up once again. Following a period of consolidation around $30, SOL prices have begun to rise and are now trading above $35. Solana Price Movement in the Last 24 Hours The Solana price chart on a daily basis shows that the coin has met resistance at the $36.87 mark and may rise higher to $40 if it breaks above this barrier. If the price does not break above this resistance level, however, we may see a retrace toward the $32.76 support level. The daily 50-MA and 200-MA are presently at $34.09 and $33.15, indicating that the most likely path of least resistance is to the upside. Source: TradingView On the 24-hour chart, SOL/USD has formed a bullish flag pattern as the Moving average convergence divergence indicator is currently in the optimistic range. This shows that the coin is likely to continue its climb in the near future. The current RSI for the pair is approach...

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