Solana Price Analysis: Key Support and Resistance Levels
- Price Range Analysis: Since February, Solana (SOL) has been trading within a range of $78.17 to $97.79, recently facing strong selling pressure at the $98 resistance level, causing a decline to $91, indicating significant market focus on this range.
- Breakout Potential: If Solana can close above $98 on a daily basis, it is expected to propel the price beyond the current range, with potential target levels rising to $107 and $117, reflecting optimistic market expectations for its future trajectory.
- Short-Term Balance Point: Data from MCO Global Español shows that Solana's price has recently found balance around $93, with support between $91.97 and $90.25 demonstrating buyer resilience; if maintained, it could challenge $97 again in the short term.
- Risk Warning: Should SOL fall below $90.25, it may face a retest of support levels at $77.95 and $75.40, indicating a shift in market sentiment, prompting traders to closely monitor these key thresholds to assess future movements.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 68.616 | 76.058 | 83.526 | 90.968 | 98.436 | 105.878 | 113.346 |
| Fibonacci | 76.058 | 81.754 | 85.272 | 90.968 | 96.664 | 100.182 | 105.878 |
About SOL
About the author
