Solana Can Rally Over 20% If It Breaches This Level
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Over the past few trading sessions, the Solana price has been lacking direction. It is currently showing a bearish trend. The daily chart indicates that SOL has lost almost 4% of its value. Over the past week, it has fallen by 5%, erasing most of its gains due to the recent decline in price. Additionally, the technical outlook for Solana is bearish. Demand has been falling as buyers have stayed away. SOL also depicted negative accumulation at the time of writing. Although SOL is currently heading in a bearish direction, there is still potential for a rally if it breaks
The Solana price has slowly crept up over the last few weeks, moving from a low of $127 back in June to now trading over $200 at the time of this report. This surge has been propelled forward by the emergence of new runners on the blockchain such as the…
Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price might continue to rise steadily toward the $30 zone in the near term. SOL price is showing positive signs above the $24 level against the US Dollar. The price is now trading near $25…