Solana Price Prediction: SOL Soars Upwards
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Solana (SOL) Price Prediction: May 2
Assessing the price action of Solana, it’s evident that the market is gaining momentum. The upward rebound from the previous session has persisted to this point. Can this trend be sustained?
SOL/USDT Long-term Trend: Bullish (Daily Chart)
Key Levels:
Resistance Levels: $140.00, $150.00, and $160.00
Support Levels: $130.00, $120.00, and $110.00
Solana Price Prediction: SOL/USDT Eyes the $150 mark
SOL/USDT: Daily Chart
Solana’s price action has surged from the lower boundary of the Bollinger Bands, a trend observed in the previous session and continued in the ongoing session. Currently, the market remains below the mid-level of the Bollinger Bands indicator. However, a bullish crossover is evident on the Stochastic Relative Strength Index (SRSI) indicator, suggesting potential upward momentum in price movements.
Solana Price Prediction: Where Is SOL/USDT Headed?
Analyzing the prevailing trend in the SOL/USDT market since the previous session on a daily price chart, it’s apparent that the trend is evolving. Nevertheless, the fact that price action still resides below the mid-level of the Bollinger Bands implies potential rejection at this part of the indicator.
Additionally, the bullish crossover on the SRSI indicator indicates a strengthening bullish momentum. Moreover, the last price candle exhibits an upward contraction, indicating active buying pressure. Consequently, further upward movements are anticipated in this market.
SOL/USDT Medium-term Trend: Continuation of the Trend (4-H Chart)
The Solana 4-hour market reflects a sustained upward trajectory since rebounding from the lower band of the Bollinger Bands. The previous session in this market appears to have found support at the mid-level of the Bollinger Bands. The current session continues to steer the market upward, nearing the uppermost boundary of the Bollinger Bands.
However, considering the expansion of the uppermost boundary, it suggests that a rejection may not occur, providing the market with the potential to reach the $150 mark. The crossovers on the SRSI indicator are still nascent and may yield moderate upward forces, propelling the market toward the aforementioned target.
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