SOL Explodes 35% in a Week, Here’s The Next Target (Solana Price Analysis)

cropped potato fav2 32x32 1

The buyers stepped in for Solana as they managed to take the cryptocurrency above $44.

Key Support levels: $44

Key Resistance levels: $59

Solana managed to break the key resistance at $44 and turned it into support. In doing so, SOL surged past the ascending triangle, which is now being tested as support. If this level is maintained for the mid-term, then the path to $59 becomes easier.

Chart by TradingView

Technical Indicators

Trading Volume: The buying volume increased sharply yesterday, which allowed the price to rally all the way to $44. Today, buyers were a bit timider but still managed to push SOL above this key level.

RSI: The daily RSI exploded higher and is not closing in to 70 points which would place it in the overbought area. This is bullish.

MACD: The daily MACD is bullish with expanding moving averages and histogram. The momentum favors bulls right now, and there are no signs of weakness.

Chart by TradingView


The short-term bias for SOL is bullish.

Short-Term Prediction for SOL Price

Solana just flashed a considerable change in its mid-term trend with this latest breakout. If the buyers manage to keep its price above $44, then they will likely have total control of the market momentum – at least until the next key resistance at $59.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.