Solana

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/sol-price-analysis-buyers-kick-back-solana-eyes-30/">SOL Price Analysis: Buyers Kick Back, Solana Eyes $30?&nbsp;</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Starting the Asian markets on a bullish note, the SOL price jumps sharply overnight. With 2.58%, Solana prices overcome the bearish clouds set by the 3.27% on Thursday. Further, the buyers assert dominance over the 50-day EMA and propel the bounceback. 
With the buyers back in play, the possibility of a high-spirited Uptober rally increases and improves the overall sentiment. Further, the ongoing uptrend supports the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana price prediction</a>, anticipating a bullish journey above $30 in the upcoming altseason.&nbsp; 
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As the SOL price jumps from the 50-day EMA, the $22 mark and the resistance zone prove crucial once again. The price jump comes as a retest and keeps the guillotine of post-retest reversal intact.&nbsp; 
Currently, the Solana prices trade at $22.05 with an intraday growth of 0.92%, teasing a potential uptrend in the coming days. Further, the channel breakout in the daily chart remains prominent and hints at an uptrend to $30.&nbsp; 
However, the possibility of an uptrend facing opposition at $25 is notable and teases a potential double top reversal in SOL price if the market faces another hiccup.&nbsp; 
Technical Indicators: 
EMA: The proximity of the 50-day and 200-day EMA signal increases the possibility of a golden crossover.&nbsp; 
RSI indicator: The RSI indicator reverses sharply from the overbought zone to fall below the 14-day SMA. However, the RSI line remains above the halfway line, indicating that there is still bullish momentum left in the uptrend. 
<h2 class="wp-block-heading" id="h-will-the-sol-price-reach-30">Will the SOL Price Reach $30?</h2> 
If the SOL price remains above the 200-day EMA, the likelihood of an uptrend continuing to the $28 level is significantly higher. Furthermore, the uptrend could result in a golden cross and start a bullish chain reaction to reclaim further resistance levels. 
However, if the downtrend continues below the key EMAs, it could jeopardize the bullish dominance at the psychological level of $20. In such a case, the Solana price might retest at $19.45

SOL Price Analysis: Buyers Kick Back, Solana Eyes $30?

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