Solana

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   Dec 04, 2023 at 06:13 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/649/900_900_1/bnlfcpeliysnyjt8fjj836zjltz58p03.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Solana (SOL) has survived two negative moments as sellers try to push the altcoin below the 21-day simple moving average.</strong></p>
 <h2 style="text-align: justify;" id="solana-price-long-term-prediction-ranging">Solana price long term prediction: ranging</h2>
 <p style="text-align: justify;">Solana is currently gaining value as it bounces above the 21-day simple moving average. At the time of writing, the altcoin had reached a high of $65.</p>
 <p style="text-align: justify;">Those who are buying are trying to reclaim the high price of $68. Once buyers break above the $68 resistance, the cryptocurrency value will reach a high of $110. On the other hand, Solana faces a decline if sellers fall below the 21-day SMA. SOL/USD will fall and find support above the $51 low.</p>
 <p style="text-align: justify;">In the meantime, bullish momentum is still present as the altcoin trades above the moving average lines.</p>
 <h2 style="text-align: justify;" id="analysis-of-solana-price-indicators">Analysis of Solana price indicators</h2>
 <p style="text-align: justify;">Solana is trading sideways, with price bars above the moving average lines. Since November 15, the altcoin has been trading above the 21-day simple moving average but below the $68 resistance level. If the altcoin is rejected at the $68 high, the 21-day SMA is likely to be retested or breached.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <p style="text-align: justify;"><b>Key supply zones: $60, $65, $70</b></p>
 <p style="text-align: justify;"><b>Key demand zones: $30, $25, $20</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="SOLUSD_(Daily Chart) – DEC.02.jpg" src="https://cdn.thebittimes.com/images/2023/12/04/9bbf9d4473c0ff8cef0135eec25560cc.webp" height="511" title="SOLUSD_(Daily Chart) – DEC.02, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-solana">What is the next move for Solana?</h2>
 <p style="text-align: justify;">Solana is in a range after breaking above the initial resistance of $62. The cryptocurrency is expected to return to its high price of $68. Buyers have maintained the sideways trend above the moving average lines since the uptrend ended on November 15. If the resistance at $68 is broken, the altcoin could resume its positive run.</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(4-Hpur hart) - DEC.02.jpg" src="https://cdn.thebittimes.com/images/2023/12/04/229c4f9b154c86866fbf21209ce1e4c6.webp" height="511" title="SOLUSD_(4-Hpur hart) - DEC.02, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-continues-his-positive-run-and-breaks-out-above-62-tbt72497.html">https://thebittimes.com/solana-continues-his-positive-run-and-breaks-out-above-62-tbt72497.html</a></p>

Solana Continues His Positive Run And Breaks Out Above $62

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