Solana

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   Dec 18, 2023 at 06:43 // 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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 <p><strong>The price of Solana (SOL) is still within the positive <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> zone, even though the upward <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> has come to a standstill. <br> </strong></p>
 <h2 style="text-align: justify;" id="solana-price-long-term-forecast-bullish">Solana price long term forecast: bullish</h2>
 <p style="text-align: justify;">On December 8, the current up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> was interrupted at the high of $75. The bullish momentum reached a high of $77 and $79 on December 9 and 15, respectively, but was rejected. The cryptocurrency traded below the recent high last week in anticipation of an up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>. Solana will reach a high of $100 if it breaks the previous high. The 21-day SMA support will continue to support the bullish momentum. The current rise will be halted if the bears break above the 21-day SMA support. The price will then drop to a level above $55.</p>
 <h2 style="text-align: justify;" id="solana-price-indicator-analysis">Solana price indicator analysis</h2>
 <p style="text-align: justify;">Solana's up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> is still intact and the price is hovering above the 21-day SMA. If the 21-day SMA is breached, the current up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> will come to an end. The price bars are above the moving average lines, which are rising upwards. The market is also on the verge of becoming overbought.</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.16.jpg" src="https://cdn.thebittimes.com/images/2023/12/18/6e7c0689066562e5cf85cf8d928245d0.webp" height="491" title="SOLUSD_(Daily Chart) – DEC.16, 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 an up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>, with prices between $64 and $78. The bulls have retested resistance at $75 in the last 48 hours, but to no avail. The price of the cryptocurrency has retested the two extremes of the range.</p>
 <p style="text-align: justify;"><img width="1024" alt="SOLUSD_(4-hour Chart) – DEC.16.jpg" src="https://cdn.thebittimes.com/images/2023/12/18/195ef835a41641a144bf264b82e7ca28.webp" height="491" title="SOLUSD_(4-hour Chart) – DEC.16, 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.&nbsp;&nbsp;</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-s-price-uptrend-stops-at-75-and-threatens-to-sink-tbt74013.html">https://thebittimes.com/solana-s-price-uptrend-stops-at-75-and-threatens-to-sink-tbt74013.html</a></p>

Solana's Price Uptrend Stops At $75 And Threatens To Sink

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TheBitTimes

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