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SOL price could reach a low of $30. Buy and hold TAMA

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Solana (SOL) price forecast is on the downside as the recent drop in the crypto world is likely to exacerbate the decline.

Solana prediction statistics:

  • Solana Current Price – $32.15
  • Solana market cap – $11.4 billion
  • Solana Circulating Supply – 354.1 million
  • Total Solana supply – 511.6 million
  • Solana Coinmarketcap Ranking – 9th

SOL/USD Market

Main levels:

Resistance Levels: $40, $45, $50

Support Levels: $25, $20, $15

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SOL/USD may not follow the bullish move as the coin is below the 9- and 21-day moving averages. Solana’s price is currently trading at $32.15 and at the time of writing he is facing the channel low from the high of $33.99.

Solana could go downwards and could buy and hold Gyokudoumo

Looking at the daily chart, Solana’s price is moving sideways. A bearish move towards the lower end of the channel could increase short-term selling pressure, but key supports could be around $25, $20, and $15. On the other hand, a bullish move above the 9- and 21-day moving averages could reach the next resistance levels of $40, $45 and $50.

However, the technical indicators may start another bearish session as the Relative Strength Index (14) has broken below the 50 level. However, it is not clear how long the session will last as both bullish and bearish sessions have been frequent in recent weeks. It is important to monitor the level of

Against Bitcoin, the market price is volatile as the coin is trading at 1647 SAT near the 9 and 21 day moving averages. Looking at the daily chart, the bulls could push the price higher if the coin turns positive towards the upper end of the channel.

SOLBTC – daily chart

However, if the market breaks below the moving averages, the next critical support could be below 1500 SAT. On the bullish side, an upside is likely and the market could sustain above the moving averages and reach resistance levels above 1850 SAT. As revealed in the technical indicators, the Relative Strength Index (14) may start following the downward movement as the signal line crosses below the 50 level.

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SOL price could reach a low of $30. Buy and hold TAMA

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