Solana Aims to Break Higher Resistance, Makes Huge Profits on TAMA

Solana’s price action seems to be getting pretty strong.And with this collective strength, price action is targeting higher resistance. Other trading indicators are also showing positivity in this market.

Solana prediction statistics:
Sol Current Price: $35.42
SOL market cap: $12.51 billion
SOL circulation: 353.8 million
Total SOL supply: 511.62 million
SOL Coinmarketcap Ranking: #9

Despite all the positive displays that have been spotted, this market needs to be scrutinized closely in order to make smarter trading decisions. Moreover, this analysis also covers the SOL/BTC market.

Main price tag:
Resistance Levels: $35.42, $36.20, $37.50
Support levels: $34.95, $33.99, $32.14

Solana Targets Higher Price Marks, Buy TAMAs ​​and Buy Longs

Price movements on the SOL/USD daily chart show that the Solana value may soon break through some key resistance levels. Both the 9-day moving average and the 21-day moving move have settled nicely under a series of bullish candles. This activity causes the price of Solana to rise when the MA line crosses below the candlestick. Moreover, if we consider the MACD display, we can see that the line of the indicator is steadily rising towards the positive region. Additionally, the histogram bars are stretched on the positive side, indicating that the upward momentum is gradually building. Judging by all these readings, the $36 price level could be on the upside soon.

Solana Price Deduction: SOL/BTC Begins, Upward Correction May Begin

After being rejected near the $0.001700 resistance, SOL/BTC price action appears to have started an upward correction. On this chart, we can see that price action has followed a lower resistance with a long bearish candlestick. Nonetheless, the emergence of a bullish candle price is a little more optimistic. Unless the next candle sustains enough buying pressure to form as a bullish candle, we could see a further downward correction.

BUY SOLANA NOW

your capital is at risk

Moreover, the MACD maintains the aggressiveness of the upward price movement as its line appears to continue its upward movement. Therefore, traders in this market can only predict that the price will rise. So the best move to do here is to place a pending entry order at the price level around 0.001500.

Tamadoge has completed the 7th phase of the pre-sale, more than a month after the pre-sale started. In this 7th phase, the TAMA token price was 1 USDT = 40 TAMA. After reaching the $13.25 million milestone, the token price increased to 1 USDT = 36.36 TAMA and is now in the 8th stage. If demand continues to grow at the same pace as the past month, Phase 8 will be complete soon. The next phase is the 9th and final phase. The price will also increase in this phase as 1 USDT = 33.33 TAMA tokens.

Related