Solana (SOL) eyes $210 as amid make-or-break resistance
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Solana’s price has maintained an upward trend in recent days, fueled by increased demand for the popular altcoin. Currently trading at $148.06, SOL has risen by 2% in the past week despite broader market stagnation.
Solana’s Relative Strength Index (RSI) is in an upward trend at 59.16 as of this writing. This indicates that SOL buyers are gradually gaining strength, which could cause its price to maintain its uptrend.
Moreover, SOL’s positive Balance of Power (BoP) supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At writing time, SOL’s BoP is 0.80, suggesting buyers are in control and attempting to push the price higher.
If the ongoing demand for SOL persists, the coin may rally beyond this resistance. A successful retest could trigger a surge toward $209.90, a high Solana’s price last reached in March.
However, a failed retest of this resistance line could send Solana’s price plummeting toward $110.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.