For the reason that FTX collapse, Solana has been shifting sideways and holding above $12. Nevertheless, value motion now means that this might change quickly, and curiously, a day after the SBF was arrested, there was a constructive end result.
solana value evaluation
Most important assist stage: $12.5
Most important resistance stage: $15.5
Solana has discovered good assist at $12 and has not damaged beneath this vital stage since November. Patrons are actually trying to push the SOL larger and he’ll problem the $15 resistance. Present momentum is flat, however this might simply change.
technical indicators
Buying and selling quantity: Shopping for picked up yesterday and should proceed because it closed inexperienced.
RSI: The day by day RSI is rising with larger lows and better highs. That is promising and bullish.
MACD: The day by day MACD is bullish, however the momentum is flat because the histogram exhibits. This might rapidly flip bullish if shopping for stress will increase.
bias
SOL’s bias is impartial. To be bullish, a purchaser has to purchase Solana at $15 or extra for him.
Quick-term forecast of SOL value
Now that sellers are exhausted, Solana appears to have just one strategy to go. Even when this does materialize, the bears might nonetheless come again with a key resistance at $15.
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