SOL/USD Could Spike Above $25 Level

The Solana price prediction shows that SOL heads toward the upper boundary of the channel as the coin touches the $23.35 level.

Solana Prediction Statistics Data:

• Solana price now – $23.18
• Solana market cap – $9.1 billion
• Solana circulating supply – 393 million
• Solana total supply – 539.3 million
• Solana Coinmarketcap ranking – #10

SOL/USD Market

Key Levels:

Resistance levels: $30, $32, $34

Support levels: $17, $15, $13

SOL/USD is currently trading at $23.18 after touching the daily low of $22.19 and it is likely to head toward the upper boundary of the channel. However, if the buyers were able to keep the price above the 9-day and 21-day moving averages, the market price could rally toward the upside.

Solana Price Prediction: Solana Gets Ready for Upward Movement

According to the daily chart, the Solana price is moving close to the resistance level of $25 as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is also moving to cross above the 60-level with the signal line pointing up to indicate a buy signal.

Nevertheless, if the buyers were able to keep the price above the 9-day and 21-day moving averages, the Solana price may cross above the upper boundary of the channel to hit the potential resistance levels of $30, $32, and $34 while crossing below the moving averages may bring the coin to the supports at $17, $15, and $13 respectively.

Against Bitcoin, the Solana price is moving upward, and it could swing high to cross above the upper boundary of the channel which could locate the resistance level of 950 SAT and above. On the other hand, if the market price slides below the 9-day and 21-day moving averages, it could reach the support level of 650 SAT and below.

However, the technical indicator Relative Strength Index (14) is currently crossing above the 50-level as the signal line points to the north to confirm the bullish movement. Moreover, any further bullish movement towards the upside may create additional gains above the channel.

Alternatives to Solana

The Solana price is hovering at $23.18 but the coin has not been able to reclaim the resistance level of $25 as it consolidates above the 9-day and 21-day moving averages. At the moment, the Solana price may continue to follow the upward movement as the daily chart shows that the formation of a bullish movement is likely to play out. However, the LHINU token maintains the fundamental principle of decentralization by protecting voters’ identities. Therefore, this makes it easy to join the community, buy tokens, stake LHINU, and vote on topics. At the time of writing, the Love Hate Inu has raised close to $9 million in the presale.

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