🚨🚨$SOL trading signal with 15minutes Timeframe technical analysis and future price prediction ✅👇👇
As of December 21, 2024, Solana (SOL) is trading at approximately $191.85 USD.
Technical Analysis:
Moving Averages:
Short-Term (4-hour timeframe): Both the 50-day and 200-day moving averages are trending downward, indicating a bearish short-term outlook.
Long-Term (Daily timeframe): The 50-day and 200-day moving averages are sloping upward, suggesting a bullish long-term trend.
Relative Strength Index (RSI): The RSI is within the neutral range of 30-70, indicating neither overbought nor oversold conditions.
Support and Resistance Levels:
Support is identified at $203.
Resistance is around $220.
A bullish pennant formation suggests a potential target of $255 if the pattern holds.
Future Price Predictions $SOL
Short-Term (by January 16, 2025): Analysts predict a potential increase of approximately 10.39%, reaching around $239.79.
Mid-Term (by December 21, 2024): Forecasts suggest a modest rise of about 1.52%, bringing the price to approximately $210.80.
Long-Term (by 2030): Projections estimate the price could reach approximately $255.89, indicating a potential increase of around 34% from the current price.
