🔥Solana Price Prediction: SOL Replicates Uptrend, Targeting $80
🥳1 SOL price continues to surge and extend gains beyond $70.
👍2 Buyers persisted in accumulating and targeting the $80 mark.
💎Solana price action produced the higher highs pattern and continued to surge over the past few sessions. The chart shows the continuation of the rally. SOL coin surpassed the swing hurdle of $70 and is targeting the $80 mark. Moreover, the price action highlights the buying momentum. Also, follow on buying was witnessed on the chart. Furthermore, the buyers are looking aggressive now and have trapped the sellers, which has led to a massive short-covering move in the past few sessions.
Solana price displays a bullish bias, and a positive trend signals the buying interest, where SOL continues to gather momentum and persists in extending the rally. In the past few sessions, Solana price continued to take support on the 20-day EMA mark and pulled back decisively, forming a clear higher high pattern. Additionally, the Solana coin surpassed the significant moving averages and traded in bullish trajectory.
The live price of Solana coin is $70.85 with an intraday gain of 12.90%, showing bullishness on the chart. Moreover, the trading volume increased by 13.63% to $4.15 Billion. However, the pair of SOL/BTC is at 0.00164 BTC, and the market cap is $30.31 Billion. Furthermore, analysts have maintained a buy rating and suggest a growth outlook for the upcoming sessions.
🏦On the daily chart, the Solana coin witnessed a vertical spike from the lows of $20, and a sharp rebound led to reclaiming neutrality in recent sessions.
The RSI curve stayed in the overbought zone and formed a positive divergence, highlighting the outperformance on the chart.The MACD indicator shows a bullish crossover and formed green bars on the histogram, suggesting a favorable bullish outlook for the upcoming sessions.
Disclaimer:This article just for education not financial advise.
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