SOL Price Prediction:
SOL price has seen a valuation increase of 7.32% over the past day, with a trading volume change of +52.94% to $66.3 billion. Moreover, the altcoin recorded a 24-hour high and low of $143.01 and $131.97 respectively. Solana price further hints at a potential bullish breakout rally.
The Simple Moving Average (SMA) is about to record a bullish crossover on the 1D timeframe, highlighting an increase in bullish price action for the Solana cryptocurrency in the market.
Also, the RSI indicator is about to retest its midpoint, indicating an increase in buying and selling pressure in the cryptocurrency space. On the positive side, the average has recorded a bullish crossover, suggesting that Solana price will continue to rise this week.
If the bulls continue to gain momentum, the SOL token price will be ready to test its important resistance level of $155. Sustaining the price at this level will set the stage for the Solana token to move towards highs of $181.5. On the negative side, bearish price action could pull the price towards a low of $127.
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