SOL (SOLUSDT) Surrounded by Positive Pressures – Analysis – 12-12-2024

The price of SOL/USD (SOLUSDT) has strengthened its gains during its recent trading at the moment levels, supported by its continuous trading above its previous 50-day simple moving average, and under the control of the main upward trend and its trading along a minor trend line in the short term, as we notice amidst that the beginning of positive signals from the relative strength indicators, after reaching areas of severe saturation with selling operations.

Therefore, we expect more rise in the price of the currency during its upcoming trading, as long as the support level of $204.46 remains stable, targeting the pivotal resistance level of $264.39.

The expected direction for the upcoming trading: Upward $SOL