The price is in the middle range of Bollinger bands, which may indicate stabilization after a period of decline. A trend reversal is possible if the price breaks the upper border.
Moving averages
The current price ($136.94) is hovering around the moving average (SMA 20), which could indicate an important moment for SOL. If the price breaks this resistance, we can expect a rise to higher levels, such as $154.43.
Support and resistance levels:
Support around $118.89 is keeping the price from falling further.
Resistance is located around $154.43. A break of this level will open the way for further growth.
MFI indicator:
The value of 51.33 indicates a neutral zone, which indicates a possible continuation of consolidation or the beginning of growth.
Forecast:
If the price manages to break the resistance level of $136.66 and consolidate above, SOL may continue to grow to $154.43. In case of failure, the price may test the support around $118.89 again.
Subscribe @Sasha why NOT
