Solana coin price forecast
The pivot point for Solana is located around $147.20 with the nearest resistance at $164.56, further resistance at $185.94 followed by $204.26. If its current momentum continues, SOL price may succeed in breaching these barriers, indicating the possibility of continuing its current upward trend.
On the other hand, support levels are found at $126.23, then $110.96, followed by $92.64; These levels can play a pivotal role in the price’s recovery if it is exposed to downward pressure.
The Relative Strength Index (RSI) is currently at 39, indicating that Solana is approaching the oversold zone. If this indicator continues to decline, it may stimulate investors' interest in purchasing it.
The 50-day Exponential Moving Average (EMA-50) is at $156.28 as a potential resistance level, and given its proximity to the current price of the coin, this indicates that Solana is testing important technical levels.
In short, although the current technical outlook for Solana coin's performance looks optimistic above $147.20, a drop below it could trigger a bigger sell-off.
Therefore, investors and traders will closely monitor these levels, as breaking them higher could lead to more gains, but if Solana fails to consolidate, this will push her to retreat below the support levels.
