Key Levels to Watch
While the short-term outlook for Solana looks strongly bullish, the ongoing consolidation in the largest cryptocurrency Bitcoin continues to keep an uncertain sentiment in the market. In case the SOL price breaks below the $100 mark, the coin holders can mark crucial support at the $84 and $72 mark which coincides with 38.2% and 50% FIB level respectively. Any correction below 50% would start to reflect weakness in buyers’ conviction.
Relative Strength: The daily RSI slope above 60% projects the market sentiment to be bullish.
Bollinger Band: Over the past two months, the Bollinger Band indicator has offered dynamic support to SOL price.
$SOL
