Solana (SOL) prices surged above the moving average lines, reaching a high of $97.
SOL price long-term prediction: bullishHowever, buyers were unable to maintain positive momentum above the $100 level. The price had previously broken above the 21-day and 50-day SMA boundaries during a period of sideways movement. Following the rejection at the recent high, the cryptocurrency price has now fallen but remains above the 50-day SMA.
On the downside, if bearish momentum pushes the price below the moving average lines, Solana could fall to its previous lows of $80 and $75.
Technical indicatorsKey supply zones: $220, $240, $260
Key demand zones: $140, $120, $100
SOL price indicators 
However, the price action has been marked by Doji candlesticks, causing the altcoin to remain range-bound. Doji candlesticks indicate that traders are uncertain about the market direction.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
