Solana (SOL) prices are holding above the moving average lines after being rejected at the $90 level.
SOL Price Long-Term Prediction: RangingThe cryptocurrency was repelled twice at $90 when the altcoin moved above the moving average lines. Currently, bears and bulls are competing for control above the moving average lines.
Technical indicatorsKey supply zones: $220, $240, $260
Key demand zones: $140, $120, $100
SOL Price Indicators AnalysisThe price bars are declining as bears attempt to push the price below the moving average lines. Price movement has been stagnant as Doji candlesticks continue to form. The 4-hour chart shows that the cryptocurrency price has slipped below the upward-sloping moving average. The cryptocurrency is likely to continue to decline.
Currently, buyers are purchasing the dips as the price falls below the $85 support level. The cryptocurrency has been trading above $85 but remains below the moving average lines. On the downside, if sellers push the price below the current $85 support, Solana could fall to $80. However, if the existing support holds, an upward trend may begin.
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.
