SOL Explodes 12% Today but How High Can it Go? Three Things to Consider Next (Solana Price Analysis)
Solana’s correction appears over as buyers prepare their next move.
Key Support levels: $44
Key Resistance levels: $67
1. Uptrend Resumes
Solana’s price increased by 12% in the past 24 hours. While this is an excellent performance in such a short time, the volume continues to make lower highs. If this momentum is to continue, then buyers have to step up even more.
2. Key Resistance at $67
Bears were unable to push Solana under $50 and since then, they lost control of the price. The biggest level on this chart right now is the resistance at $67. If broken, SOL could quickly approach three digits.
3. Daily RSI Makes Higher Highs
This reversal in the price action is also reflected by the daily RSI, which has made a higher high. This confirms that buyers are in control and could take Solana to the key resistance next.
Bias
The bias for SOL is bullish.
Short-Term Prediction for SOL Price
With the correction over, Solana’s path is open to challenge the resistance at $67 again and aim for new highs.
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