- When Solana’s 3-hour technical chart is examined, it can be seen that the price is moving in the support zone and has the potential to rise as long as it stays above the $21.93 level.
- As long as the SOL price remains above the $21.93 support level, it is inclined to rise towards the specified resistance levels.
- When Solana’s daily technical chart is also examined, it can be seen that the important support range between $22.51 and $21.34 affects the price movements and daily closings above the $21.34 level increase the potential for upward movement.
Solana’s technical analysis reveals that the price is moving at important support levels and certain critical points can determine the upward or downward trend in SOL price. This analysis focuses on examining the important support and resistance levels in the daily and 3-hour charts to understand the possible movements of SOL price.
Medium-Term SOL Price Analysis
Daily SOL/USD Price ChartWhen Solana’s daily technical chart is examined, it is observed that the price is moving within the important support range of $22.51 to $21.34. As long as the SOL price closes daily above the $21.34 level, it has the potential to rise towards the $27 level, starting from the mentioned support zone.
However, if the Solana price closes daily below the $21.34 level, there is a possibility of continuing the downward movement towards $20. Therefore, it is crucial for the SOL price to maintain the $21.34 level.
As long as the SOL price stays above the $21.34 level, there is a high probability of initiating the upward trend from the support range of $22.51 to $21.34. If Solana price starts to rise from this support, its main target is determined as $33.
Short-Term SOL Price
When Solana’s 3-hour technical chart is examined, it is observed that the price is moving within the support zone. As long as the SOL price continues to stay above the $21.93 level, it can make upward movements towards the resistance range of $25.49 to $26.36, starting the upward trend from this support zone as mentioned in the analysis.
As long as the SOL price stays above the $21.93 level, it tends to exhibit upward movement towards the specified resistance levels. However, if the SOL price closes below $21.91, it may want to experience a downward movement to clear the liquidity at the $21.33 level.
