1
Technical indicators are positive, as SOL is trading above the EMAs, and the MACD histogram is converging, suggesting a potential bullish crossover soon.
2
The volatility index for Solana is relatively low at 0.031, highlighting price stability.
The price action shows a fierce battle between bulls and bears at the supply level, after a long bullish rally on the daily chart. SOL is trying hard to sustain at the upper levels.
At the time of publishing, the price surged 0.90% to $181.20. SOL is trading above the 20-day and 50-day EMA bands. Moreover, the MACD histogram has started converging and the RSI is at 53.15 approaching 14-SMA to cut from below.
Therefore, if the price manages to maintain support at the $170 price level, the price could advance higher from the supply level and could blast upward to achieve targets like $200, and $210. However, if the SOLANA price decreases from the $170 level, it could deteriorate below and towards low
We współpracy z: https://www.thecoinrepublic.com/2024/04/08/will-solana-keep-on-thrusting-upwards-after-a-halt-or-fall-soon/
