Solana Price Presents Buy Opportunity Before SOL Bulls Prepare for 30% Rally

Solana Price Presents Buy Opportunity Before SOL Bulls Prepare for 30% Rally

Solana Price Presents Buy Opportunity Before SOL Bulls Prepare for 30% Rally

By Sarah Tran | FXStreet

– Solana price has presented a long opportunity as it slid lower toward a crucial line of defense.
– A key technical indicator suggests that SOL has formed a local bottom.
– If bullish sentiment continues to increase, Solana price may eventually reach $130.

Solana price has presented a buy opportunity as it dropped to a critical level of support before resuming its prevailing uptrend. The Ethereum-killer is preparing for a major rally toward $130 as a technical indicator suggests that SOL may have just formed a local bottom.

Solana bulls target $130 next

Solana price has formed an ascending parallel channel on the 12-hour chart, suggesting a bullish outlook for SOL. The Ethereum-killer recently slid toward the lower boundary of the governing technical pattern which acted as a reliable foothold.

The Momentum Reversal Indicator (MRI) has recently flashed a bottom signal, suggesting that Solana price is preparing to reverse the period of underperformance.

The first obstacle for Solana price will emerge at the 50 twelve-hour Simple Moving Average (SMA) at $104, coinciding with the 38.2% Fibonacci retracement level.

Additional hurdles may appear at the middle boundary of the governing technical pattern at $108, intersecting with the 21 twelve-hour SMA, then at the 50% retracement level at $112.

An additional spike in buy orders may push Solana price higher toward the 61.8% Fibonacci retracement level, coinciding with the resistance line given by the MRI at $119.

SOL/USDT 12-hour chart

If buying pressure continues to increase, Solana price will eventually reach the bullish target at the upper boundary of the prevailing chart pattern at $130, where the 78.6% Fibonacci retracement level also sits.

However, if a spike in sell orders occurs, Solana price will once again retest the 23.6% Fibonacci retracement level as support at $95, then at the lower boundary of the governing technical pattern at $93.


Editor’s Note: 

New Global Currencies

New Resistance Global Currencies that support Independent Media and are against the “Great Reset” –

Our World Coin, a force for good and a peaceful revolution, is built to save humanity from the Globalists deadly Great Reset Totalitarian Agenda.

Bitcoin 2.0 is a new cryptocurrency that is looking to innovate the Global Payment System. It is backed by real value in independent media news sites & networks.

Truth Coin, a platform that’s free from Globalists’ control, and will not support the Great Reset Agenda or the vaccine digital passport. This enables everyone to support and benefit from building a better world, by the people for the people, a force for good.

Original Source:

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Comments

20 May 22
Enhanced colour supplementary [URL= - generic ed sample pack from india[/URL - [URL= - where can i buy ventolin hfa[/URL - [URL= - himcolin las vegas[/URL - [URL= - zanaflex no prescription[/URL - [URL= - tadalafil[/URL - [URL= - viagra flavored without dr prescription[/URL - [URL= - nyolol eye drops[/URL - [URL= - vardenafil[/URL - [URL= - elavil cost[/URL - [URL= - generic diarex tablets[/URL - [URL= - cheapest amoxil[/URL - [URL= - lagevrio[/URL - [URL= - low price albendazole[/URL - [URL= - cialis without dr prescription[/URL - [URL= - molnupiravir cheap[/URL - osteomyelitis, shelf bestow generic ed sample pack tablets ventolin online lowest cost himcolin generic zanaflex for sale low cost cialis 20mg viagra flavored nyolol eye drops brand vardenafil generic elavil lowest price amoxil tablets in india lagevrio price walmart albendazole cialis price molnupiravir lowest price grows, atypical laser buy cheap ed sample pack ventolin price of himcolin zanaflex without a prescription cialis mail order viagra flavored nyolol eye drops without a doctors prescription vardenafil online discount elavil cost diarex without a prescription lowest amoxil prices lagevrio price walmart lowest price albendazole 20mgs cialis online molnupiravir low cost venodilatation sites resectable.
20 May 22
Acute diuretics abolishes lifetime [URL= - buy budez cr online cheap[/URL - [URL= - zanaflex 6mg[/URL - [URL= - motilium[/URL - [URL= - discount torsemide[/URL - [URL= - hydroxychloroquine[/URL - [URL= - overnight prednisone[/URL - [URL= - pharmacy[/URL - pharmacy capsules [URL= - cheap molvir[/URL - [URL= - online order tritace[/URL - [URL= - zestril online ohio[/URL - [URL= - zoloft no prescription[/URL - [URL= - tadapox price[/URL - [URL= - deplatt from india express[/URL - [URL= - authentic hydroxychloroquine online[/URL - [URL= - retin a online[/URL - styloid, budez cr price walmart zanaflex lowest price for motilium torsemide lowest price torsemide generic hydroxychloroquine canada prednisone australian where can i get pharmacy pills canada molvir price of tritace 25 tablet zestril zoloft tadapox online deplatt 150mg best price canadian hydroxychloroquine best buy uk tretinoin cream neuroendocrine classes clone budez cr for sale zanaflex tizanidine cheap torsemide pills prednisone on line purchase pharmacy online molvir 5 mg generic tritace in australia buy cheap zestril online canada zoloft nz pharmacy best online perscriptions for tadapox deplatt 150mg générique hydroxychloroquine sales wallmart retin a unsatisfactory capture, deformation, practice?

ANR Meme Report

with Nadine Roberts

Episode 002

ANR Daily News

View all news