The crypto markets continue to consolidate as the global crypto market capitalization settles at around $1.18 trillion, down less than 0.2%. Furthermore, the star cryptocurrency Bitcoin continues to trade within a tight region as its dominance continues to increase. Amidst the hustle between the major tokens, Solana is leading her own way towards higher goals.
The SOL price has maintained a decent increase since the beginning of the month and is expected to continue for the rest of the month. Currently, the price has broken through a bearish resistance line that has held strong for a couple of months. This could be a great sign of rising volatility, which may be in cryptocurrency’s favor in the long run.
As seen above, the price has risen above the intermediate resistance line or the downtrend line. The RSI is rising and therefore the price is also expected to sustain a noticeable rise and test the immediate resistance between $26.29 and $27.02. The price is expected to reach these levels over the weekend and after a bit of a correction, it may continue to sustain a healthy rally towards $30.
On the other hand, the RSI is heading towards overbought levels and therefore a bit of a pullback might be possible. Therefore, Solana’s price prediction for the week is quite bullish and therefore it can head towards $30 only if it breaks above the crucial resistance at $24 and then $26.
This post Solana doesn’t seem to be stopping anytime soon – has the SOL Bull Run started?
was published first on https://coinpedia.org/price-analysis/solana-does-not-seem-to-stop-anytime-soon-has-the-sol-bull-run-begun/
