Solana Price Prediction for Today, December 26 – SOL Technical Analysis
Release: 2024/12/27 04:49 Reading: 832
Solana Price Prediction: Resilience and Outperformance Potential
Solana's technical and fundamental indicators suggest its consolidation within a strong $180-$190 support zone, implying resilience and potential for outperformance.
Solana Price Data:
- Current price: $195.74
- Market cap: $94.17 billion
- Circulating supply: 590.93 million
- Total supply: 479.66 million
- Coinmarketcap ranking: #6
Solana's Historic Rise
Solana (SOL) has exemplified the significant potential of early crypto investments, rising an astounding +37,200.92% since its all-time low of $0.5052 on May 11, 2020.
Key Levels for SOL/USD:
- Resistance: $250, $270, $290
- Support: $145, $125, $105
SOL/USD Technical Analysis:
Solana is trading near a critical support level between $180 and $190, supported by a strong trendline and historical support. If buyers maintain the price above the 9-day moving average, a rally towards the upside is possible.
Solana Price Prediction:
- The daily chart indicates a potential bounce near the 9-day moving average, making this area attractive for accumulation.
- If buyers can push the price above the 9-day and 21-day moving averages, SOL could rise towards resistance levels at $250, $270, and $290.
- Conversely, a drop below $170 would extend the consolidation phase.
SOL/BTC Technical Analysis:
SOL/BTC is trending bearish within a descending channel, with persistent bearish pressure. A breakout above 24000 SAT could signal a potential reversal.
Solana Alternatives:
- Wall Street Pepe, a rising meme coin project, has raised over $36 million in its presale and offers a combination of hype and utility potential.
Disclaimer:
This information is intended for educational and informational purposes only and should not be construed as financial advice.
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