Trading King

06/12 04:31

Solana (SOL) Price Analysis: Solana price today

Solana (SOL) Price Analysis:

Solana price today is showing renewed bullish momentum, as it has invalidated negative trends, to trade above crucial moving averages on both the hourly and daily charts. At the time of press, it is trading at $158.87, well above the 100 SMA support at $144.82.

A bullish move above the $164 resistance could take the price to $178.50, which would seek impetus from a potential golden cross. Contrarily, a drop below the intraday low of $153 could pull the SOL price to the $140 range. If the bulls maintain the trend, Solana could target $200 soon. Crypto analyst Ali expects the SOL price to 5X-10X if it breaks above the $200 mark.

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