The price of Solana crypto has formed a mighty comeback, beating its previous high level, beginning from a major support level of around $81.0. The SOL has already gone past its previous high price mark of $121.0 and has banged the above resistance level reaching new price peaks.
At the time of publishing, the crypto had inclined by 4.17% in the last 24 hours and was trading at $170.91 at press time. Therefore, if the demand for Solana increases unexpectedly more on the upside, the asset price could continue to jump from the current level. Then the next goal for the price could be to reach $200.0 while the resistance would be at $185.
It further exhibits a great price surge possibility to new peak levels. As price structure shows good inclination from the current resistance turned support level of $121.0.
On observing the price chart data over the daily chart, the Solana asset is showing bullish signs and the price structure presents the capacity over the daily chart that it has the potential to extend further. It has performed well in the past week, month, and quarter with a 29.14%, 51.32%, and 123.39% surge respectively, implying a solid uptrend. Moreover, the SOL crypto asset is revealing bullish potency and rising capability as it maintains above major 20 and 50-day EMA bands.
However, if the Solana crypto price fails to stay above the $160.0 level, it could decline further and could reach $140.0 as well.
At the time of publishing, the crypto had inclined by 4.17% in the last 24 hours and was trading at $170.91 at press time. Therefore, if the demand for Solana increases unexpectedly more on the upside, the asset price could continue to jump from the current level. Then the next goal for the price could be to reach $200.0 while the resistance would be at $185.
It further exhibits a great price surge possibility to new peak levels. As price structure shows good inclination from the current resistance turned support level of $121.0.
On observing the price chart data over the daily chart, the Solana asset is showing bullish signs and the price structure presents the capacity over the daily chart that it has the potential to extend further. It has performed well in the past week, month, and quarter with a 29.14%, 51.32%, and 123.39% surge respectively, implying a solid uptrend. Moreover, the SOL crypto asset is revealing bullish potency and rising capability as it maintains above major 20 and 50-day EMA bands.
However, if the Solana crypto price fails to stay above the $160.0 level, it could decline further and could reach $140.0 as well.