Solana (SOL) holds the 9th position on CoinGecko right now. SOL price prediction 2022 is explained below with a daily time frame.
The above chart of Solana (SOL) laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.
If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Solana (SOL) is at $42.18. If the pattern continues, the price of SOL might reach the resistance level of $57.06. If the trend reverses, then the price of SOL may fall to $35.70
Solana (SOL) Support and Resistance Levels
The chart below shows the support and resistance levels of Solana (SOL).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Solana (SOL).
Resistance Level 1 – $46.80
Resistance Level 2 – $66.92
Resistance Level 3 – $108.62
Resistance Level 4 – $144.42
Resistance Level 5 – $208.50
Support Level – $28.56
The charts show that SOL has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $208.50.
Accordingly, if the investors turn against the crypto, the price of the SOL might plummet to almost $28.56, a bearish signal.
Happy Trading !!
The above chart of Solana (SOL) laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.
If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Solana (SOL) is at $42.18. If the pattern continues, the price of SOL might reach the resistance level of $57.06. If the trend reverses, then the price of SOL may fall to $35.70
Solana (SOL) Support and Resistance Levels
The chart below shows the support and resistance levels of Solana (SOL).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Solana (SOL).
Resistance Level 1 – $46.80
Resistance Level 2 – $66.92
Resistance Level 3 – $108.62
Resistance Level 4 – $144.42
Resistance Level 5 – $208.50
Support Level – $28.56
The charts show that SOL has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $208.50.
Accordingly, if the investors turn against the crypto, the price of the SOL might plummet to almost $28.56, a bearish signal.
Happy Trading !!
