SOL Breaks Above $30 Level, TAMA More Preferable

The Solana (SOL) price prediction is likely to show an upward trend if the market can rise above the 21-day moving average.

Solana Prediction Statistics Data:

Solana price now – $32.6
Solana market cap – $11.4 billion
Solana circulating supply – 352.9 million
Solana total supply – 511.6 million
Solana Coinmarketcap ranking – #9

SOL/USD Market

Key Levels:

Resistance levels: $40, $45, $50

Support levels: $25, $20, $15

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At the time of writing, SOL/USD is showing a positive movement as the market opens today. The market price crosses above the 9-day moving average with price growth of 5.86%. Aside from today’s little gain, the Solana price is still maintaining a sideways movement within the channel, and traders can expect the coin to spike above the 21-day moving average as soon as the bulls put more pressure on the market.

SOL May Reach $40 as 10000X Returns Coming on TAMA

If the Solana price continues to follow the upward movement, traders can expect a bullish continuation after testing the $30 level. As the technical indicator, the Relative Strength Index (14) moves above 40-level; the potential resistance levels could be located at $40, $45, and $50 in the long term.

However, if the coin moves in the same direction as revealed by the chart, the market price may either break into the upside or head to the south. Meanwhile, looking at the price formation, a bearish breakdown may likely play out for this market, and this could roll the coin back to the long-term supports at $25, $20, and $15.

Against Bitcoin, the Solana price is heading to the upside as the coin stays above the 9-day and 21-day moving averages. On the contrary, if the bears attempt to step into the market again, they are likely to keep releasing huge pressure on the market, but the technical indicator Relative Strength Index (14) may cross above 60-level, suggesting more bullish signals.

Nevertheless, if the coin falls and moves towards the lower boundary of the channel, it could hit the nearest support at 1600 SAT. Any further negative movement could lower the price to 1500 SAT and below. Looking at the upside, the coin may move towards the upper boundary of the channel. If the bulls manage to stay well above this barrier, the Solana price may locate the resistance at 1800 SAT and above.

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