Solana $174 (SOL) experienced a price dip Coming
Technical Indicators Signaling Upsurge for Solana
Though SOL’s price faced selling pressure after nearing the resistance line of its rising channel, it successfully maintained support at the midline.
This dynamic is expected to facilitate upward movement, according to technical analysts. The convergence of the 20-day exponential moving average and the 200-day moving average is recognized as a “golden cross” signal. If this signal materializes, prices are anticipated to first aim for $177 and then target the historical peak of $296.
With the Relative Strength Index (RSI) holding at 69, buyers are confirmed to remain in the game. As the indicator does not enter the overbought territory (above 70), it suggests that prices might rise at a more balanced pace. Besides technical data, improvements in the network’s fundamental metrics are underscored as supportive to SOL.
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