Technical Analysis of Solana (SOL): Is the rise continuing or is a correction coming?
The Solana (SOL) coin has seen a strong rise over the past few days, with the price rising from levels of $95.26 to touch $181.46, before currently stabilizing around $178.87, with a daily increase of approximately +4.47%.
Overall trend
Through the analysis of the chart on the daily timeframe, we observe that the overall trend of the currency is clearly bullish, supported by a positive crossover of the major moving averages. The price is currently trading above the three averages (EMA 7, EMA 25, and EMA 99), which reinforces the positive outlook in the short and medium term.
Overall trend
Through the analysis of the chart on the daily timeframe, we observe that the overall trend of the currency is clearly bullish, supported by a positive crossover of the major moving averages. The price is currently trading above the three averages (EMA 7, EMA 25, and EMA 99), which reinforces the positive outlook in the short and medium term.
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SOL
156.64
+4.15%