Here is a brief analysis of Solana (SOL) trends for the coming weeks:
Technical analysis and recent trends:
Current trend: The trend of Solana is currently mixed, with analyses indicating a neutral or slightly bearish movement in the short term, but a bullish trend in the long term (weekly).
Volatility and rebound: After a correction, the price of SOL has rebounded, showing renewed interest from traders. Some experts highlight that the price has tested and held key support levels.
Key price levels:
Resistance: Immediate resistance levels are between 175.$ and 180 $, with stronger resistance around 184 $. A break above these levels could pave the way towards the 190-200 $ zone.
Support: Immediate support is found between 168.$ and 171 $, with stronger support zones at 162 and 154-156. A drop below these levels could signal a further decline.
Technical indicators:
The RSI (Relative Strength Index) on the daily chart is neutral or has "reset," meaning it is neither overbought nor oversold, thus offering room for a continuation of the movement.
The MACD (Moving Average Convergence Divergence) has recently shown a bullish signal on the 4-hour and daily charts.
Moving averages (MA) show conflicting signals across different time frames, with a bearish trend on the 4-hour chart but a bullish trend on the daily and weekly charts.
