Solana bullish uptrend prepares to rally above $35
We have a bullish forecast on Solana for the remainder of 2016. We are long-term believers in Solana, and we think Solana has a solid future. Solana is a blockchain protocol designed to enable a global marketplace. Solana is similar to Ethereum in that it allows developers to launch dApps, but Solana is also a platform that can be used to build decentralized applications such as payment systems, identity systems, and voting systems.
Solana has been a popular project for its potential to significantly increase the security of both private and public blockchain networks. The team believes that is a project with the potential to fix many of the problems plaguing the blockchain industry today, such as increased centralization, fluctuating fees, and long confirmation times. In the team’s view, Solana can also be used to provide micropayments to content creators.
The price of Solana has been on a steady uptrend since the start of the year. The breakout of the channel resistance on January 9th marked a change in the trend. The uptrend continued with the price reaching the 100EMA on February 12th and the 200EMA on the 15th. The uptrend is now preparing to break above the resistance of the channel, and then continue to the 200EMA and then perhaps even higher, eventually targeting $35 per Solana.. Read more about solana price prediction 2030 and let us know what you think.
Summary of the situation
Solana has activated many long green candles on the daily trading chart.
At the time of writing, Solan’s exchange rate to the US dollar is $34.2050.
Solana Price Analysis: General price analysis
Solana, like almost all other altcoins, is correcting today near Monday’s bounce level at $35. The coin has activated many long green candles on the daily trading chart. These candles serve as a green light for market participants to wake up from yesterday’s sell signal and identify potential profit taking over the next 48 hours.
Moreover, the market has been in the red for some time and any movement is beneficial for the bulls. The Solan chipping index suggests little fluctuation over the next 12 hours and should remain in the $32.9 to $37.0 price range. In the past 24 hours, trading volume has increased by 7% and the market capitalization has reached $9 billion. Solana thus became the 14th president of the United States. Altcoin with full capitalization.
The currency has already broken out of last week’s resistance triangle and passed the 200% moving average (SMA). Immediate support for Solana lies at the 100% moving average at $29, and a break below this level would open the door for a correction to $26.5. This is consistent with last week’s price level.
Solana price development in the last 24 hours
The Solan Bollinger Bands are intact on the 24-hour chart, indicating low volatility. The MACD is bullish: the blue line has crossed the red line. The currency’s trading volume exceeds $310 billion, and the bulls are hoping for a rise above $34.
The intraday low is $32.90 and the intraday high is $34.178. You can see how narrow the daily range has remained since the start of the day.
Solana’s 4-hour class schedule
At the time of writing, the exchange rate of the Solana to the US dollar is $34.2050. The Relative Strength Index is moving from neutral to overbought territory and is currently at 40. The $35 price level acts as key resistance after the bulls successfully broke the weekly price barrier at $32. If Solana breaks resistance, bulls can expect a move to $39, with the next target at $42 – $44.
Completion of Solana price analysis: Baseline
Solana’s short-term outlook is positive. However, given the prevailing downward pressure around this psychological boundary, there is probably no chance of breaking through the $35 boundary. Ideally, the currency could trade sideways and there is a good chance that the correction will reach $32.
Denial. The information provided in this price analysis for Solana does not constitute business advice. .com is not responsible for any investment made based on the information contained in this page. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.In my 2017 New Year’s list of predictions, I warned that bitcoin would rally above $3500 in 2018. I’m happy to report that my prediction came true, although not by the amount I had anticipated. That said, I’d like to reaffirm my contention that bitcoin is continuing to rally. While there is no guarantee that the price trend will continue into 2019, the long-term uptrend is firmly in place.. Read more about solana price prediction reddit and let us know what you think.