Worth of Solana (SOL) Might Rise to $19.933 within the Subsequent Few Days

• Solana (SOL) was capable of print a 24-hour acquire of 1.49% to commerce at $19.49.
• The altcoin was within the means of flipping the $19.49 resistance stage into assist.
• SOL’s worth may rise to $19.933 if it is ready to efficiently flip $19.49 into assist.

Solana (SOL) was capable of print a 24-hour acquire in line with CoinMarketCap. At press time, the altcoin’s worth stood at $19.51 after it elevated 1.49% over the previous day. This constructive worth motion was unable to flip SOL’s weekly efficiency into the crimson, nonetheless, which remained within the crimson at -3.26%.

Along with strengthening towards the greenback, SOL was additionally capable of outperform the 2 crypto market leaders Bitcoin (BTC) and Ethereum (ETH). At press time, the crypto was up 0.14% towards BTC and 0.09% towards ETH. Moreover, SOL was buying and selling nearer to its 24-hour excessive of $19.54.

SOL’s worth had damaged above the $19.49 resistance stage and had additionally damaged above the 9 EMA and 20 EMA strains on the 4-hour chart. Ought to the altcoin’s worth shut right now’s buying and selling session above the $19.49 mark, it’ll have a transparent path to rise to the subsequent key resistance at $19.933.

Technical indicators on the 4-hour chart had been flagging bullish, with the RSI line buying and selling above the RSI SMA line and the 9 EMA line trying to cross bullishly above the 20 EMA line. A affirmation that SOL’s worth will rise to the aforementioned $19.933 goal within the coming days can be when the 9 EMA line on the 4-hour chart crosses above the longer EMA.

Alternatively, if SOL’s worth closes a each day session beneath $19.49 over the subsequent 48 hours, then it will likely be prone to dropping to the subsequent main assist stage at $19.093. There was some promote strain current at press time as bears had been making an attempt to push the altcoin’s worth again beneath the present assist stage. 

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