Solana rose by 6 % daily, here the key resistance (SOL price analysis) is

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Von Krypto News Österreich

Solana continues to develop despite a decline in the buying volume and have recorded an increase of 6 %in the last 24 hours.

Important support levels: $ 20

Important resistance levels: $ 27

The resistance at $ 27 keeps the bulls in check. They were rejected on Saturday at this level. Sol has formed an ascending triangle, and a big outbreak is expected in the coming days. If the bulls fail, the price can quickly fall on the $ 20 support.

Solusdt_2023-01-26_17-34-43 Diagram of Tradingview

trade volume: The considerable buying volume has made it possible to stay on the offensive, but the dynamic leaves after.

rsi : The day-RSI is just under 80 points and makes lower highs. This is Bearish.

macd : The daily MacD is still bullish, but can make a decline in at any time based on the histogram, which also forms lower highs.

Solusdt_2023-01-26_17-35-07 Diagram of Tradingview

bias

The tendency for Sol is neutral at this point.

Short-term prediction for the SOL Prize

There are some clear signs that Solana may not be able to overtake the key resistance at $ 27. Buyers really have to do something to achieve this, and the current volume and the indicators do not show it.

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