Solana increases by 34 %weekly, but does the New Year rally run out of breath? (Sol price analysis)

Solana increases by 34 %weekly, but does the New Year rally run out of breath? (Sol price analysis)

In a somewhat surprising movement, the course of Solana exploded last week and brought the bears on the defensive.

Important support levels: $ 9.5

Important resistance levels: $ 15

After Solana had fallen into the single -digit range (almost $ 8), it seemed to be intended to continue the declining course. However, this was interrupted on Monday when the price suddenly rose higher after finding good support at $ 9.5. This meant that Sol ended the last seven days with a price increase of 34 %. The resistance is $ 15 and the price of Sol reached $ 14th

Diagram of Tradingview

trading volume: The volume exploded on Monday and stayed up until Wednesday. Today the volume opened in red and the price falls, which could mean that a pullback is likely.

rsi : The daily RSI quickly moved over 50 points and reached almost 60 points. If bulls manage to keep it over 50, the tendency could become bullish.

macd : The day macd completed an interest bullish cross on Monday and the histogram continues to form higher highs. As long as this stays that way, the prospects remain positive.

Diagram of Tradingview

bias

The tendency for Sol is slightly interest bully at the moment, but buyers have to break over $ 15 to confirm this.

Short-term prediction for the SOL Prize

At this point, the biggest challenge for Solana is to break the resistance brand of $ 15. That would confirm a trend reversal and make the chart Bullish. But even if this does not succeed, as long as the buyers hold the price in the double -digit range, this can still be seen as a significant victory for them.

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