Solana price movements seem to have picked up a significant amount of strength. And, with this gathered strength price action is targeting higher resistance. Also, other trading indicators are as well portraying positivity in this market
Solana Forecast Statistics Data:
SOL current price: $35.42
SOL market cap: $12.51 billion
SOL circulating supply: 353.8 million
SOL total supply: 511.62 million
SOL Coinmarketcap ranking: #9
Despite all the noticed positive displays, it is still necessary for us to closely examine this market, to make wiser trading decisions. Additionally, this analysis will as well cover the SOL/BTC market.
Major Price Marks:
Resistance levels: $35.42, $36.20, $37.50
Support levels: $34.95, $33.99, $32.14
Solana Eyeing Higher Price Marks, Buy TAMA and Buy Long
Price activity on SOL/USD daily chart reveals that Solana’s value may soon break some significant resistance level. Both the 9 and 21 days MA have successfully fallen under the array of bullish price candles. With this activity, the price of Solana will move upwards, when the MA lines cross each other under the price candle. Furthermore, considering the display of the MACD we can see that the lines of the indicator are steadily rising towards the positive region. Additionally, the histogram’s bars are growing on the positive side, which signals a gradual gain in Upside momentum. Judging by all these readings the price level of $36 may soon be broken to the upside.
Solana Price Deduction: SOL/BTC Begins May Have Begun an Upside Correction
Following a rejection around the resistance of $0.001700, SOL/BTC price movements seem to have commenced an upside correction. On this chart, we can see that price activity retraced lower resistance with a long bearish candle. Nevertheless, the appearance of a bullish price candle throws in a bit more optimism. But contrary to this positivity, this bullish price candle has only formed under a crossing of the MA lines. Unless buying pressure continues enough for the next candle to form as a bullish one, we may witness more downside correction.
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Furthermore, the MACD maintains positivity of upside value movement, as its lines appear to continue their upward move. Consequently, traders in this market can only anticipate that price will rise. Therefore the best move to make here is to position a pending entry order around 0.001500 price level.
Tamadoge completed the seventh phase of the presale over a month after it kicked off. The TAMA token was priced at 1 USDT = 40 TAMA during this seventh phase. After the $13.25 million milestone was achieved, the token’s price appreciated to 1 USDT = 36.36 TAMA, which is now the eighth phase. The eighth phase will be completed soon if the demand continues piling up at the rate it has done over the past month. The next phase will be the ninth and final phase. The price will also be higher during this phase as 1 USDT = 33.33 TAMA tokens.
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