SOL/USD set to break past the $90 resistance level

The Solana price analysis is bullish today as the coin surged past the $70 resistance level. There is strong resistance present at $90. The Solana trading price is currently at $50.

The MACD shows increasing bullish momentum while the RSI is above 50 levels, indicative of positive market conditions.

The bulls are looking to push SOL/USD above the $90 resistance and continue higher towards the $100 level. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

From a technical perspective, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin retrace back to $50.

From a technical perspective, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin retrace back to $50.

SOL/USD 4-hour price analysis: Latest developments

On the 4-hour Solana price analysis chart, we can see that Solana surged past the $70 resistance level and is currently trading close to the $90 resistance. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

The MACD shows increasing bullish momentum while the RSI is above 50 levels, indicative of positive market conditions.

On the daily chart, we can see that Solana has been on a strong uptrend since March and is currently trading close to the $90 resistance level. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

image 415SOL/USD 4-hour price chart source: TradingView

On the daily Solana price analysis chart, we can see that Solana has been on a strong uptrend since March and is currently trading close to the $90 resistance level. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

The MACD on the daily chart shows increasing bullish momentum while the RSI is above 50 levels, indicative of positive market conditions.

From a technical perspective, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin retrace back to $50.

Solana price analysis for 24-hours: SOL market closes

O n the daily chart, we can see that Solana surged past the $70 resistance level and is currently testing the $90 resistance. There is strong resistance present at $90 and a break above this level could see Solana testing the $100 level in the near term. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

image 416

SOL/USD 1-day price chart source: TradingView

The BollingerOL/USD 1-day price chart source: TradingView

The Bollinger Bands show that Solana is currently in a period of high volatility and a breakout from the current range could see the price move higher towards the $100 level. On the downside, support lies at $60 and a break below this level could see Solana retrace back to $50.

Solana Price Analysis Conclusion

In conclusion, the bulls are in control of the market and a move above the $90 resistance could see Solana testing the $100 level in the near-term. On the downside, support lies at $60 and a break below this level could see the coin ret

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Source: https://www.cryptopolitan.com/solana-price-analysis-2022-05-24/