The price of Solana (SOL) rose to a high of $253 but was rejected at the overhead resistance level of $260.
Solana price long-term prediction: bullish
Since November 18, 2024, Solana has been rejected three times at the $260 overhead resistance level. With each rejection, Solana falls below the moving average lines.
Yesterday, the altcoin fell below the moving average lines but was stopped by the 50-day SMA support. If Solana loses the 50-day SMA support, it will fall further to $155. However, if the 50-day SMA holds, the altcoin will be forced to move within its limited range. Solana is currently at $212.
Technical indicators
SOL price indicators analysis
The price bars are trapped between the 50-day SMA support and the 21-day SMA line. The moving average lines are sloping upwards, suggesting that the previous rise could continue. On the 4-hour chart, the moving average lines show a downtrend. The 21-day SMA is below the 50-day SMA, indicating a downtrend.
SOL/USD daily chart – September 24, 2025
What is the next move for SOL?
SOL has slipped below the moving average lines on the 4-hour chart. The cryptocurrency fell to a low of $204 before beginning its upward trend. In prior price movement, the altcoin has reversed after establishing support above $200.
Now, SOL is trading above the $200 support but below the moving averages. If the current support holds, the altcoin will begin its bullish ascent.
SOL/USD 4-hour chart – September 24, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.