Solana (SOL) price has been on a steady flow since late August, as the broader market reacted to the US Securities and Exchange Commission (SEC) delay
As social dominance grows for SOL, the token is moving north, with momentum indicators to back it up. Notably, Solana price currently resides within the $19.85 to $19.41 demand zone, which is an order block often characterized by aggressive buying. Increased buying pressure from this zone could send the purported Ethereum killer up 10% to the $22.09 resistance level.
In a highly bullish case, Solana price could break past these resistance levels to retest the July to August highs at around $25.23. Noteworthy, the odds for such an outcome would become even greater ifMeanwhile, the Relative Strength Index is moving up, which points to rising momentum. Similarly, the histogram bars of the Awesome Oscillator are edging toward the midline, also adding credence to the upside.
Notably, both momentum indicators are in dangerous zones, the RSI below 50 and the AO in the negative, leaving the SOL market susceptible to a bearish takeover. Noteworthy, a drop below $18.41 would render the demand zone a bearish breaker. Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The Top 10 Comic Shop Monthly Bestseller List For August 2023In recent weeks, Bleeding Cool has been running a Top Ten Bleeding Cool Bestseller List for the week's comic book sales in comic book shops. The chart is
Lire la suite »
Bitcoin price likely to fall 10% from current levels this September, crypto analyst saysBitcoin (BTC) price has historically hurt traders that take long positions in September, with strategy analyst Benjamin Cowen predicting double-digit
Lire la suite »
Manhart's Ford Bronco BC 400 Has Raptor-Matching Specs But Is Limited To 10 UnitsThe German tuner extracted 415 hp from the 2.7-liter Ecoboost
Lire la suite »
10 Action Movies That Became Unexpected Box Office HitsThese action movies hit big at the box office.
Lire la suite »