Solana (SOL), which has been rising almost continuously for the last week, may ring alarm bells when it breaks the technical structure in the downward direction.
With the dark clouds in the cryptocurrency market dissipating, SOL made an upward attack, reaching $ 20.42 from $ 17.27, achieving a performance of 18 percent in a week. The popular coin, which has managed to maintain its rising trend despite various rumors, is currently traded at $ 20.19. However, the increasingly difficult technical structure may cause trouble for the SOL. So what prices can be followed on SOL?
Solana (SOL) technical analysis
SOL, which started its rise at $17.27, reached $20.19 in a short time, showing a positive outlook for both its ecosystem and investors. The major coin, which violated its rising trend several times during this period, managed to survive. However, if we consider that the technical structure is becoming increasingly difficult and the market is still in an uncertain situation, we can watch different price movements for SOL in the short term.
In order for SOL to continue its upward momentum, both the fundamental analysis and technical sides need to continue strong. For technical analysis, the levels that can be followed in upward movements are 20.19 – 20.89 – 21.31 and 22 dollars, respectively. A reversal of the news flow to a negative state or a sudden decline of BTC could push the SOL price down to $19.31 – $18.54 and $17.90 respectively.
60905
