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Solana has been in an overall downward correction trend since the middle of last month. However, since around the 27th of last month until now, this crypto has been strengthening. Also, trading indicators show that this crypto’s price action lacks steam to move higher.
SOL Forecast Statistics Information:
SOL Current Price: $31.78
SOL’s market value: $11.11 billion
SOL transfer offer: 161.3 million
SOL total supply: 349.84 million
SOL Coinmarketcap Rank: #9
Is price action at the beginning of a bull run? What can we expect from this market? We will take these into account in this analysis.
Main Price Levels:
Resistance levels: $31.78, $36.00, $40.00
Support levels: $34.57, $30.00, $28.00
Solana is at the beginning of the Uptrend, buyers prefer Tamadoge
Price action on the SOL/USD daily chart has been going sideways for a few days. However, if the indicators at this point continue to be favorable, the price may rise permanently. Also, the recent candle here is green, and this indicates that buyers are increasing their buying pressure. It can also be seen that the Bollinger Bands are trying to adjust to show the current sideways direction of the market.
And, as this progresses, price action appears to be approaching the Bollinger midline. Also, Th RSI curves continue to move into the oversold territory after a minor correction. If the bulls continue their good form and develop more bullish momentum, Solana’s price will cross the Bollinger Center. Subsequently, this could soon push the price above $36, otherwise the price will retrace the lower supports.
Solana Price Prediction: SOL/BTC value continues to try higher.
The SOL/BTC market is showing promising signs that the price of this pair may rise further. We can see that the recent bullish candle is above the fast moving average and the moving average between the dates of 9/21 is bending. It also appears that the two MA curves tend to converge.
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Additionally, the RSI indicates that buyers are quickly bullish. At this time we can see that the RSI lines are at the 40.95% and 56.55% levels. Therefore, there remains more room for upward momentum to build. Also at this rate, traders in this market can expect more short-term gains, as the value may soon reach 0.001642.
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Tamadogge’s fundraising success is a testament to the fact that there is still a lot of appetite among crypto investors for quality products. The project, which has just launched, won the STEPN fundraising round, which raised $9.2 million from investors including FTX. Tamadoge is on track to surpass the success of the movement to get the app.
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