Solana is trading at the time of publication of the forecast at 177.09, continuing to move as part of the development of growth and a bullish channel. Moving averages indicate the presence of a short-term upward trend in the coin. Prices have broken through the area between the signal lines upward, which indicates pressure from coin buyers and potential continued growth from current levels. As part of the Solana exchange rate forecast for today, July 25, 2024, it is worth considering an attempt to develop a bearish correction in the value of a digital asset and a test of the support area near the level of 166.05. From where again a rebound is expected and an attempt to continue the growth of the Solana cryptocurrency with a potential target above the level of 215.05.
Solana forecast for July 25, 2024
An additional signal in favor of raising the quotes of the SOL/USD asset for tomorrow will be a rebound from the bullish trend line on the RSI indicator. The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option with the growth of the Solana cryptocurrency will be a fall and a breakdown of the area of 155.05. This will indicate a breakdown of the support area and a continued fall in SOL/USD quotes with a target below the level of 115.05. Confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotes above the level of 190.05.
Solana forecast for July 25, 2024 suggests an attempt to develop a correction of the coin and a test of the support area near the level of 166.05. Then, continued growth to the area above the level of 215.05. An additional signal in favor of a rise in Solana will be a test of the trend line on the relative strength indicator (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 155.05. This will indicate a continued decline in the cryptocurrency with a target below the level of 115.05.
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