SOL/USD quotes is trading at the time of the publication of the forecast at the level of 157.62, continues to move within the growth and the beginning of the development of the “Wedge” reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area between the signal lines upwards, which indicates pressure from coin buyers and potential continuation of growth from current levels. As part of the SOL/USD rate forecast, it is worth considering an attempt to develop a minor correction in the value of the digital asset and a test of the support area near the level of 130.05. From where an upward rebound and an attempt to continue the growth of the Solana cryptocurrency with a potential target above the level of 200.05 are expected again.
Solana Forecast September 30 — October 4, 2024
An additional signal in favor of an increase in SOL/USD asset quotes for tomorrow will be a rebound from the broken trend line on the relative strength indicator. The second signal will be a rebound from the upper border of the “Wedge” reversal pattern. The cancellation of the option with the growth of the Solana cryptocurrency will be a fall and a breakout of the 105.05 area. This will indicate a breakout of the support area and a continuation of the fall in SOL/USD quotes with a target below the level of 65.05. A breakout of the resistance area and closing of quotes above the level of 165.05 will serve as confirmation of the growth of the cryptocurrency.
Solana Forecast September 30 — October 4, 2024 suggests an attempt to develop a coin correction and test the support area near the level of 130.05. Then, continued growth to the area above the level of 200.05. An additional signal in favor of Solana growth will be a test of the trend line on the relative strength indicator (RSI). The cancellation of the growth option will be a fall and a breakout of the 105.05 area. This will indicate a continued decline in the cryptocurrency with a target below the level of 65.05.
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