SOL/USD are trading at 117.74 and continue to move as part of a strong downward correction and a bullish channel. Moving averages indicate the presence of a short-term bullish trend for Solana. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support level near the area of 105.05. Where can we expect a rebound and continued growth of the Solana rate again with a potential target below the level of 160.35.
Solana Forecast SOL/USD April 8, 2022
In favor of the growth of quotes and the SOL/USD rate, a test of the trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the coin will be the fall in the value of the asset and the breakdown of the area of 100.05. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below the level of 80.05. With the breakdown of the resistance area and the closing of quotes above the level of 125.05, we should expect confirmation of the price rise.
Solana Forecast SOL/USD April 8, 2022 suggests an attempt to correct and test the support area near the level of 105.05. Where should we expect a rebound and continued growth of SOL/USD to the area above the level of 160.35. An additional signal in favor of the growth of Solana will be a test of the trend line on the relative strength index (RSI). Cancellation of the rise option will be a fall and a breakdown of the 100.05 area. This will indicate the continued fall of the cryptocurrency with the target below the level of 80.05.
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