SOL/USD are trading at 134.50 and continue to move within the growth and bullish channel. Moving averages indicate the presence of a short-term bullish trend for Solana. Prices have gone up from 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 128.05. Where can we expect a rebound and continued growth of the Solana rate again with a potential target below the level of 175.05.
Solana Forecast SOL/USD April 5, 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 upper border of the descending 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 110.05. 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 85.05. With the breakdown of the resistance area and the closing of quotes above the level of 145.05, we should expect confirmation of the price rise.
Solana Forecast SOL/USD April 5, 2022 suggests an attempt to correct and test the support area near the level of 128.05. Where should we expect a rebound and continued growth of SOL/USD to the area above the level of 175.05. 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 area of 110.05. This will indicate a continuation of the fall of the cryptocurrency with a target below the level of 85.05.
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