SOL/USD are trading at 96.63 and continue to move within the correction and the bearish 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 rise in the value of the digital asset and a test of the resistance level near the 100.05 area. Where can we expect a rebound again and a continuation of the fall of the Solana rate with a potential target below the level of 41.05.
Solana Forecast SOL/USD February 4, 2022
In favor of falling 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 coin’s fall option will be a strong increase in the value of the asset and a breakdown of the 125.05 area. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the level of 155.05. With the breakdown of the support area and the closing of quotes below the level of 80.05, we should expect confirmation of the price fall.
Solana Forecast SOL/USD February 4, 2022 suggests an attempt to correct and test the resistance area near the level of 100.05. Where should we expect a rebound and a continuation of the fall of SOL/USD to the area below the level of 41.05. An additional signal in favor of a decline in Solana will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the area of 125.05. This will indicate a continued rise in the cryptocurrency with a target above the level of 155.05.
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