SOL/USD Daily Chart (Binance) – Source: TradingView
The U.S. decision to bomb three Iranian nuclear compounds seems to have brought some temporary peace to the region as the North American country brought a gun to a knife fight.
The $140 level has been pivotal for Solana during its recent push to $185. Now that the price has recovered above this mark, it could once again serve as a launchpad for the token’s next leg up.
The 200-day exponential moving average (EMA) stands as the most relevant resistance to watch and the price has already rejected a move above this level once.
SOL has broken its descending price channel already and seems to have retested it from above in the past couple of sessions.
The 9-day and 21-day exponential moving averages (EMAs) seem ready to make a ‘golden cross’ that would confirm a buy signal. However, cautious traders may wait for the price to jump above the 200-day EMA to confirm a bullish outlook in the near term.
The Relative Strength Index (RSI) has been rising and currently sits at 52, meaning that the uptrend has been gaining strength. The oscillator is also above its 14-day moving average.
All of these indicators favor a bullish Solana price prediction. A plausible target could be set at $185 for the next few days.
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