SOL Heads to the $35 Resistance; TAMA, a Meme Coin Game Change

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The Solana price prediction reveals that SOL may follow the bullish movement as the coin hovers around the $32.2 resistance level.

Solana Prediction Statistics Data:

  • Solana price now – $32.2
  • Solana market cap – $11.2 billion
  • Solana circulating supply – 349.5 million
  • Solana total supply – 511.6 million
  • Solana Coinmarketcap ranking – #9

SOL/USD Market

Key Levels:

Resistance levels: $40, $45, $50

Support levels: $25, $20, $15

SOLUSD – Daily Chart

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SOL/USD is likely to touch the nearest resistance level of $35 as the coin heads to the upside. However, traders can see that this crypto is moving bullishly as it is trying to create a new trend. The Solana price is currently trading at $32.2 after touching the daily high at $32.97 but has yet to cross above the 9-day and 21-day moving averages.

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The Solana price is beginning to create a new trend and a break above the resistance level of $35 could encourage more buyers to increase their entries, which could later push the price towards the resistance levels of $40, $45, and $50. On the downside, any bearish movement below the lower boundary of the channel could gain traction with the next focus at $30 support.

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Moreover, if the above mentioned-support is broken, the downside pressure may increase while the next support may be located at $25, $20, and $15. The technical indicator Relative Strength Index (14) confirms the bullish movement as the signal line moves to cross above the 40-level.

Against Bitcoin, the Solana price is likely to cross above the 9-day moving average. Meanwhile, a daily close above this barrier could encourage the bulls to extend the rally towards 1800 SAT and above. In other words, a close below the lower boundary of the channel could reverse the Solana price direction towards the daily support at 1500 SAT.

SOLBTC – Daily Chart

However, any further bearish movement could take the coin to the support of 1400 SAT and below. Meanwhile, there is a possibility that the crypto may begin the bullish trend as the technical indicator Relative Strength Index (14) moves to cross above the 40-level with the signal line facing up to indicate bullish movement.

Track the latest Solana price on CoinCodex.

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