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Solana is up 1.29%, indicating strong bullish momentum from CoinEdition

Solana is up 1.29%, indicating strong bullish momentum from CoinEdition

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Solana is up 1.29%, indicating strong bullish momentum Solana is showing uptrend action as prices surge over 2.04%. Prices are facing support at $12.77. The Solana is up and is heading towards a confluence of resistance levels at $13.54.

Solana’s price analysis shows an uptrend with a series of higher highs and higher lows. Over the past two weeks, Solana’s price has surged from $11.98 to a high of $13.28, up 1.29%. The bulls have been defending the key $12.77 support for the past few days and have not allowed the price to break below this level.

SOL is currently testing the $13.54 resistance and a break above it seems possible. Looking at the daily chart, Solana’s price analysis shows that it is currently trading in an upward channel, currently trading at $13.28 over the same period. Solana’s trading volume has been steadily increasing and hit an all-time high last week.

Solana price analysis shows that market volatility follows an uncertain closing move, making SOL prices less susceptible to volatile changes. As a result, Bollinger’s Band caps at $14.20 and acts as the strongest resistance point for SOL. Conversely, the lower boundary of Bollinger’s Band is $9.07, which is the strongest support for SOL.

Post Solana adds 1.29% in value, indicating strong bullish momentum that first appeared on Coin Edition.

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