Amid the ongoing recovery sentiment in the kodavimo rinka, the Solana price rebounded from the local support of $12.75. this bullish reversal carried the price rally of 15.3% in the last two days. Moreover, this price jump triggered a bullish double-bottom pattern increasing further growth potential in Solana.
Pagrindiniai klausimai
- Completing the double bottom pattern, the Solana price is poised for an 11% rise.
- The daily- candle closing below the $14.4 mark will invalidate the bullish thesis.
- 24 valandų prekybos Solana moneta apimtis yra 836 mlrd. USD, o tai rodo 19% prieaugį.
Šaltinis-Tradingview
In response to the recent uncertainty in the crypto market, the Solana monetos kaina resonated in a defined range stretched from $15 to giving it a closer look; this consolidation shows the formation of a double bottom pattern.
In technical analysis, this bullish reversal pattern is quite famous at the market bottom, encouraging a directional rally upon the break out of its neckline resistance. Thus, with a 5.7% intraday price jump, the Solana price gave a massive breakout from the $14.4 neckline resistance.
After a daily candle closing above the $14.4 resistance, the prices are expected to revert lower and retest the breached level as possible support. The new flip support will act as a launchpad to bolster further price growth. In theory, the potential target for this pattern is the same distance covered between the neckline and base support shot from the breakout point.
Thus, a post-retest rally shall drive the Solana Price 11% higher to hit $8.57
On a contrary note, the in-between resistance of $15 has registered bullish growth since last month. Therefore, a daily candle closing below the $14.4 mark will weaken the bullish thesis and continue the following consultation for longer periods.
Thus, traders look for a safer entry for buying above the $15 mark.
Techninis rodiklis
Santykinio stiprumo indeksas: As RSI indikatorius, which reflects the strengths of recent price action, suggests a bullish outlook. Despite the sideways trend, the indicator slope constantly rises, suggesting increasing bullish momentum, which supports the $15 breakout.
EMA: the recent price pierced the 20 DMA slope, which offers an extra edge for buyers
Atsparumo lygis - 14.3 ir 15 USD
Palaikymo lygiai – 2.75 USD ir 11.3 XNUMX USD
Pranešimas Solana kainos prognozė: štai kodėl SOL atrodo pasirengęs viršyti 15 USD barjerą? pirmiausia pasirodė „CoinGape“.
Source: https://coingape.com/markets/solana-price-prediction-heres-why-sol-seems-ready-to-surpass-15-barrier/