Solana's (SOL) price has dropped below the moving-average lines, but the selling pressure has eased over the $180 support. Since Dec. 20, Solana's price has held above $180 resistance but below the 21-day SMA.

Solana long-term forecast: bearish

Solana has been gaining today and is approaching the 21-day SMA. The altcoin's uptrend will continue if the bullish momentum breaks over the 21-day SMA or 50-day SMA. The cryptocurrency will try to reach its previous highs at $240 and $256. Solona's rise will continue above its current support level at $180, if it does not break above the moving-average lines. Solana's current value is $216.

Solana price indicator analysis

The price bars have a lower value but are still testing the resistance of 21-day SMA. If the price breaks above the resistance of the 21-day SMA, it will reach its 50-day SMA. When the moving average lines break, an uptrend starts. On the 4-hour graph, the price is now above the moving-average line. The $220 high could be a resistance to the upward movement.

Technical indicators

Key Resistance Levels: $220. $240. $260

Key support levels: $140, $120, $100

What's next for Solana?

Solana trades between $180 support and $220 resistance. Bulls and Bears are currently fighting for price control near the 21-day SMA. The future performance will be determined by whether the cryptocurrency breaks above moving average lines, or falls below its previous high.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.