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 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.
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.
Key Resistance Levels: $220. $240. $260
Key support levels: $140, $120, $100
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.
According to the latest report by CryptoGuestPosts, the price for Toncoin (TON), which hit $7.20 in the last price analysis, has dropped below the moving-average lines.
The cryptocurrency fell to a low price of $4.78, before starting a steady rise in a range above the $5.00 resistance and below the moving-average lines. TON will correct higher when it reaches its 50-day moving average. At the 50-day SMA, it is possible that the current uptrend will be broken. A break above the moving-average lines would indicate a continuation of an uptrend. If TON falls below its 50-day SMA however, the selling pressure will again increase. If the bears breach the $5.00 resistance, TON could fall as low as $3.65. TON currently trades at $5.64.
The cryptocurrency is falling, and the price bars are below moving average lines. Altcoins are currently in a correction upward that is nearing the moving average line. On the 4-hour chart the price bars are higher than the moving averages. TON will continue to rise so long as the price bars are above the moving averages.
Resistant Levels: $6.00 $8.00 $10.00
Support Levels: $5.00, $3.00, $1.00
On the 4-hour chart TON is increasing as the price bars are higher than the moving average lines. Altcoins will reach a price of $6.20 but may be rejected. On the daily chart TON's uptrend will continue if buyers maintain the price above moving average lines, and break through the $6.50 barrier.
Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. 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.
