Solana's (SOL) price is moving positively and above the 21-day moving averges.
Solana long-term forecast: bearish
The crypto is currently above the 21-day SMA, but below the 50 day SMA. The bullish momentum is continuing and is nearing the 50-day SMA, or resistance at $163.
If the price of cryptocurrency goes above the SMA 50-days or the resistance of $163, Solana can rally to its previous highs at $200 and $210. Solana, on the other hand, will be stuck between moving average lines and will be rejected by the 50-day SMA at $163 or the resistance. Solana is expected to fluctuate between $140-$160 until a trend emerges. SOL/USD was $158 when this article was written.
Solana's uptrend has resumed as long as the price bars of the 4-hour chart are above the moving-average lines. As the price bars are trapped between the moving-average lines, the uptrend will be met with resistance. Moving average lines slope upwards, signaling an uptrend.
Important Supply Zones: $100, $120 and $140
Important demand zones: $80, $60, $40
Solana's price is on an upward trend as it rises above its 21-day SMA. Altcoin is rising, and it's approaching the previous high $160. This was the previous resistance. If the altcoin is able to break through the $160 resistance, the uptrend will continue. If the recent high is not broken, then the cryptocurrency will move in a sideways direction.
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not represent a recommendation to purchase or sell cryptocurrency, and should not be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
Bulls are in trouble, and the top altcoins below will lose value by April 2024. Altcoins are continuing their sideways movement after breaking through key support. Some of these cryptocurrencies have been covered.
Prices of Helium (HNT), a cryptocurrency, are falling in a sideways fashion. Altcoins had previously reached a peak of $10, before falling into a sideways pattern. Before its decline, the altcoin price range was between $5.50 to $10.00. Bulls purchased the dips, and the altcoin dropped to $3.65. HNT was worth $5.00 when this article was written.
The cryptocurrency is currently trapped between moving average lines. It oscillates between moving average lines. If HNT closes above its 50-day moving average, it is likely that the trend will continue upward. The altcoin is likely to test its previous peak of $10. This altcoin has the best performance with the following characteristics.
Current price: $5.03
Market capitalization: $1.122.228,357
Trading volume: $31,553,976
7-day gain: 30.69%
After reaching resistance at $0.144, the price of TRON is now falling. The altcoin dropped below the moving-average lines and hit a low of $0.0010. TRON recovered over the current support of $0.10 and the altcoin rose beyond the moving average lines.
TRON's previous high of $0.144 will be reclaimed if the bullish momentum is maintained above the moving-average lines. If the bears breach the SMA 21-day line, however, the downward trend will resume. TRON is the second best performing altcoin and has the following features.
Current price: $0.1207
Market Capitalization $10.565.021.232
Trading volume: $482,396,714
7-day loss: 4.20%
KuCoin Token's (KCS) price is falling in a sideways fashion. The altcoin reached a price high of $16 in the last few days before it was dumped. Altcoin dropped to $7.62 but bulls purchased the dips. KCS corrected up and broke above the 21-day SMA, but failed to surpass the 50-day SMA.
Altcoins are currently worth $9.39. The cryptocurrency is trapped between moving average lines. The KCS coin, the third most valuable, has these characteristics:
Current price: $9.49
Market Capitalization: $1.614,732,954
Trading Volume: $1,905,486
7-day Gain: 2.98%
GateToken (GT), while in an upward trend, has dropped below the moving-average lines. Altcoins have fallen from a peak of $11.47. Altcoins plunged from a high of $11.47 to $6.28 after rejecting it. Bulls purchased the dips. GT has corrected upwards and is stuck between the moving-average lines.
If buyers maintain the price above 50-day SMA, the altcoin could return to its former high of $11. GT is the coin with the fourth best performance. It is characterized by:
Current price: $7.60
Market Capitalization: $2.278,516,231
Trading volume: $7,263,593
7-day gain: 1.44%
UNUS SED LEO is currently in a sideways movement and trading under the overhead resistance of $6.20. Altcoins are currently trading between $5.60 and $6.20. Doji candlesticks have slowed the price movement. The price of cryptocurrency is currently trading between moving average lines. The altcoin begins to rise when the moving average line is broken. LEO's current value is $5.89. FLOKI is the fifth most popular cryptocurrency. It offers the following benefits:
Current Price: $5.84
Market Capitalization: $5,765,858,934
Trading volume: $1,296,590
7-day gain: 1.43%
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
