Price of Solana has been steadily rising and has now broken through $185 resistance. After seven days of fluctuation below the resistance level, Solana (SOL) broke through.

Bullish forecast for Solana's price over the long-term

The price of the cryptocurrency is nearing its predicted value of $200. Solana currently trades at $194 but is facing further rejection. The altcoin's price will reverse if it reaches the high of $202

If the altcoin is rejected above the overbought price, it could drop back to $170. After retreating to $189, the upside has encountered its first hurdle. If it maintains above the $185 resistance, positive momentum will return.

Solana Price Indicator Analysis

The price bars have broken the resistance of $185 and are now above the moving-average lines. Altcoins will continue to increase as long as 21-day SMA remains intact. Altcoin is dropping as it approaches overbought levels. The uptrend is likely to continue if the altcoin retraces, and remains above the moving-average lines.

Technical indicators

Key supply zones: $200, $220, $240

Demand zones: $120 ($100), $80

What's the next step for Solana?

Solana is now in the overbought zone of the market. The price of cryptocurrency has dropped and is now approaching the $185 breakout level. If the value of the cryptocurrency retraces, and remains above the $185 support level, then the upward movement will begin. Otherwise, there will be selling pressure.

CryptoGuestPosts stated that on July 23, the upward trend was expected to continue up to highs between $188 and $204.

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.com. Before investing in funds, readers should conduct their own research.