Solana (SOL), continues to trade above the $128 support, but below the $180 resistance. CryptoGuestPosts provides a price analysis.
Solana Price Long-term Outlook: Bearish
The $180 barrier has stopped the upward trend twice. The cryptocurrency is trading under the moving average but above the $128 resistance. The upward movement begins if buyers maintain the price above moving average lines, or $180 resistance.
Solana's price is currently rising above its current support level of $128. Solana's price could drop if bears breach the $128 support level. Altcoins will crash to their previous lows of $116. Solana was trading at $138 when this article was written.
After the rejection of $180, the cryptocurrency's price bars have fallen below the moving-average lines. Solana is therefore at risk of further decline. The altcoin is now above the $128 support level. The future of cryptocurrency prices is unknown.
Important Supply Zones: $200, $220 and $240
Important demand zones: $120, $100, $80
Solana's 4-hour chart shows a series lower highs, and lower lows after its rejection at $175. Altcoin dropped to $128 and then rebounded. SOL bounces as it approaches $126. The crypto signal is showing a sideways movement.
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 a endorsement by CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.
Since May 28, the price of TRON has traded below its moving averages.
On the 7th of June, the cryptocurrency recovered from its lows and crossed over the moving averages. Price of cryptocurrency fluctuates between moving averages, as it is stuck in a range. TRON currently trades at $0.116.
The altcoin trades above the 21-day SMA but below the SMA 50-day. TRON can reach a high of $0.05 if it is held above the 50-day SMA. If the altcoin loses its support from the SMA of 21 days, it will drop to $0.11 as the previous low.
TRON is caught in the middle of the moving average line.
Price bar is between moving averages, as it is stuck in a range. Altcoins are also trading between $0.114 and $0.119. The altcoin's trend will begin when the moving average line is broken.
Important Supply Zones: $0.13. $0.14. $0.15
Important demand zones: $0.10, $0.09, $0.08
TRON is trapped between moving average lines. Altcoins had previously fallen to a low price of $0.109, before recovering. Moving average lines stopped the rising trend. The cryptocurrency will begin to trend upwards if it breaks out from the moving average lines.
Last week CryptoGuestPosts stated that TRX had returned to its trading range, which indicated a sideways movement. TRX was trading between $0.10 - $0.122.
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.com. Before investing in funds, readers should conduct their own research.
