Solana (SOL) Price Prediction: Breakout Or Pullback Next?
Solana price today is trading near $202, extending a steady rebound after testing the $195 support zone earlier this week. The recovery has come amid rising spot inflows and renewed optimism around a potential golden cross on the SOL/BTC pair, a technical setup that previously triggered major rallies.
The move higher highlights a constructive start to September, with buyers defending key exponential moving averages and positioning for a potential retest of the $217 resistance area. Traders are closely watching whether SOL can maintain momentum and confirm a breakout from its tightening range.
Solana Price Holds Firm As Ascending Channel Guides Trend
On the daily chart, Solana price action continues to respect an ascending channel that has been in place since May. Immediate support sits at $195, reinforced by the 20-day EMA, while deeper cushions are stacked at $185 and $175, aligning with the 50- and 100-day EMAs. The 200-day EMA at $169 remains the longer-term safety net.
Resistance at $217 has repeatedly capped upside attempts in August, making it the key near-term pivot. A clean break above this level would open th…
The post Solana (SOL) Price Prediction: Breakout Or Pullback Next? appeared first on Coin Edition.
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Solana (SOL) Price Prediction: Breakout Or Pullback Next?
Solana price today is trading near $202, extending a steady rebound after testing the $195 support zone earlier this week. The recovery has come amid rising spot inflows and renewed optimism around a potential golden cross on the SOL/BTC pair, a technical setup that previously triggered major rallies.
The move higher highlights a constructive start to September, with buyers defending key exponential moving averages and positioning for a potential retest of the $217 resistance area. Traders are closely watching whether SOL can maintain momentum and confirm a breakout from its tightening range.
Solana Price Holds Firm As Ascending Channel Guides Trend
On the daily chart, Solana price action continues to respect an ascending channel that has been in place since May. Immediate support sits at $195, reinforced by the 20-day EMA, while deeper cushions are stacked at $185 and $175, aligning with the 50- and 100-day EMAs. The 200-day EMA at $169 remains the longer-term safety net.
Resistance at $217 has repeatedly capped upside attempts in August, making it the key near-term pivot. A clean break above this level would open th…
The post Solana (SOL) Price Prediction: Breakout Or Pullback Next? appeared first on Coin Edition.
Read More