Solana price prediction for today, December 29 | Trending Viral hub

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Solana price prediction reveals that SOL may continue to follow the bullish movement as the coin hovers around the $107.7 level.

Solana prediction statistics data:

  • Solana price now: $107.7
  • Solana market cap: $45.8 billion
  • Solana circulating supply: 429.17 million
  • Solana total offer: 565.8 million
  • Solana Coinmarketcap Ranking – #5

SOL/USD Market

Key levels:

Resistance levels: $135, $145, $155

Support levels: $80, $70, $60

Solana Price Prediction for Today, December 29 – SOL Technical Analysis
SOLUSD – Daily Chart

According to the daily chart, SOL/USD is moving to touch the $110 resistance level as the coin begins the upward movement. However, traders can see that this cryptocurrency’s difficult period is over as it attempts to create a new trend. Solana price is currently trading at $107.77 after touching the daily high of $108.64 above the 9-day and 21-day moving averages.

Solana Price Prediction: Solana (SOL) Prepares for the North

At the time of writing this article, the solana price is starting to create a new bullish trend. A break above the $120 resistance level could encourage more buyers to increase their entries, which could then push the price towards the $135, $145, and $155 resistance levels. On the downside, any bearish move below the 9-day and 21-day moving averages could gain ground with the next focus on the $95 support.

Furthermore, if the $90 support level is broken, the downward pressure may increase while critical supports may be located at $80, $70, and $60. The 9-day moving average remains above the 21-day moving average, confirming the bullish movement within the channel.

SOL/BTC may regain the bullish trend

Against Bitcoin, the solarium The price is above the 9-day and 21-day moving averages. Meanwhile, a daily close above this barrier may encourage bulls to extend the rally above the upper boundary of the channel, which may locate the resistance level of 3200 SAT and higher. Conversely, any bearish close below the channel’s lower boundary could reverse Solana’s price direction towards the daily support at 2000 SAT.

Solana Price Prediction for Today, December 29 – SOL Technical Analysis
SOLBTC – Daily Chart

However, any further bearish moves could take the coin to the support of 1800 SAT or below. Meanwhile, there is a chance for SOL/BTC to continue the uptrend as the 9-day moving average remains above the 21-day moving average to indicate a bullish move.

Solana Alternatives

The probability of Solana price concluding above the upper boundary of the channel is high if buyers intensify their pressure. However, as the coin maintains its positive momentum, there is a chance that the market price encounters a resistance level around $23 before making further gains.

However, investors are urged to explore the possibilities offered Bitcoin Minetrix, a cutting-edge token that successfully raised a staggering $6.6 million during its initial coin offering. As it depletes rapidly, it presents a notable contrast to Solana (SOL), a cryptocurrency that ranks fifth in the market with a market capitalization of $45.8 billion that may not matter much due to its large size.

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