Solana (soil) has made significant progress in recent weeks, reaching a monthly summit after a constant slope of its price action. Currently a merchant at $ 139, the Altcoin encountered resistance at $ 148, which she did not previously vooded.
However, an additional rally from this point could open the way to a step beyond $ 150, subject to investors’ support.
Solana investors are optimistic
The recent increase in Solana has been fed by the growing participation of investors. The active addresses have reached a two -month summit, signaling a renewal of interest and confidence in the blockchain.
This increase in activity, combined with the increase in prices, provides a high purchase signal. With more investors entering the market, it is more likely that Solana maintains his bullish momentum.
Increased participation in the network is often a strong indicator of investor confidence. The higher the number of active addresses, the more likely it is that the price continues to increase. If these trends persist, Solana could create enough momentum to unravel the resistance of $ 148 and target $ 150.
Despite the solid feeling of the market, technical indicators such as the MACD suggest that the Haussier omnipote of Solana shows some signs of slowdown. The MacD histogram began to display declining bars, which could indicate that the intensity of the purchase pressure is decreasing. Although this decline is still soft, it is worth watching closely all the signs of a change in dynamics.
However, it is important to note that these fluctuations are part of the typical market cycle. The absence of a significant slowdown in the MacD at this stage suggests that Solana has more room to grow, especially if market conditions remain favorable. A coherent increase in prices could arouse a renewed increase in demand from investors.
Sol Price needs a boost
Solana is currently negotiating at $ 139, with a support for support at $ 136. This helped Altcoin maintain stability despite the resistance faced with $ 148. The price has tested this barrier several times in the past six weeks, but has failed to vioder it, signaling a crucial point for its future orientation.
If Solana can overcome the resistance of $ 148 with sustained support on investors, it could see a substantial increase, potentially reaching $ 150 in the coming weeks. The positive feeling of the market and the increase in active addresses are likely to play a role in soil aid to achieve this objective.
However, if the Altcoin fails to recruit $ 148 once again, it could see a correction at $ 123. If this happens, Solana will probably consolidate at this level, and any new decrease could invalidate the current upward perspectives.
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In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
