Solana’s price has demonstrated sufficient force in the past by initiating rapid recovery and recovering previously lost objectives. Investors also remain extremely vigilant about the progress of the token and, therefore, Sol was among the 5 most negotiated cryptos, excluding stablecoins. Despite immense attention and a strong previous story, the soil price seems to be lagging behind while some tokens seem to be at the foot of a huge escape.
The ground price has been declining for days. The token recently broke its daily rise and showed short -term weakness; However, long -term perspectives remain optimistic. At the time when a drop at $ 130 surfaced, the ground price is quietly preparing for a new ATH. The soil price exceeded $ 160 before facing a rejection, which is not a failure but a configuration. This movement left two FVG stacked, or differences of fair value, in the short term
Now that the price is trying to enter the upper area, which is a back-to-school pocket, it can raise the levels beyond the psychological barrier at $ 180.
As we can see in the table above, the price of soil recently broke up the rise up and triggered a decline of 15%. Despite this, the token seems to be preparing for a massive race because the levels should exceed a crucial resistance to MA of 50 days at $ 158.05. While the Bulls defended local support at $ 151.96, the probability of a bullish reversal remained extremely high. The ground price works hard to exceed the 50-day MA, which can validate an increase above the lower influence.
On the other hand, the MacD shows a drop in sales pressure after the Bears dominated for more than a month. If the token increases and secures levels above $ 170, the probability of a golden cross could be prominent. With this, the price could increase above $ 180 and increase even more than $ 200, which can validate an increase above the lower influence.
Consequently, the price of Solana (soil) continues to prepare for a massive optimistic action and once the levels settles more than $ 200, the token could walk more towards a new ATH.
