After a significant drop in prices in recent days, Solana (soil) is now ready for a massive increase rally due to its bullish price action on the daily time. Sol is one of the best cryptocurrencies, its technology and adoption increasingly increasing, recently reaching a record.
Despite this bullish development, the assets experienced a notable drop in prices due to the lowering market feeling. However, the feeling began to recover and Sol now wins an upward momentum.
Solana (soil) technical analysis and future levels
According to an expert technical analysis, Sol seems bullied because it has trained a bullish divergence on its daily time, indicating that the asset is ready for a massive increase rally. An upper divergence is rare and occurs when the price of the asset is a low low, while its index of relative resistance (RSI) forms a higher. This indicates that the bulls gain in force and support the assets for a price leap.
Based on the action of recent prices and historic momentum, if the asset is higher than $ 120, it could rise by 42% to reach $ 180 in the coming days.
Current price momen
Sol is currently negotiating nearly $ 126, which has increased by more than 8% in the last 24 hours. During the same period, its negotiation volume increased by 25%, which indicates increased participation of merchants and investors compared to the day before.
Chanting uptime metrics
With this bullish price action and the recovery of the current market, traders and investors seem to participate strongly and bet on the bullish side, as reported by the Coinglass chain analysis company.
60 million dollars for a floor exit
The Flow / Out Spot Data Sweep reveal that exchanges have experienced a significant value of $ 60 million in soil chips in the last 24 hours, indicating potential accumulation and causing purchase pressure and upward momentum.
Surerevacted positions of merchants
In addition, traders have increased their open positions in the last 24 hours. According to data on the chain, the open ground of soil jumped 11%. At the time of the press, merchants are over-leveled between $ 125.8 and $ 128.5, having built $ 40 million in long positions and 23 million dollars in short positions during the same period.
By combining these chain measures with a technical analysis, it seems that the bulls are back, and the assets could soon recover and recover the level of $ 180 in the coming days.
