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The worth of Solana (SOL) rose to a excessive of $253 however was rejected on the overhead resistance degree of $260.
Solana worth long-term prediction: bullish
Since November 18, 2024, Solana has been rejected thrice on the $260 overhead resistance degree. With every rejection, Solana falls beneath the shifting common traces.
Yesterday, the altcoin fell beneath the shifting common traces however was stopped by the 50-day SMA assist. If Solana loses the 50-day SMA assist, it is going to fall additional to $155. Nonetheless, if the 50-day SMA holds, the altcoin might be compelled to maneuver inside its restricted vary. Solana is at the moment at $212.
Technical indicators
SOL worth indicators evaluation
The worth bars are trapped between the 50-day SMA assist and the 21-day SMA line. The shifting common traces are sloping upwards, suggesting that the earlier rise may proceed. On the 4-hour chart, the shifting common traces present a downtrend. The 21-day SMA is beneath the 50-day SMA, indicating a downtrend.
SOL/USD each day chart – September 24, 2025
What’s the subsequent transfer for SOL?
SOL has slipped beneath the shifting common traces on the 4-hour chart. The cryptocurrency fell to a low of $204 earlier than starting its upward development. In prior worth motion, the altcoin has reversed after establishing assist above $200.
Now, SOL is buying and selling above the $200 assist however beneath the shifting averages. If the present assist holds, the altcoin will start its bullish ascent.
SOL/USD 4-hour chart – September 24, 2025
Disclaimer. This evaluation and forecast are the private opinions of the writer. The information supplied is collected by the writer and isn’t sponsored by any firm or token developer. This isn’t a suggestion to purchase or promote cryptocurrency and shouldn’t be considered as an endorsement by Coinidol.com. Readers ought to do their analysis earlier than investing in funds.
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