The Solana price prediction reveals that SOL may continue to follow the bullish movement as the coin hovers at the $21.29 level.

Solana Prediction Statistics Data:

• Solana price now – $21.29
• Solana market cap – $8.8 billion
• Solana circulating supply – 412.9 million
• Solana total supply – 558.8 million
• Solana Coinmarketcap ranking – #8

SOL/USD Market

Key Levels:

Resistance levels: $24, $25, $26

Support levels: $18, $17, $16

According to the daily chart, SOL/USD is moving to a touch resistance level of $22 as the coin heads to the upside. However, traders can see that this crypto’s difficult period is over as it is trying to create a new trend. The Solana price is currently trading at $21.29 after touching the daily high of $21.81 above the 9-day and 21-day moving averages.

Solana Price Prediction: Solana (SOL) Gets Ready for the North

At the time of writing, the Solana price is beginning to create a new uptrend. A break above the resistance level of $22 could encourage more buyers to increase their entries, which could later push the price towards the resistance levels of $24, $25, and $26. On the downside, any bearish movement below the 9-day and 21-day moving averages could gain traction with the next focus at $20 support.

Moreover, if the support level of $20 is broken, the downside pressure may increase while the critical supports may be located at $18, $17, and $16. The technical indicator Relative Strength Index (14) confirms the bullish movement as the signal line crosses above the 60-level.

SOL/BTC Heads to the Upside

Against Bitcoin, the Solana price is above the 9-day and 21-day moving averages. Meanwhile, a daily close above the upper boundary of the channel could encourage the bulls to extend the rally toward 9000 SAT and above. In other words, a close below the 9-day and 21-day moving averages could reverse the Solana price direction towards the daily support at 7000 SAT.

However, any further bearish movement could take the coin to the support of 6700 SAT and below. Meanwhile, there is a possibility that SOL/BTC may continue the bullish trend as the technical indicator Relative Strength Index (14) moves to cross above the 60-level with the signal line facing up to indicate bullish movement.

Solana Alternatives

The Solana price is likely to close above the upper boundary of the channel if the buyers increase the pressure. However, as the coin continues with the positive increase, the market price could hit the potential resistance level at $23 before creating additional gains.

However, Bitcoin Minetrix, the leading tokenized cloud mining platform, opens doors for everyday people to participate in decentralized Bitcoin (BTC) mining. Our tokenization mechanism guarantees a secure and transparent mining experience. Notably, our ongoing presale has raised over $255k so far.

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• Source: https://insidebitcoins.com/news/solana-price-prediction-for-today-september-30-sol-technical-analysis