NewsBTC
2022-08-12 11:30:52

SOL Makes Another Shot At $44, After Two Failed Attempts This Week

Solana (SOL) bulls are determined to push the price of the coin higher and breach the $44 level. Solana price has shown strong bullish movement; support found at $40. Coin has peaked by more than 70% in comparison to its lowest level in 2021. The daily chart’s ascending triangle pattern hits massive gains in the coming days. Solana is trying to make that great comeback again after it has tried and failed twice to breach the $44 level. Related Reading: Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67? SOL Currently Stuck At $43 According to CoinMarketCap, Solana has dropped by 2.30% and is trading at $43.41 as of this writing. The bulls are determined to push the price and reach $44 or higher. SOL is rallying around the $44 key resistance zone today and it looks like it just needs a little push to get there. Now, if the buyers fail to maintain the current momentum, then this could be the coin’s third failed attempt to breach the target level. At this point, the key support level is found at $40. Solana is observed to have impressive trading volume but the buyers need to keep that momentum going. RSI continues to hover above 50 points. Now, if the coin manages to stay at this target range then SOL has a good probability to breach the resistance. Moreover, MACD has formed a bullish cross pattern today which looks enticing for many buyers but it’s still rather premature to make a call. Related Reading: SOL Fails...

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