Solana (SOL) broke out of the downtrend line and the 20-day EMA ($143) today, which suggests that the bears may be losing their grip. The 20-day EMA has flattened out and the RSI is just above the midpoint, indicating a balance between supply and demand. The short-term advantage could tilt in favor of the bulls if they push and sustain the price above $152.50. The SOL/USDT pair could then rally to $171.47 where the bears may again mount a stiff resistance. If the price turns down from the current level or the overhead resistance, the bears will try to pull the price down to the 50-day SMA ($114). A break and close below this support could suggest a change in trend. On the other hand, a break and close above $171.47 could push the pair to $200.
Solana (SOL) broke and closed below the 20-day EMA ($144) on Sept. 20, which is the first sign that the bullish momentum may be weakening. The bulls attempted to push the price back above the 20-day EMA on Sept. 21 but failed, indicating that bears are attempting a comeback. The SOL/USDT pair rebounded off the 61.8% Fibonacci retracement level at $123.42 and has reached the 20-day EMA. If bulls push the price above the 20-day EMA and the downtrend line, the pair could rise to $171.47. This level may again act as a resistance but a break above it could result in a move to $200 and then to $216. On the contrary, if the price turns down from the current level or the downtrend line, it will suggest selling at higher levels. The bears will then try to sink the price below $123.42 and extend the decline to the 50-day simple moving average ($104).
Solana, an alternative coin to Ethereum, has been trending over the last few weeks, if not months, because of their breakthrough technology, which boasts the “world’s fastest” transaction time and claims that it is capable of carrying out 50,000 transactions per second. As a result, the digital coin’s market capitalisation boomed over $62 billion earlier in September and its price grew a whopping 6000% in a year. However, the digital asset faced an issue last Tuesday when its services were disrupted for 17 long hours. Officials blamed “resource exhaustion” for the hindrance caused.
* Crypto Rating accepts no liability for content of the Solana reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86.4% | 13 | $60 830.00 | -0.62% | -4.78% | $1 198 162 039 774 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 88.8% | 16 | $2 902.37 | -1.29% | -7.34% | $348 601 442 770 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.999676 | -0.08% | -0.07% | $110 804 103 930 |  |
|
| 4 |  BNB |
Binance Coin predictions | 89.6% | 15 | $590.51 | 1.01% | -0.25% | $87 151 667 115 |  |
|
| 5 |  SOL |
Solana predictions | 81.2% | 29 | $144.85 | -1.29% | -1.27% | $64 955 525 638 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.8% | 1 | $1.000044 | 0.01% | 0% | $33 111 262 884 |  |
|
| 7 |  XRP |
XRP predictions | 91.6% | 13 | $0.504732 | 0.85% | -5.97% | $27 941 568 949 |  |
|
| 8 |  TON |
Toncoin predictions | 73.6% | 45 | $6.79 | 1.84% | 18.74% | $23 592 689 748 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 78.8% | 31 | $0.143610 | -0.71% | -13.35% | $20 715 420 409 |  |
|
| 10 |  ADA |
Cardano predictions | 87.6% | 16 | $0.443263 | -1.58% | -5.26% | $15 807 456 960 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 74% | 44 | $0.000023 | 1.49% | -11.64% | $13 327 763 919 |  |
|
| 12 |  AVAX |
Avalanche predictions | 82.4% | 31 | $33.50 | -2.16% | -7.38% | $12 776 188 906 |  |
|
| 13 |  TRX |
TRON predictions | 82.8% | 28 | $0.126285 | 0.91% | 2.81% | $11 048 077 945 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 84.8% | 28 | $0.126050 | 0.71% | 2.37% | $11 027 451 638 |  |
|
| 15 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
