SOL Explodes Over 10% Daily, is $30 Imminent? (Solana Price Analysis)

Solana broke above $24 and escaped the downtrend in the process.

Solana Price Analysis

Key Support levels: $21, $24

Key Resistance levels: $26, $30

SOL started a major breakout after successfully escaping the resistance at $24, which has now turned into support. Another push above $26 would open the way for the price to reach $30 next. The current price action is bullish, and the momentum favors buyers.

Trading Volume: The sustained buy volume in the past four days has allowed Solana to move higher.

RSI: The daily RSI is making higher highs and inches closer to the overbought area above 70 points.

MACD: The daily MACD painted a bullish cross yesterday, which signals a major move higher becomes more likely.

Bias

The bias for SOL is bullish.

Short-Term Prediction for SOL Price

With renewed momentum coming back to Solana after a short correction, it appears that the price is ready for higher levels.

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