Solana (Left) price has gained acceleration in recent days. The recovery process has accelerated since the 95 -dollar bottom level seen on April 7. Altcoin, which gained a value of 8.9 percent in the last 30 days, rose by 6.3 percent in the last week. However, technical indicators say that despite this rise, care should be taken.
The reaction from the support level in Altcoin was strong
Solana priceAfter the $ 95,19 bottom he tested on April 7, he made a strong recovery. As of April 11, the Left, which regained the $ 120 level again, made this level a strong support. According to the latest data provided by CoinMarketcap, it is traded for $ 140.22 as of the left moment. The nearest resistance is located in $ 142, while the stronger resistance zone is intensified at $ 145.
Technical analysis data reveals that there are optimistic signals above existing price levels. The $ 136.85 level, which is a 100 -day simple moving average (SMA), is now working as a support. A rising trend line has been formed in the hourly graph. This line constitutes an additional support area of $ 137 to $ 138.50. Daily RSI is at 58.89. This points to the purchase -oriented momentum. The MACD indicator confirms that the rise can continue.
Technical Warning from Analyst for Short -Term Risks
Although the potential rise trend increases optimism in investors, some technical indicators show that short -term risks should not be ignored. Crypto currency analyst Ali MartinezIn the 12 -hour graph, the TD Sequential indicator reported a “SAT” signal. This may be a harbinger of a possible short -term correction.
If the price hangs below $ 137, a withdrawal of up to $ 132 can be observed in the first place. This level stands out as a critical threshold. On the other hand, if the buyers manage to break the resistance of $ 145 and the price settles over $ 150, the target may be 155 and then $ 165.
In particular, a break to be supported by volume increase may lead to opening a new upward page in the solana price.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
