SOL Price Prediction: Solana Surges 15%, Is This Just Start Of A Larger Increase?

Oct 2, 2023 06:00 am Cryptocurrency 78

Solana is surging above the $23.50 resistance against the US Dollar. SOL price could accelerate further higher if it clears the $25.00 resistance zone.

SOL price is up over 15% and it is showing signs of bullish continuation against the US Dollar.

The price is now trading below $23.00 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support near $23.10 on the 4-hour chart of the SOL/USD pair (data source from Kraken).

The pair could rise further higher if it clears the $25 resistance zone.

Solana Price Starts Fresh Rally

In the past few days, Solana’s price formed a strong support base above the $18.80 level. SOL started a strong increase after it settled above the $22 resistance zone.

There was a steady increase above the $23.20 resistance, outpacing Bitcoin and Ethereum ..

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