Solana Price Prediction: SOL Could Extend Rally Above $18

Jan 13, 2023 06:00 am Cryptocurrency 110

Solana is showing bullish signs above $15 against the US Dollar. SOL price could extend its rally above the $18 and $20 resistance levels.

Sol price started a fresh increase above the $15 and $16 levels against the US Dollar.

The price is now trading above $16 and the 100 simple moving average (4-hours).

There is a key bullish trend line forming with support near $15.90 on the 4-hours chart of the SOL/USD pair (data source from Kraken).

The pair could rise further if it stays above the $15.00 and $12.80 support levels.

Solana Price Eyes More Gains

This week, solana price formed a base and started a steady increase above the $14 level. There was a strong increase above the $15 resistance zone, similar to bitcoin and ethereum.

The bulls even managed to pump the price above the $16.50 resistance. It traded to a ..

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