bitcoinBTC/USD
$ 20,150.00
ethereumETH/USD
$ 1,134.12
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.456446
xrpXRP/USD
$ 0.323407
usd-coinUSDC/USD
$ 1.00

Solana Price Prediction September 2021: SOL Finds Support At $142

Solana Price Prediction September 2021: SOL Finds Support At $142

SOL Technical Analysis – September 2021

Monthly Analysis

Solana had one of the best bullish runs so far in the last couple of months. It reached an all-time high at $215 after increasing by 400%. This new high was then followed by a pullback, which saw SOL find support at $142.

Solana Price Prediction September 2021: SOL Finds Support At $142

Weekly Analysis 

In the last 7 days, SOL decreased by 34%. This decrease indicated that the bullish run might be over. However, the longer-term trend still suggests that SOL can increase again, even more so after finding support at $142.

Daily Analysis

In the intraday chart, the price of SOL has been fluctuating largely, making it highly volatile, and perhaps profitable for day traders. The coming hours can show whether the recent price decrease was just a retracement or if the downtrend has begun.

Solana Price Prediction September 2021: SOL Finds Support At $142

Key Structures

Support

  • $142

Resistance

  • $180

Indicators

Moving Average

The 20-day moving average suggests that the price of SOL is still bullish and that it may keep increasing in the longer run. This MA line has recently supported SOL and may continue to do so in the coming days.

The 9-day EMA, however, is above the price due to the recent pullback and suggests that the price might keep decreasing in the coming days.

Relative Strength Index

The RSI of the daily chart is now below 70, meaning that  SOL is no longer overbought. One of the biggest reasons why SOL even had this recent retracement was because it was way over the 30-70 region.

MACD

The MACD line has recently gotten below the signal line, indicating that the current momentum is now bearish for Solana. If the MACD moves below its baseline, then it might be a good indicator that the trend is now downwards.

Fear & Greed

The fear and greed indicator suggests that the current emotion for SOL is neutral. While this causes uncertainty, it might be a good sign that fear is not dominating even though SOL has been decreasing over the last few days.

Solana Price Prediction September 2021: SOL Finds Support At $142

Fibonacci

The Fibonacci suggest that SOL found support at the 38.2% level. Since the price has retraced here, if it breaks resistance, then we might see SOL attempting to surpass its all-time high.

Solana Price Prediction September 2021: SOL Finds Support At $142

Price Prediction SOL – September 2021

Based on this technical analysis, we might see SOL reach a new all-time high if it breaks resistance. This is primarily due to the fact that SOL retraced to the 38.2% Fibonacci level and found support there. If the price starts increasing, then SOL could aim to surpass $250 in the longer run, other things equal. However, if support at $142 is broken in the coming hours, then SOL might go further down to $100. 

Latest News for SOL – Affecting Price

One of the biggest reasons for Solana’s recent decrease was that on Tuesday of this week, the Solana network crashed. Solana announced that the reason for that was that the network was over-exhausted. However, Solana is now back online, and it may keep increasing at the same rate as it used to before the crash.

Also read: Solana (SOL) Price Prediction 2021 and Beyond – Is SOL a Good Investment?

Also read:

Related News

Will KuCoin Token Reach $100 in 2022 – KuCoin Price Forecast

KuCoin is a popular cryptocurrency exchange because of its cheap fees and extensive range of features. The platform allows you to trade in futures and margin products, using a vast variety of tokens to pick from. The crypto exchange also has a native coin KuCoin Token (KCS). KuCoin’s numerous features, low costs, and wide range of cryptocurrencies make it a great choice for experienced cryptocurrency traders. But what about its

Read More »
Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

ETH Technical Analysis – May 2022 Ever since hitting an all-time high in November of 2021 at around $4,800, the price of Ethereum (ETH) has been in a downtrend. Initially, the price declined by around 26%, and ETH ended the year at $3,500. That bearish momentum continued in January as well, where ETH declined by almost 45% in January alone. However, ETH managed to find support at $2,160, which then

Read More »
Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

BTC Technical Analysis – May 2022 Ever since Bitcoin (BTC) reached its all-time high in November of 2021 at around $69,000, the price has been in a downtrend. The price initially declined by more than 30%. BTC ended the year at around $50,000.  In 2022, BTC maintained that similar approach, where the price declined by an additional 35% in the first few weeks of the year. After finding support at

Read More »

My Coins

bitcoinBitcoin
$ 20,150.003.13%
ethereumEthereum
$ 1,134.123.92%
cardanoCardano
$ 0.4564461.61%
tetherTether
$ 1.000.09%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org