SOL Price Gains 5% Amid Mixed Technical Signals
Sorana (solid) The price has risen by more than 5 % in the past 24 hours, its market value has reached 117 billion US dollars, and the transaction volume exceeds $ 6 billion. Although there is such a short -term surge, the technical indicators are still mixed together, the Ichimoku cloud shows uncertainty, and BBTREND is still in a negative state.
SOL has been combined between $ 225 and $ 239. Its EMA line is located closely, which shows that the trend is soft. Whether SOL will exceed $ 272 and facing further downward pressure will depend on the main technical confirmation in the next few days.
Solana Ichimoku cloud signal hybrid market emotions
Sorana IChimoku Cloud settings show the prospect of mixed. At present, the price is hovering near the Kijun-Sen (red) and Tenkan-Sen (blue) lines. The front cloud (kumo) is red, indicating that there is potentially lolling emotions in the upcoming meeting. The price has recently moved in the clouds, which indicates that during a period of hesitation, both traders have not fully controlled.
Chikou span (green) is weaving through the past price, thereby enhancing this uncertainty and signal indication solid Still in the merger, not a strong trend.
Soliyoku cloud. source: TradingView
The thickness of the upcoming cloud indicates volatility It may increase because the thicker Yuntong often represents a stronger resistance or support area. Tenkan-Sen is kept under Kijun-Sen, which usually reflects weak short-term momentum.
If, if, if Sol price Continue to keep these lines and further push to the cloud, which may indicate the potential change of emotion. On the other hand, if the price remains below the two lines and the clouds begin to swell down, it indicates that the pressure of the drop is still dominant.
SOL BBTREND is still negative
Bbtrend (bollinger band Trend is an indicator, which measures price momentum based on the relationship between the price and the Bollinger band. It analyzes whether the price change tends to the upper layer or the downwriting to help identify the trend.
When BBTREND is positive, it shows the momentum of looking bullish because the price often stays near the upper band. Instead, negative BBTREND indicates the decline, and the price tends to the lower band. The larger absolute value indicates that the trend is stronger, and the near zero value indicates the lack of direction intensity.
SOL BBTREND. source: TradingView
Sorana BBTREND is currently -9.8, and yesterday became negative, and the low point a few hours ago was -11.3. This transformation of entering negative areas shows that the recent momentum has increased, and the price is getting closer to the Polish band.
Although BBTREND has recovered slightly from its lowest point, it is still firm, indicating that there is still downward pressure. If BBTREND starts to rise to zero, it may indicate that the decline or the start of the merger stage will begin to slow. However, if it continues to decline, it will strengthen the possibility of continuous decline.
SOL price prediction: Will Solana surge in February?
Sorana price In the past few days, it has been summarized to $ 225 to $ 239, and the trend has not yet been determined. Its EMA lines remain closely, indicating that hesitation is hesitant, but it will soon form a gold cross.
If this kind of cross occurs, Sorana May get motivation and drive in a $ 272 resistance. The successful breakthrough of this level may trigger the rally and trigger to $ 300, marking the potential 25 % increase and the highest price level.
Sol price analyze. source: TradingView
However, if the pressure is increased, and Sol price Unable to hold a $ 229 support, you may have more in -depth correction. The decline below this level will focus on the key points of $ 211. If the sales continue, SOL may be less than $ 200, and the next test is $ 191.9.
The direction that SOL takes in the next few days will largely depends on whether EMAS confirms the golden cross or starts to tilt down, which shows further weaknesses.
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