Solana Price Prediction - Will the price recover in the near future?

 

In our last Solana Price Prediction , we wrote that the price was poised for a nineteen rise. The course then also rose, but the Solana course missed the resistance area (the target) by a few dollars. Since then the price has been falling. But how could the price develop in the near future? Will we rise again or will the overarching correction continue? Today we'll tell you all about the Solana course!

The Solana price has formed a symmetrical triangle in the past few weeks. The upper trend line was formed during the descent. The bottom line during the current recovery period. If the Solana price breaks lower, which is more likely, the price could soon be around $67. This is where the next support is after the $80 support. If the price breaks out bullishly then we would expect prices around $130. There is a resistance zone as well as the observing trend line, which serves as resistance.

On the weekly chart, we can see that Solana price has formed a bullish divergence. This divergence could be worked off in the near future, which is why the price could break out of the symmetrical triangle in a bullish way. Also, we haven't tested the upper trendline for a while, so it's time to test it. Due to the bullish weekly chart, we assume a bullish breakout for the time being. However, we are not ruling out the possibility of a bearish breakout for Solana price.

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