SOL Price Prediction: It Will Break $210 Next?

[CryptoChamp]

Solana (SOL) surged by 20% this past week as per Coinpedia Markets, pushing above $200 for the first time since March. This significant boost reflects strong bullish momentum in the SOL market.

• Current Support and Resistance Levels:

• • Support: SOL’s current support level is at $180, providing a safety net for potential pullbacks.
  • Resistance: The next resistance point is $206, which could challenge buyers in the coming days. A pullback below this level may signal a brief consolidation phase.
  • If the uptrend continues, SOL price could soon test the $210 resistance level, marking its highest price since March.

What SOL Needs to Stay Bullish

For Solana to maintain its bullish trend, it’s essential to move above $206. Failure to break this level could open opportunities for sellers to step in, possibly leading to a short-term price decline.

DMI Insights: A Strong and Growing Trend

• ADX (Average Directional Index): The ADX, which indicates trend strength, is currently at 47.3 for SOL. This sharp increase from a near 10-level just a week ago highlights a much stronger trend in play.

  • An ADX above 25 suggests a robust trend, and with Solana at 47.3, the momentum is unmistakably bullish.

• Directional Indicators (+DI and -DI):

  • +DI at 37: This suggests a strong buying pressure.
  • -DI at 6.1: This relatively low number indicates minimal selling pressure.

  Together, these indicators show buyers firmly in control and a strong uptrend for SOL.

Solana Price Now and What’s Next

Solana price is in a powerful upward trend, with support from both technical indicators and recent price movement. The +DI and ADX levels underscore a continuing bullish trend, suggesting SOL’s potential to climb further. Investors might find the current Sol price attractive, especially if it holds above $206 and continues to show strength in the coming weeks.