- Solana has surged by 9.5% in the past 24 hours.
- Major coins such as BTC, ETH, and DOGE have also signaled a surge.
- Currently, Solana trades at $31.
After a high price of $32.3 for Solana (SOL) in the past day, the coin has slightly gone down to the current high of $31.36. However, SOL holds a green candle at press time.
The ninth largest crypto by market cap currently shows a surge of 9.45% in the past 24 hours and hovers around $31.10. The past week’s analysis also signals a 3.82% hike for SOL, which is comparatively low to other altcoins such as DOGE, MATIC, and DOT.
As the crypto head Bitcoin shot to a better hike at $20,400, most of the altcoins, including SOL, have measured a good surge.
In the 1-day chart, SOL broke the $32 support zone in the past day and slightly surged above the zone. On October 11, the coin could not tightly hold this support level, which made it elapse from the key zone.
The highest possible resistance level for SOL is $34. To attain this price, the altcoin should reach a minimum level of $33.45. This is the highest price SOL hit on October 10.
Moreover, the green candle in the intraday trading is close to EMA-51. This depicts that if the EMA line taps at the upper tick of the candle, turbulence can happen, making SOL’s price fluctuate.
The 200-day EMA line in the 4-hour chart signifies a challenging fluctuation in price. As clear from the graph, the EMA line has touched the past day’s green candle, making SOL surge. Notably, at some point in the intraday trading, SOL’s price was in red in the 4-hour chart. This is because the EMA line touched the red candle giving turbulence for a dip. Also, bears could have performed their role during this short price fluctuation.
However, as of now, the recent turbulence has made the red candle turn green as it touched the EMA line.
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