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Cryptopolitan 2021-09-03 18:36:56

Solana price analysis: SOL/USD expected to spike to $150 over the weekend

TL;DR Breakdown 5-day Solana price analysis chart traded in bullish momentum.Bitcoin is aiming at going back to the $50 zone.Balance of Power indicator consolidates around 1 signifying a bullish market with more buyers. Solana price analysis: General price overview 5-day Solana price analysis chart traded in bullish momentum on the 29th. The bull trend has not seized as on the daily studies. the SOL/USD pair is trading in a positive momentum despite many cryptocurrencies recording slight drops. The 20-day Moving Average is rising, suggesting that the price of SOL/USD is on an uptrend. The 20-day MA has crossed over the 50-day MA, indicating that the market is bullish. Bears are not likely to curb the bull momentum as the bulls are aiming to enter into the weekend with a positive trend as per Solana price analysis. Generally, on the 24-hours price analysis chart, the green candlesticks seem to have outnumbered the red ones. This indicates that the bulls outnumbered the bears and made most of the trading sessions trade bullishly. Source: Coin360 The cryptocurrency heat map is balanced; the number of losers is almost the number of gainers, as evidenced on the heat map. Bitcoin is aiming at going back to the $50 zone. While the second-largest digital asset aims at reaching a $4K target. Solana has recorded a 20 percent gain and it is currently trading at $133.5. SOL/USD price movement in the last 24 hours: Bulls dominate SOL/USD...

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