TL;DR Breakdown Solana has been trading bullishly in the last 24 hoursSOL/USD traded between a moderate range of $85 – $94.The MACD histogram on our daily 4-hour Solana price analysis is indicating red Solana has been trading bullishly in the last 24 hours after undergoing a 35 percent increase. Therefore making our Solana price analysis bullish, where most indicators suggested positive momentum in the upcoming sessions. The bulls pushed the market price of the scalability solution token to an intraday high of $94. Buyers are holding intact to sustain the price above the $91 resistance leel as well as support a strong breakout to the upper psychological barrier lying at $100. The profit target for bulls lies between $85 – $95, which explains the press time struggle with this price zone. The 20-day EMA is sloping upwards, suggesting an advantage to the bulls and their ability to neutralize any selling pressure exerted by take-profit traders. SOL/USD 1-day price chart: Bullish momentum firms hold $2.80 support Solana’s price action underwent a rapid advancement from the $58.38 mark almost 2-months ago and built strong support at $68 -; this support has been the basis of the $75 and $80 upswings. Now the bulls hae managed to flip another support at $82, which has enabled them to catapult the price towards $93. According to our Solana price analysis on the daily chart, SOL/USD attempted t...
