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Solana’s price analysis over the past few hours shows the start of an upward trend, with the crypto rising from a low of around $20 to a high of around $22. An optimistic performance when we know that the SOL was in a downward trend for a few days. recently signs of recovery and the bulls pushed the price to higher levels, not reached since the beginning of the month. At the time of writing, Solana is trading at $22.05, a An increase of 4.86% in the last 24 hours.
24-Hour Chart of Solana Price: Crypto Breaks Resistance at $22 with Uptrend
Solana suffered a strong buying pressure, as traders look to take advantage of the latest rally. The 24-hour trading volume of the cryptocurrency has steadily increased and present more than 560 million, against 533 million dollars a few hours ago. Meanwhile, the market capitalization of the SOL/USD pair is approx $8.88 billion.
Solana’s 24-hour price analysis shows that the price has made a significant bullish comeback recently, with the crypto peaked at $22.14 throughout the day. Value above the resistance level in the last 24 hours. SOL gained almost 5% at the time of writing as it rallied after the correction observed on 10 July. Overall, the market outlook for the SOL/USD pair looks positive, with traders likely to see more near-term upside.
The RSI indicator (relative strength index) is rising and stands at 69.54; which suggests that the cryptocurrency is in an overbought zone. The MACD indicator is also showing optimistic signs and is currently trending higher. A remarkable performance that shows traders are continuing to buy Solana and it could be the due to further price increases. The Bollinger Bands on the one-day chart seem to be converging, indicating that the cryptocurrency is starting a strong bullish trend.
SOL/USD 4 Hour Chart: The Start of a Bullish Rally?
The analysis of Solana price chart 4 hours stability shows the positive trend that started 24 hours ago. In fact, it seems that traders are continuing to buy the cryptocurrency, which is driving its price to higher levels. The ascending channel is still relevant, and as long as it lasts, Solana is likely to experience it new short-term gains. Later, if the price manages to break above $23.01, it could be heading towards the second major resistance at $24. On the other hand, if investors start cascading cryptos, the SOL could face back. towards support areas around $20.
The upper Bollinger band is around $22, and the lower band is trying to break through under $20.79 even if the signal line reveals positive movements. There are indications that buyers still dominate the market and that the situation could change in the long term if the bears regain control. Moreover, the value of the relative strength index is still above 60, indicating that there is still room for further growth before reaching lows. overbought levels. The Moving Average Convergence and Divergence (MACD) indicators look to cross and remain in bullish territory.
Solana Price Analysis Review
Generally, Solana price analysis shows a rather bullish trend in the short term, and the cryptocurrency may soon break out of its current trading range to reach higher levels. Solana is currently trading at around $22 and yes 5% increase in the last 24 hours. The general market sentiment seems to be taking a turn for the worse as traders are optimistic about further downside in the near future. Bullish sentiment seems to be able to hold the short-term course, and traders should closely monitor any major movement of the Solana course.
Chimpzee: presale continues to attract investor interest
Chimpzee is a web3 crypto designed primarily for environmental protection. this a revolutionary new project it gives users the opportunity to generate income while supporting the cause of animals and the fight against climate change. The Chimpzee Ecosystem based on several interconnected platforms that guarantee different earning opportunities:
- The Chimpzee Shop which emphasizes the concept Shop2Earn, available to users who wish to earn CHMPZ tokens by purchasing items from the platform. The project intends to donate part of the profit to charitable organizations specializing in environmental protection.
- Chimpzee NFT Market (Trade2Earn) He is one of the first to agree to share a portion of the trading fee with all users. Therefore, users with Chimpzee NFT passes and traders who show significant activity on the platform will be able to benefit from reduced transaction fees.
- Game Zero Tolerance which includes the concept of Play2Earn, is the meeting place that provides entertainment for Chimpzee users. They will be able to try their luck to be rewarded in CHMPZ tokens when they reach important milestones in the game.
Crypto-assets are a risky investment.
Download the Chimpzee pre-sale update
The Chimpzee project created a real enthusiasm among investors desire to discover high-potential cryptocurrencies. The presale has already raised over $810,000. THE investors interested in Chimpzee can still buy $CHMPZ tokens at the current price of $0.0007 before the next increase.
In addition, the listing price on crypto platforms is set at $0.00185, which shows that a potential gain of 164.28% from the current price of attendance. By joining the Chimpzee Universe, users have an opportunity participate in the protection of the environment while trying to win exciting rewards. You can join Chimpzee now to be a part of this promising green project.
Sources: Chimpzee, CoinMarketCap, TradingView
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This article does not represent investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Investing in cryptocurrency involves risk and can result in significant losses. You should only invest what you can afford to lose and do your own research before making any investment decision.