SOL Technical Analysis: $44.77 and $29.02 Key Levels to Watch

Key technical points: SOL technical analysis is bullish today. SOL price is up by barely 2% today. The closest resistance is found at $44.77. Past Performance of SOL SOL technical analysis for today is positive as the coin records a 2% price surge in the last 24 hours. SOL is currently trading at $33.27. The recent high was set at $44.77, and the current support is found at $29.02. On the 4-hour chart, the price is currently testing the descending trend line. A breakout above this level could see SOLUSD retesting $44.77 resistance. However, if the price breaks below the support at $29.02, it could signal a further decline in SOL’s price. Source- Tradingview SOL Technical Analysis The RSI indicator is in the overbought region but not close to the top level. This means there is space for a price increase before seeing bearish price action. MACD is also in bullish territory, and the signal line is about to cross over the main line, which signifies further momentum. The support levels are $29.02 and $26.62, while the resistance levels are $44.77 and $48.54. The Bollinger bands have been relatively tight over the past few days, which signals low volatility. However, we are seeing a slight increase in volatility which could lead to a breakout from the current range. Upcoming Trend If the price can break out of the descending trend line, we could see a move towards $44.77 resistance. However, if the price breaks below support at $29....