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Solana Price Prediction Today: Bullish Momentum Builds, But Expert Warns of Pullback
Solana (SOL) has been experiencing a remarkable surge over the past few weeks, with the price rebounding strongly from the $120 support zone. As per our analysis, Solana’s price prediction today suggests that bullish momentum is building, indicating a potential climb to new highs.
Currently trading at $140.06, SOL has seen an impressive 8.9% gain in the last month, with this week alone witnessing a staggering 6.3% growth. The token has reclaimed the 100-day Simple Moving Average (SMA) of $136.85, which has flipped into support.
Technical indicators also validate the upward trend. A bullish trendline has formed on the hourly chart, coupled with an additional support zone around $137-$138.50. Meanwhile, the Relative Strength Index (RSI) is at 58.89, signaling robust buying pressure and suggesting that the price may not be done yet.
However, despite this positive development, a prominent expert has warned of a potential pullback in the short term. Ali, a seasoned crypto analyst, has identified a “sell” signal using the TD Sequential indicator on the 12-hour chart. This signals the possibility of a brief correction before the next leg higher.
Source: https://coinpedia.org/price-analysis/solana-price-prediction-today-bullish-momentum-builds-but-expert-warns-of-pullback/
