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Solana (SOL) prices have risen above the moving average lines, reaching $90 on April 16. The article notes that SOL has since declined toward the moving average lines, with the next direction depending on whether the price can hold above those levels.
Previously, SOL reached $97 but was rejected on March 16. As of the latest update, Solana is trading at $85.98.
The article frames $90 as a critical threshold:
Following the recent bounce, the price bars are described as being above the horizontal moving average lines. The 21-day SMA is reported as below the 50-day SMA, indicating a prior decrease.
On the 4-hour chart, the price bars are said to have fallen between upward-sloping moving averages. In that timeframe, the 21-day SMA is reported as above the 50-day SMA, indicating a previous bullish rise.
The article lists the following key zones:
The article states that SOL’s bullish momentum has paused twice near the $90 level. It is currently trading above the 21-day SMA support but below the $90 threshold, and is reverting toward the moving average lines while stalling above them.
It concludes that SOL is expected to trade above the moving average lines for a few days.
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