Solana (SOL) price has confirmed a trend reversal, turning bullish after a stark fall beginning July to the pits of September. After pivoting on a key
Solana price has confirmed a trend reversal after a 45% dip from July 12 high to September 10 low. Now turned bullish, SOL could rise 20% to clear the $30.00 psychological level and continue the uptrend. The bullish outlook would be invalidated if the purported Ethereum killer breaks and closes below last lower low at $17.84. level, the purported Ethereum killer could be on course to foray into a $30.00 psychological range.
This is a stiff resistance, marking several equal highs. Based on the outlook of the Relative Strength Index , Solana price still has some upside potential. The position of this momentum indicator above 50 points to a strong resolve by the bulls, with its inclination to the north suggesting rising momentum. At 63, there is still more room to the north before the 70 level, where “overbought” narratives could come to mind.
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