Solana Price Analysis — July 8
Along with the broader market, Solana recently staged a steady recovery towards the $40.00 mark. However, the cryptocurrency lacked the backing to breach this top and entered a recess towards $35.00, where the 100-day EMA should provide support.
With the prevailing sentiment in the market, we should see a bullish resumption over the coming days, along the trendline highlighted on my 4-hour chart. That said, I do not see a bearish push materializing below the $34.00 support line anytime soon.
Meanwhile, my resistance levels are $40, $50, and $58, and my support levels are $34, $30, and $27.
Total Market Capitalization: $948.8 billion
Solana Market Capitalization: $12.75 billion
Solana Dominance: 1.34%
Market Rank: #9
With the prevailing sentiment in the market, we should see a bullish resumption over the coming days, along the trendline highlighted on my 4-hour chart. That said, I do not see a bearish push materializing below the $34.00 support line anytime soon.
Meanwhile, my resistance levels are $40, $50, and $58, and my support levels are $34, $30, and $27.
Total Market Capitalization: $948.8 billion
Solana Market Capitalization: $12.75 billion
Solana Dominance: 1.34%
Market Rank: #9
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