Solana Levels to Watch — September 8
Despite the general bullishness in the broader market this week, SOL continues to struggle with a sideways bias between the $34.00 to $30.50 range. The cryptocurrency suffered a major rejection from the top of this range earlier this week and now attempts a retest of that mark.
I foresee another rejection from the $34.00 resistance in the coming hours, followed by a drop to the $30.50 axis, essentially perpetuating the sideways bias.
However, an unlikely breach of this top would send the cryptocurrency flying towards the $38.00 mark within a short period.
Meanwhile, my resistance levels are $34.00, $36.00, and $38.00, and my support levels are $30.50, $28.50, and $27.00.
Total Market Capitalization: $974.9 billion
Solana Market Capitalization: $11.7 billion
Solana Dominance: 1.2%
Market Rank: #9
I foresee another rejection from the $34.00 resistance in the coming hours, followed by a drop to the $30.50 axis, essentially perpetuating the sideways bias.
However, an unlikely breach of this top would send the cryptocurrency flying towards the $38.00 mark within a short period.
Meanwhile, my resistance levels are $34.00, $36.00, and $38.00, and my support levels are $30.50, $28.50, and $27.00.
Total Market Capitalization: $974.9 billion
Solana Market Capitalization: $11.7 billion
Solana Dominance: 1.2%
Market Rank: #9
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