Solana Price Analysis: SOL Looks To Push Above $150 After Fairly Positive Weekend

Daily Solana Price Prediction

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Last Updated January 17th 2022
3 Min Read
  • The Solana price is currently up by almost 1%, as buyers look to push it above $150. 
  • SOL has been fairly positive in recent sessions and had registered an increase of over 8% on Wednesday. 

The Solana price continued to push higher over the weekend, as it looks to move back above the $150 level. On Thursday, SOL had registered a sharp drop, dropping by 3.60% to $146.14. The price registered a marginal increase on Friday after a fairly volatile session. SOL pushed up by 0.98% on Saturday, getting off to a fairly positive start to the weekend after rising to $147.67. The current session sees SOL at $148, with buyers in control of the session. 

Solana Price Chart Indicates SOL Could Push To $150 

The Solana price started the previous weekend on an extremely bearish note, as the price dropped over 9% on Friday, dropping to $136.40. The 200-day SMA came into play at this level, acting as support, and SOL pushed up over 4% on Saturday. However, Sunday saw the price back in the red, as it dropped to $140.85. Monday saw SOL slip below $140, as the price fell by 3.44% to $130.01. Once again, the 200-day SMA acted as support, and SOL pushed back to $140.24 on Tuesday. Wednesday saw an even more significant increase, as the price rose over 8% and settled at $151.60.

Image: SOL/USD daily

Image: SOL/USD daily chart 011722

Despite the bullish sentiment, the Solana price fell back on Thursday, dropping by 3.60% and settling at $146.14. However, the price was back in the green on Friday, registering a marginal increase on Friday, then pushing up by 0.98% on Saturday and moving to $147.67. The current session sees SOL at $149, as buyers look to push the price above $150.

We can see that the MACD has just flipped to bullish, indicating that we could see the price push higher.

Image: SOL/USD 4-hour

Image: SOL/USD 4-hour chart 011722

The 4-hour Solana price chart shows us that SOL had surged past the 50-bar SMA on the 12th, rising to $147.79. The price continued to push from this level, rising to $152.90 before dropping to $148.73. The price pushed back up from this level, $154.85, before dropping to $146.12 on the 14th. SOL continued to drop from this level, falling below the 20-bar SMA and settling at $143.50. The price pushed back up from this level, as it moved back above the 20-bar SMA and settled at $148.50 before dropping back below the 20-bar SMA to $145.55. With the 20-bar SMA now acting as resistance, SOL could not push past this level until the 16th, rising to $149.80 and then to its current level of $150.

We can see that Parabolic SAR is currently bearish, but if the price continues to increase, we could see it flip to bullish.

Solana Price Is Expected To Reach These Levels 

Looking at the Solana price chart, we see that SOL has been quite bullish over the weekend. We could see SOL push past $150 and move towards $155 if the present bullish sentiment persists.