Solana Price Analysis: SOL Looks To Push Above $180 After Positive Session

Daily Solana Price Prediction

Last Updated December 22nd 2021
3 Min Read
  • The Solana price has posted a relatively strong recovery during the current session and is up by almost 2%. 
  • SOL had gotten off to a fairly bearish start to the week, dropping by over 3% on Monday. 

The Solana price is looking to push to $180 during the ongoing session, with SOL currently up by almost 2% at $177. SOL had pushed up significantly on Saturday, rising by over 4% and settling at $183.03. However, the price fell back on Sunday, as SOL dropped by 1.61% and settled at $180.08. Monday saw SOL continue to drop, as the price fell to $173.92 before falling back during the current session. 

Solana Price Chart Indicates SOL Looking To Push Above $180 

The Solana price started the previous weekend on a fairly positive note, rising by 2.52% on Saturday and then pushing up by 0.56% on Sunday to end the weekend at $172.99. SOL fell back on Monday, falling by over 10% and settling at $155.22 before recovering on Tuesday and rising by over 4% to settle at $161.46. SOL pushed up significantly on Wednesday, rising by over 10% and settling at $178.60.

Image: SOL/USD daily

Image: SOL/USD daily chart 122221

After rising to $178.60, the Solana price fell back on Thursday, dropping by 0.93%. SOL remained in the red on Friday as well, falling by 0.62% and settling at $175.85. The weekend saw a strong recovery, as SOL rose by over 4% and settled at $183.03 before falling back on Sunday and settling at $180.08. Monday saw SOL continue to drop, as the price fell by over 3% to $173.92 before recovering and pushing above $175 during the current session.

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

Image: SOL/USD 4-hour

Image: SOL/USD 4-hour chart 122221

Looking at the 4-hour Solana price chart, we can see that SOL had pushed up to $187.16 on the 16th. The price fell back from this level, dropping to $176.90 and then $174.30 on the 18th. Here the 20-bar SMA was acting as support, and as a result, SOL pushed up to $187.26. However, SOL could not stay at this level and fell back significantly, dropping below the 20 and 50-bar SMAs to $170.07. SOL pushed back above the 50-bar SMA from this level, rising to $179.79 but could not push past the 20-bar SMA and fell back to its current level of $176.

We can see that the Parabolic SAR has just flipped to bullish, indicating that we could see the price recover.

Solana Price Is Expected To Reach These Levels 

Looking at the Solana price, we see that SOL has recovered during the current session. If the current sentiment persists, we could see SOL push to $180. However, if sellers take control of the session, we could see the price drop below $175.