Solana Price Analysis: SOL Looks To Push To $185

Daily Solana Price Prediction

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Last Updated December 17th 2021
3 Min Read
  • The Solana price has registered a marginal increase during the ongoing session, as it looks to move past $180 
  • SOL has been quite bullish over the week and had pushed up to $178.57 on Wednesday. 

The Solana price registered a marginal increase during the current session, as the price pushed up during the ongoing session. SOL had started the week on an extremely bearish note, dropping by over 10% on Monday. On Tuesday, the price recovered, rising by over 4% and moving to $161.49. Wednesday saw an even bigger increase, as SOL pushed up by over 10% but then fell back into the red on Thursday, registering a drop of 0.94%. 

Solana Price Chart Indicates SOL Could Push Above $180 

The Solana price had started the previous week on a fairly bearish note, as it dropped by 1.27% on Monday. The price continued to drop on Tuesday, falling to $190.43, but recovered on Wednesday, rising by 2.32% and settling at $194.84. SOL fell back in the red on Thursday, as the price dropped to $181.56 after dropping by almost 7%. Friday saw the price continue to drop, falling by 7.58% and settling at $167.80.

Image: SOL/USD daily chart 121721

Image: SOL/USD daily

After dropping to $167.80 on Friday, the Solana price recovered over the weekend, rising by 2.52% on Saturday and then by 0.56% on Sunday to end the weekend on a positive note. However, the price fell back on Monday by over 10% and dropped to $155.22. SOL recovered from this level, rising by over 4% on Tuesday and then by over 10% on Wednesday to move to $178.57. However, the price fell back on Thursday, dropping by 0.94%, before pushing up during the ongoing session.

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

Image: SOL/USD 4-hour chart 121721

Image: SOL/USD 4-hour

Looking at the 4-hour Solana price chart, we can see that SOL had pushed above the 20-bar SMA on the 12th, rising to $174.54. However, the price fell back from this level, as it dropped significantly, dropping to $153.40 on the 13th. SOL made a gradual recovery from this level and pushed above the 20-bar SMA on the 15th before dropping to $157.72. However, SOL surged from this level, pushing past the 20-bar SMA and 50-bar SMA and moving to $187.07 on the 16th. SOL dropped to $176.90 from this level before dropping to its current level of $180.

We can see that the MACD is currently bullish, indicating that we could see the price push higher.

Solana Price Is Expected To Reach These Levels 

Looking at the Solana price chart, we see that SOL has been quite bullish during the current week. The price has already crossed $180, and if the current sentiment persists, we could see SOL move to $185.