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Solana Price Analysis — September 9
SOL has staged an ambitious rebound over the last 48 hours, jumping by 18% from the $30.50 range base to the $36.00 resistance.
While it has yet to break the $36.00 mark, the recent rebound highlights strong bullish momentum in the market ahead of the highly-anticipated Merge upgrade.
As we head into the weekend, we could see the bullish momentum subside into a sideways pattern and possibly resume in the coming week. As such, a breach of the $36.00 mark might stall a bit.
Meanwhile, my resistance levels are $36.00, $38.00, and $40.00, and my support levels are $34.00, $32.00, and $30.50.
Total Market Capitalization: $1.04 trillion
Solana Market Capitalization: $12.4 billion
Solana Dominance: 1.19%
Market Rank: #9
While it has yet to break the $36.00 mark, the recent rebound highlights strong bullish momentum in the market ahead of the highly-anticipated Merge upgrade.
As we head into the weekend, we could see the bullish momentum subside into a sideways pattern and possibly resume in the coming week. As such, a breach of the $36.00 mark might stall a bit.
Meanwhile, my resistance levels are $36.00, $38.00, and $40.00, and my support levels are $34.00, $32.00, and $30.50.
Total Market Capitalization: $1.04 trillion
Solana Market Capitalization: $12.4 billion
Solana Dominance: 1.19%
Market Rank: #9
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