The SOL price is currently moving slowly since it is still within an ascending triangle and has not yet reached the peak of the consolidation. Additionally, the RSI showed a bullish divergence, which might confirm a rebound from the pattern's lower support. However, given that the volume is still largely depleted, the rally may continue at a slower pace. The ADX is primarily negative, which denotes a waning in the force of the rally. Accordingly, as per coinpedia it seems like the range of $19.5 to $26.5 could be a good place for long positions to accumulate before a fine upswing is triggered. A strong rising momentum may break the downtrend once the price crosses over $26, reaching the first objective between $42 and $47, which is the upper limit of the long-term liquidity. If Solana price prediction 2023 is successful in navigating the crypto-verse's difficulties while resolving the consensus problems. Coinpedia projects SOL price increase can be as much as $36.87.
This is interesting to me. The time to go long was when not too 'long' ago SoL was at half the price it's at now. And yet.... Now that the Ethereum foundation is preparing again to upgrade to sharding... (which will be yet ANOTHER nail in the coffin to SoL)... people are talking about being bullish on SoL?