The tokens Solana (SOL), Injective (INJ), and Radicle (RAD) might be gearing up for a significant upward movement soon. Over the past two weeks, both INJ and SOL have rebounded from key support levels, and RAD may be poised to break out of its 14-day consolidation channel.
Solana (SOL) In the span of two weeks, SOL’s price rebounded from the long-term positive trendline and attempted to surpass a major resistance level.
On September 12, 2023, SOL’s price bounced off the positive trendline established on the daily chart since June of this year. Since then, the cryptocurrency’s price has cleared the $19.35 barrier, turning it into support. This has provided SOL with the foundation needed to breach the resistance level at $22.20.
If SOL manages to close a daily candle above this barrier in the next couple of days, the token could continue its ascent towards the subsequent resistance level at $25.55. However, this bullish scenario could be invalidated if SOL fails to close a daily candle above $22.20 in the next 3 days.
