Analyst: Solana price exceeded 200 day average, target $100

With Solana ' s prices rising by 25 per cent over the past week, which briefly touched $93.39 on 21 August, the market squeezed the main moving average line. The breakthrough opened the way for $98 and $100, although over-purchased dayline indicators increased the risk of short-term recall. According to Crypto.News, Solana (SOL) prices were close to $92 at the time of writing, increasing by nearly 5 per cent in the day. The increase in the coin has resulted in it being removed from the price range since June. The wiring shows that SOL has broken through a resistance zone of $76-78, cleared the top of $82 and changed the short-term market structure. This increase was accompanied by the expansion of trading activities and supported movement beyond the front zone. SOL has now returned to the price level since May, and the seller defended the area between $94 and $98. The increase followed a wider digital currency squeeze, removing over $4 billion in empty positions within 48 hours. The rapid increase in Solana's relative large assets reflects its volatility as market sentiment changes。