Conclusion
Solana price analysis for July 19, 2022, ends on a bullish note for SOL with considerable chances of retesting $50 resistance.
Solana price analysis for July 19, 2022, comes on a bullish note for the SOL coin as we can expect the token make a move towards the $50 price region if the price action remains above the $40 region. In the last 24 hours, SOL surged by more than 12%. Furthermore, it is important to note that there are increased chances of SOL making higher highs in the coming days if the $40 price region turns into support as buying volume remains high. The nearest resistance for the token now rests at $50 while the buying volume remains high overall.
As noted in our SOL price analysis for July 18, 2022, we can expect the SOL token to prove to be a worthy investment in the long term and for the short term, there is a strong support at the $30 price region which seems to be holding for now.
The data from CoinMarketCap shows that the trading volume for SOL surged by 87.09% in the last 24 hours, followed by a 12.15% surge in the market cap. The Market Dominance of the Solana token rose to 1.47%, while the Volume / Market Cap Ratio stands at 0.1344.
The daily candle for Solana was initiated at a price of $43.52 and reached a daily high of $46. Furthermore, the daily low for SOL was seen at $46.09, while the price of 1 SOL at the time of writing was $44.18.
Solana price analysis from the daily chart for July 19
Solana price analysis for July 19, 2022, will take into account the data from the daily chart below and three major indicators integrated into it.
Source: TradingView
The MACD line and the signal line are nearly overlapping while the bullish intensity of the MACD histogram continues to surge.
The RSI indicator for Solana reads a value below 64 which means that bulls are overall in control of the price action.
The price action for Solana has broken from the upper end of the bullish zone of the Bollinger Bands and a bullish breakout might follow.
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December 19, 2025
December 19, 2025
December 19, 2025
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