SOL Price Prediction: Solana Jumps 12% As The Bulls Aim $30

2023-2-20 08:51

Solana is surging above $25 against the US Dollar. SOL price could extend its rally above the $27 and $28 resistance levels in the near term.

Sol price started a fresh increase above the $22 and $25 levels against the US Dollar. The price is now trading above $25 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $23.80 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could rise further if it clears the $26.80 and $28.00 resistance levels. Solana Price Rallies Over 12%

This past week, solana price formed a base and started a steady increase above the $22 level. There was a strong increase above the $25 resistance zone, similar to bitcoin and ethereum.

The bulls even managed to pump the price above the $25.50 resistance. Today, the price is up over 12% and trading nicely above the $26 level. During the recent increase, there was a break above a major bearish trend line with resistance near $23.80 on the 4-hours chart of the SOL/USD pair.

SOL price is now showing positive signs above $25 and the 100 simple moving average (4-hours). It is also trading above the 23.6% Fib retracement level of the upward wave from the $22.03 swing low to $26.78 high.

Source: SOLUSD on TradingView.com

On the upside, an immediate resistance is near the $26.80 level. The next major resistance is near the $28.00 level, above which the price could aim a move towards the $30 level. The next major resistance is near the $32 zone, above which the price might rise towards the $35 barrier. Any more gains might send the price towards the $40 level.

Dips Attractive in SOL?

If SOL fails to clear the $28 resistance, it could start a downside correction. An initial support on the downside is near the $25.50 level.

The first major support is near the $24.40 level and the 50% Fib retracement level of the upward wave from the $22.03 swing low to $26.78 high. The next major support is near the $24.00 level. If there is a downside break below the $24.00 support, the price might test the next key support at $22.00.

Technical Indicators

4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 60 level.

Major Support Levels – $25.50, $24.40 and $22.00.

Major Resistance Levels – $26.80, $28.00 and $30.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Sola (SOL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1285 (-100%)

sol price above against dollar levels solana

Источник: newsbtc.com

sol price → Результатов: 126


Фото:

SOL Price Forecast Takes Bearish Turn, Prepare For Potential Plummet To $30 Or Lower

Solana (SOL) has emerged as a prominent player in the dynamic world of cryptocurrency, showcasing a remarkable uptrend and delivering substantial gains. Despite a modest 3. 6% correction in SOL price over the past 24 hours, the native token of the blockchain platform has recorded a significant increase of 43% over the past fourteen-day period.

2023-11-21 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Solana’s Pump.Fun Under Fire: Users Ask For Shutdown Over Livestream Chaos

Solana-based memecoin launchpad Pump.fun is in the middle of a storm after a wave of users misusing its Livestream feature to pump their tokens became viral. The recent harmful behavior comes amid the cycle’s memecoin frenzy, which has seen numerous community members use deceitful tactics to profit from the sector’s popularity. Related Reading: Shiba Inu […]

Solana (SOL) Bulls Stay in Control: Rally Far From Over?

Solana started a fresh increase above the $240 zone. SOL price is consolidating gains and might aim for an upside break above the $255 resistance. SOL price started a fresh increase after it settled above the $220 level against the US Dollar.

$4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern

The Solana price could be gearing up to reach a new ATH of $4,000, according to an analyst who highlighted its recent breakout from a massive Cup and Handle pattern. This bullish signal comes on the heels of recent gains in the Solana (SOL) price, which have pushed it significantly above the $200 mark, indicating strong upward movement.

Solana Surges As Momentum Resumes, Is $240 the Next Stop?

Solana (SOL) is gaining momentum once more, with bullish energy pushing it higher as it aims for the next major resistance at $240. Following recent consolidations, SOL has surged onto traders’ radars with renewed buying interest, sparking optimism that the climb will continue.