Category: Technical Analysis

Solana tumbled and declined toward $110. SOL price is now correcting losses above $140 and facing hurdles near the $160 resistance zone.

• SOL price gained bearish momentum and declined below $150 against the US Dollar.
• The price is now trading below $160 and the 100 simple moving average (4 hours).
• There is a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to recover if it clears the $150 and $160 resistance levels.

Solana Price Starts Recovery

Solana price started a major decline below the $180 and $160 support levels. SOL declined over 20% and even tumbled below the $150 level. Finally, the bulls appeared near $110.

A low was formed at $115.04 and the price is now attempting a recovery wave like Bitcoin and Ethereum. There was a decent increase above the $125 and $132 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $204 swing high to the $115 low.

Solana is now trading below $150 and the 100 simple moving average (4 hours). Immediate resistance is near the $150 level. The next major resistance is near the $160 level.

Source: SOLUSD on TradingView.com

There is also a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair. The trend line is near the 61.8% Fib retracement level of the downward move from the $204 swing high to the $115 low. A successful close above the $160 resistance could set the pace for another major increase. The next key resistance is near $182. Any more gains might send the price toward the $200 level.

Are Dips Supported in SOL?

If SOL fails to rally above the $160 resistance, it could start another decline. Initial support on the downside is near the $140 level.

The first major support is near the $132 level, below which the price could test $125. If there is a close below the $125 support, the price could decline toward the $115 support in the near term.

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 below the 50 level.

Major Support Levels – $140, and $132.

Major Resistance Levels – $150, $160, and $182.

Solana is gaining bullish momentum above $200. SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term.

• SOL price gained bullish momentum and cleared the $200 resistance against the US Dollar.
• The price is now trading above $200 and the 100 simple moving average (4 hours).
• There is a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to rally if it clears the $205 and $212 resistance levels.

Solana Price Extends Rally

Solana price remained strong above the $150 level and extended its rally. There was a decent increase above the $165 and $180 levels.

The price is up nearly 20% and there was a move above the $200 level, outperforming Bitcoin and Ethereum. A new multi-month high was formed near $204, and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $142 swing low to the $204 high.

There is also a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL/USD pair. Solana is now trading above $200 and the 100 simple moving average (4 hours).

Source: SOLUSD on TradingView.com

Immediate resistance is near the $205 level. The next major resistance is near the $212 level. A successful close above the $212 resistance could set the pace for another major increase. The next key resistance is near $220. Any more gains might send the price toward the $232 level.

Are Dips Supported in SOL?

If SOL fails to rally above the $205 resistance, it could start a downside correction. Initial support on the downside is near the $195 level and the trend line.

The first major support is near the $175 level or the 50% Fib retracement level of the upward move from the $142 swing low to the $204 high, below which the price could test $165. If there is a close below the $165 support, the price could decline toward the $150 support or the 100 simple moving average (4 hours) in the near term.

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 50 level.

Major Support Levels – $19, and $175.

Major Resistance Levels – $205, $212, and $220.

Solana is gaining bullish momentum above $108. SOL price is showing positive signs, and it could even surpass the $118 resistance in the near term.

• SOL price started a fresh increase from the $98.50 support against the US Dollar.
• The price is now trading above $108 and the 100 simple moving average (4 hours).
• There was a break above a major bearish trend line with resistance at $108.80 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to rally if it clears the $115 and $118 resistance levels.

Solana Price Starts Fresh Increase

Solana price formed a base above the $98.50 support zone and recently started a fresh increase. There was a decent increase above the $102 and $105 levels.

The price is up nearly 10% and there was a move above the $108 level, like Bitcoin and Ethereum. There was a break above a major bearish trend line with resistance at $108.80 on the 4-hour chart of the SOL/USD pair. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $118.70 swing high to the $98.54 low.

Solana is now trading above $110 and the 100 simple moving average (4 hours). Immediate resistance is near the $111 level. The next major resistance is near the $114 level or the 76.4% Fib retracement level of the downward move from the $118.70 swing high to the $98.54 low.

Source: SOLUSD on TradingView.com

A successful close above the $114 resistance could set the pace for another major increase. The next key resistance is near $118. Any more gains might send the price toward the $125 level.

Are Dips Limited in SOL?

If SOL fails to rally above the $114 resistance, it could start a downside correction. Initial support on the downside is near the $108.50 level or the 100 simple moving average (4 hours).

The first major support is near the $105.00 level, below which the price could test $98.50. If there is a close below the $98.50 support, the price could decline toward the $92 support in the near term.

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 50 level.

Major Support Levels – $108.50, and $105.00.

Major Resistance Levels – $114, $118, and $125.

Solana is gaining bullish momentum above $110. SOL price is surging, and the bulls could soon aim for a move above the $120 level.

• SOL price started a fresh increase from the $95.00 support against the US Dollar.
• The price is now trading above $105 and the 100 simple moving average (4 hours).
• There is a key bullish trend line forming with support at $109.20 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to rally if it clears the $115 and $118 resistance levels.

Solana Price Starts Fresh Rally

Solana price formed a base above the $94.00 support zone and recently started a fresh increase. There was a decent increase above the $98 and $100 levels.

The price is up nearly 10% and there was a move above the $110 level, outperforming Bitcoin and Ethereum. The bulls pushed the price close to $115. A high is formed near $114.98 and the price is showing no signs of upside exhaustion.

It is holding gains above the 23.6% Fib retracement level of the recent wave from the $103.38 swing low to the $114.98 high. Solana is now trading above $110 and the 100 simple moving average (4 hours).

There is also a key bullish trend line forming with support at $109.20 on the 4-hour chart of the SOL/USD pair. The trend line is near the 50% Fib retracement level of the recent wave from the $103.38 swing low to the $114.98 high.

Source: SOLUSD on TradingView.com

Immediate resistance is near the $115 level. The next major resistance is near the $118 level. A successful close above the $118 resistance could set the pace for another major increase. The next key resistance is near $125. Any more gains might send the price toward the $132 level.

Are Dips Supported in SOL?

If SOL fails to rally above the $115 resistance, it could start a downside correction. Initial support on the downside is near the $112.20 level.

The first major support is near the $109.20 level and the trend line, below which the price could test $105. If there is a close below the $105 support, the price could decline toward the $100 support in the near term.

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 50 level.

Major Support Levels – $102.20, and $109.20.

Major Resistance Levels – $115, $118, and $125.

Solana is gaining bullish momentum above $100. SOL price is signaling a fresh increase and might rally further toward the $112 level.

• SOL price started a fresh increase from the $93.20 support against the US Dollar.
• The price is now trading above $98 and the 100 simple moving average (4 hours).
• There was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to rally if it clears the $102.50 and $105.00 resistance levels.

Solana Price Regains Bullish Momentum

Solana price formed a base above the $93.20 support zone and recently started a fresh increase. There was a decent increase above the $96 and $98 levels.

The price is up over 7% and there was a move above the $100 level, outperforming Bitcoin and Ethereum. During the increase, the price cleared the 76.4% Fib retracement level of the downward move from the $102.46 swing high to the $93.17 low.

Besides, there was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL/USD pair. Solana is now trading above $98 and the 100 simple moving average (4 hours).

Source: SOLUSD on TradingView.com

Immediate resistance is near the $102.50 level. The next major resistance is near the $105 level. A successful close above the $105 resistance could set the pace for another major increase. The next key resistance is near $112. Any more gains might send the price toward the $120 level.

Are Dips Supported in SOL?

If SOL fails to rally above the $105 resistance, it could start a downside correction. Initial support on the downside is near the $98 level.

The first major support is near the $96 level and the 100 simple moving average (4 hours), below which the price could test $93.20. If there is a close below the $93.20 support, the price could decline toward the $85 support in the near term.

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 50 level.

Major Support Levels – $96, and $93.20.

Major Resistance Levels – $102.50, $105, and $112.

Solana is attempting a fresh increase from the $92 zone. SOL price could gain bullish momentum if it manages to clear the $100 and $104 resistance levels.

• SOL price started a fresh decline from the $106 resistance against the US Dollar.
• The price is now trading above $92 and the 100 simple moving average (4 hours).
• There was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could start another increase if it surpasses the $100 and $104 levels.

Solana Price Faces Key Test

Solana price started a fresh decline after it struggled to clear the $106 level like Bitcoin at $43,800. There was a clear move below the $102 and $100 support levels.

Besides, there was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL/USD pair. However, the bulls were active near the $92 level and the 100 simple moving average (4 hours). The price is now attempting a fresh increase above the $95 level.

The price retested the $100 zone and the 50% Fib retracement level of the downward move from the $106.41 swing high to the $92.95 low. SOL is now trading above $95 and the 100 simple moving average (4 hours).

Source: SOLUSD on TradingView.com

Immediate resistance is near the $100 level. The next major resistance is near the $104 level or the 76.4% Fib retracement level of the downward move from the $106.41 swing high to the $92.95 low. A successful close above the $104 resistance could set the pace for another major increase. The next key resistance is near $112. Any more gains might send the price toward the $120 level.

Another Decline in SOL?

If SOL fails to rally above the $100 resistance, it could start another decline. Initial support on the downside is near the $92 level and the 100 simple moving average (4 hours).

The first major support is near the $90 level, below which the price could test $85. If there is a close below the $85 support, the price could decline toward the $78 support in the near term.

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 50 level.

Major Support Levels – $92, and $92.

Major Resistance Levels – $100, $104, and $112.

Solana is attempting a recovery wave from the $80 zone. SOL price could struggle to clear the $92 and $94 resistance levels in the near term.

• SOL price started a fresh decline from the $104 resistance against the US Dollar.
• The price is now trading below $95 and the 100 simple moving average (4 hours).
• There was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could start another decline if it fails to clear the $92 or $94 resistance.

Solana Price Faces Key Hurdles

Solana price started a fresh decline like Bitcoin and traded below the $95 support zone. There was a clear move below the $92 and $90 support levels.

Finally, SOL price found support near the $79 zone. A low was formed near $78.96, and the price is now attempting a recovery wave like Ethereum. There was a move above the $84 resistance. The price climbed above the 23.6% Fib retracement level of the downward move from the $103.40 swing high to the $78.96 low.

Besides, there was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL/USD pair. It is now trading below $95 and the 100 simple moving average (4 hours).

Immediate resistance is near the $91.20 level. It is close to the 50% Fib retracement level of the downward move from the $103.40 swing high to the $78.96 low. The first major resistance is near the $94 level or the 100 hourly SMA.

Source: SOLUSD on TradingView.com

The main resistance is now near $98. A successful close above the $98 resistance could set the pace for another major increase. The next key resistance is near $112. Any more gains might send the price toward the $120 level.

Another Decline in SOL?

If SOL fails to rally above the $91.20 resistance, it could start another decline. Initial support on the downside is near the $84.80 level.

The first major support is near the $80.00 level, below which the price could test $75.00. If there is a close below the $68 support, the price could decline toward the $72.50 support in the near term.

Technical Indicators

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

4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $84.80, and $80.00.

Major Resistance Levels – $91.20, $94.00, and $98.00.

Solana is moving lower from the $120 resistance. SOL price is showing a few bearish signs and might decline sharply toward the $80 support.

• SOL price started a fresh decline from the $120 resistance against the US Dollar.
• The price is now trading below $102 and the 100 simple moving average (4 hours).
• There is a key contracting triangle forming with resistance near $102 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to move down toward the $85 support or even $80.

Solana Price Faces Uphill Task

After a steady increase, Solana bulls struggled to clear the $120 resistance. SOL price formed a short-term top and started a fresh decline below the $112 support, like Bitcoin and Ethereum.

There was a steady decline below the $105 level. The bears pushed the price below the $100 level. It tested the $91.50 support. A low is formed near $91.38, and the price is now consolidating losses. There is also a key contracting triangle forming with resistance near $102 on the 4-hour chart of the SOL/USD pair.

SOL is now trading below $102 and the 100 simple moving average (4 hours). Immediate resistance is near the $97.40 level. It is close to the 50% Fib retracement level of the downward move from the $103.39 swing high to the $91.38 low.

The first major resistance is near the $100 level or the 76.4% Fib retracement level of the downward move from the $103.39 swing high to the $91.38 low.

Source: SOLUSD on TradingView.com

The main resistance is now near $102. A successful close above the $102 resistance could set the pace for another major rally. The next key resistance is near $112. Any more gains might send the price toward the $120 level.

More Losses in SOL?

If SOL fails to rally above the $102 resistance, it could continue to move down. Initial support on the downside is near the $92.00 level.

The first major support is near the $85.20 level, below which the price could test $80. If there is a close below the $68 support, the price could decline toward the $74.50 support in the near term.

Technical Indicators

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

4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $85, and $80.

Major Resistance Levels – $97.40, $102, and $112.

Solana is moving lower from the $115 resistance. SOL price is showing a few bearish signs and might decline sharply toward the $68 support.

• SOL price started a fresh decline from the $115 resistance against the US Dollar.
• The price is now trading below $100 and the 100 simple moving average (4 hours).
• There is a key bearish trend line forming with resistance near $92 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to move down toward the $80 support or even $68.

Solana Price Starts Downside Correction

After a steady increase, Solana bulls struggled to clear the $115 resistance. SOL price formed a short-term top and started a fresh decline below the $105 support.

There was a steady decline below the $100 pivot level. The bears pushed the price below the 50% Fib retracement level of the upward move from the $71 swing low to the $108 high. The price is now showing a few bearish signs from the $115 resistance zone, like Bitcoin and Ethereum.

SOL is now trading below $95 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $92 on the 4-hour chart of the SOL/USD pair.

Source: SOLUSD on TradingView.com

If there is a fresh increase, immediate resistance is near the $92 level and the trend line. The first major resistance is near the $100 level or the 100 simple moving average (4 hours). The main resistance is now near $105. A successful close above the $105 resistance could set the pace for another major rally. The next key resistance is near $115. Any more gains might send the price toward the $125 level.

More Losses in SOL?

If SOL fails to rally above the $92 resistance, it could continue to move down. Initial support on the downside is near the $80 level.

The first major support is near the $72 level, below which the price could test $68. If there is a close below the $68 support, the price could decline toward the $50 support in the near term.

Technical Indicators

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

4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $80, and $68.

Major Resistance Levels – $92, $100, and $105.