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SOL Price Prediction – Why Solana Could See Sharp Downside Thrust

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.

SOL Price Prediction

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.

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Tron Price Prediction: TRX Could Outperform Bitcoin And Surge 10%

Tron price is holding gains above the $0.1050 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1105.

  • Tron is moving higher above the $0.1050 resistance level against the US dollar.
  • The price is trading above $0.1065 and the 100 simple moving average (4 hours).
  • There is a key rising channel forming with support at $0.1052 on the 4-hour chart of the TRX/USD pair (data source from Kraken).
  • The pair could continue to climb higher toward $0.1105 or even $0.1200.

Tron Price Regains Strength

Recently, Bitcoin and Ethereum saw a major drop below $43,500 and $2,200. However, Tron price remained stable above the $0.1000 support. TRX formed a base above $0.1020 and started a fresh increase.

There was a move above the $0.1050 and $0.1055 resistance levels. The bulls pushed it above the 50% Fib retracement level of the downward move from the $0.1059 swing high to the $0.1028 low. TRX is now trading above $0.1065 and the 100 simple moving average (4 hours).

There is also a key rising channel forming with support at $0.1052 on the 4-hour chart of the TRX/USD pair. The current price action suggests more upsides.

On the upside, an initial resistance is near the $0.1088 level. It is near the 76.4% Fib retracement level of the downward move from the $0.1059 swing high to the $0.1028 low. The first major resistance is near $0.1105, above which the price could accelerate higher.

Tron Price Prediction

Source: TRXUSD on TradingView.com

The next resistance is near $0.1150. A close above the $0.1150 resistance might send TRX further higher toward $0.1200. The next major resistance is near the $0.1124 level, above which the bulls are likely to aim for a larger increase toward $0.1320.

Are Dips Limited in TRX?

If TRX price fails to clear the $0.1105 resistance, it could start a downside correction. Initial support on the downside is near the $0.1065 zone.

The first major support is near the $0.1050 level or the trend line, below which it could test $0.1020. Any more losses might send Tron toward the $0.0975 support in the coming sessions.

Technical Indicators

4 hours MACD – The MACD for TRX/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 50 level.

Major Support Levels – $0.1065, $0.1050, and $0.0975.

Major Resistance Levels – $0.1088, $0.1105, and $0.1150.

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SOL Price Surges 10% As Solana Bulls Aim New High Above $125

Solana is up over 10% and gaining pace above $105. SOL price seems to be setting up for an upside break above the $125 resistance zone.

  • SOL price started a fresh rally above the $100 resistance against the US Dollar.
  • The price is now trading above $105 and the 100 simple moving average (4 hours).
  • There was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could continue to rally if there is a clear move above the $118 resistance.

Solana Price Starts Fresh Rally

After a downside correction, Solana found support near the $93.50 level. SOL formed a base and recently started a fresh increase above the $100 resistance.

It is up over 10% today, outperforming Bitcoin and Ethereum. There was a move above the 50% Fib retracement level of the downward move from the $126.13 swing high to the $93.50 low. Besides, there was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL/USD pair.

SOL is now trading above $105 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $114 level. The first major resistance is near the $118 level or the 76.4% Fib retracement level of the downward move from the $126.13 swing high to the $93.50 low.

SOL Price Solana

Source: SOLUSD on TradingView.com

The main resistance is now near $125. A successful close above the $125 resistance could set the pace for another major rally. The next key resistance is near $138. Any more gains might send the price toward the $145 level.

Another Drop in SOL?

If SOL fails to rally above the $118 resistance, it could start a downside correction. Initial support on the downside is near the $108 level.

The first major support is near the $100 level or the 100 simple moving average (4 hours), below which the price could test $94. If there is a close below the $94 support, the price could decline toward the $80 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, and $100.

Major Resistance Levels – $118, $125, and $138.

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Storj (STORJ) Wyckoff Analysis (11 to 20 Dec 2023)

Wyckoff Analysis (WA) aims to understand why prices of stocks and other market items move due to supply and demand dynamics. It typically is applied to any freely traded market where larger or institutional traders operate (commodities, bonds, currencies, etc.). In this article we will apply WA to the cryptocurrency Storj ($STORJ) to make a forecast for approximate future events.

TradingView Chart

Link to the raw image: https://www.tradingview.com/x/BGsOkzGM

Storj is currently in Phase E of a Wyckoff Distribution Schematic #1. StockCharts says this about Phase E in their article on the Wyckoff Method:

Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short. Subsequent rallies during the markdown are usually feeble. Traders who have taken short positions can trail their stops as price declines. After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.

The trading range for Storj was $1 – $1.12 and it has concretely fallen below that. From the picture below a major SOW has occurred, more so pointing to a Distribution occurring. This also coincides with our analyst’s Elliott Wave (EWT) view on Storj. They predict a small rally as Storj continues to fall in its Wave 2. The majority of the liquidity (per its relevant Volume Profile) is between the 38.2% and 61.8%  LFR at $0.56 and $0.76 respectively. A liquidity cluster is typically expected between these LFRs in EWT leading us to the think a Wave 2 correction is happening. Additionally, the cluster is in the price range of the subwave 4, an EWT guideline.

Image

Link to the raw image: https://www.tradingview.com/x/dD8hv9Aj

Below is the typical schematic for a Wyckoff Distribution Schematic #1.

Glossary

All quotes are from the first link in Supplemental Reading.

Preliminary Supply (PSY) – “where large interests begin to unload shares in quantity after a pronounced up-move”

Buying Climax (BC) – large operators selling their shares while the public buys them at a premium during a period of huge demand

Automatic Reaction (AR) – “With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place”

Secondary Test (ST) – when “price revisits the area of the SC to test the supply/demand balance at these levels”

Upthrust After Distribution (UTAD) – “a definitive test of new demand after a breakout above TR resistance”

Test – where larger traders “test the market for supply throughout a TR”

Sign of Weakness (SoW) – “a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume”

Last Point of Supply (LPSY) – “exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest”

Elliott Wave Theory (EWT)

“A theory in technical analysis that attributes wave-like price patterns, identified at various scales, to trader psychology and investor sentiment.”

Source: “Elliott Wave Theory: What It Is and How to Use It” by James Chen (2023)

Logarithmic Fibonacci Retracement (LFR) – A measured correction at certain Fibonacci ratios on a semi-log scale.

Logarithmic Fibonacci Extensions (LFE) – A measured rally at certain Fibonacci ratios on a semi-log scale.

Supplemental Reading

“The Wyckoff Method: A Tutorial” by Bogomazov & Lipsett

“Reaccumulation Review” by Bruce Fraser (2018)

“Jumping the Creek: A Review” by Bruce Fraser (2018)

“Distribution Review” by Bruce Fraser (2018)

“Introduction to Point & Figure Charts” from StockCharts

“P&F Price Objectives: Horizontal Counts” from StockCharts

“The Wyckoff Methodology in Depth” by Rubén Villahermosa (2019)

“Wyckoff 2.0: Structures, Volume Profile and Order Flow” by Rubén Villahermosa (2021)

“Elliott Wave Principle – Key To Market Behavior” by Frost & Prechter (2022)

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SOL Price Corrects Gains But The Rally Is Far From Over – Here’s Why

Solana rallied above the $100 and $110 levels. SOL price is now correcting gains, but the bulls might remain active near the $100 level.

  • SOL price started a fresh rally above the $100 resistance against the US Dollar.
  • The price is now trading above $100 and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $102 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could start a fresh rally unless there is a close below the $100 support.

Solana Price Remains In Uptrend

In the past few days, Solana saw a major upward move above the $90 and $100 levels, unlike Bitcoin and Ethereum. SOL even rallied above the $120 level.

A new multi-week high was formed near $126.13 and the price is now correcting gains. There was a move below the $115 and $112 levels. The price declined below the 23.6% Fib retracement level of the upward move from the $67.25 swing low to the $126.13 high.

SOL is now trading above $100 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $102 on the 4-hour chart of the SOL/USD pair.

SOL Price Solana

Source: SOLUSD on TradingView.com

On the upside, immediate resistance is near the $112 level. The first major resistance is near the $120 level. The main resistance is now near $125. A successful close above the $125 resistance could set the pace for another major rally. The next key resistance is near $132. Any more gains might send the price toward the $145 level.

More Losses in SOL?

If SOL fails to rally above the $120 resistance, it could continue to move down. Initial support on the downside is near the $100 level.

The first major support is near the $90 level or the 61.8% Fib retracement level of the upward move from the $67.25 swing low to the $126.13 high, below which the price could test $80. If there is a close below the $80 support, the price could decline toward the $68 support in the near term.

Technical Indicators

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

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

Major Support Levels – $100, and $92.

Major Resistance Levels – $115, $120, and $125.

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What’s Helium Mobile And Why Is It Exploding To Over 800%?

Smaller cryptocurrencies are drawing greater attention from investors while larger well-known ones are taking a break following significant increases. One of the lesser-known altcoins is making some big noise: Helium Mobile (MOBILE) has surged by about 1,000% in the past seven days.

Leading the way in the cryptocurrency market’s dynamic trend toward smaller-cap cryptocurrencies is Helium Mobile, whose price has surged by 32% to $0.0072 in the previous day. The altcoin’s trading volume has increased by almost 200% to $20 million, reflecting its recent spike. The market valuation of the coin has broken above $500 million.

Within the Helium Mobile Network, the Helium Mobile token is a native protocol token. Helium Network tokens (HNT) provide support for MOBILE tokens because of the strong relationship between the two.

MOBILE Token Soars With Helium’s Expansion

August 12, 2022, saw the issuance and launch of the MOBILE token. However, it didn’t begin trading on public exchanges until 2023, when its starting price was about $0.0002821. Up until the first week of December, the MOBILE token was trading in a similar range.

Helium’s recent introduction of its competitively priced $20 monthly nationwide unlimited mobile services is the reason for the company’s sharp price increase. The mobile virtual network operator (MVNO) has acquired an estimated 8,000 members as a result of this calculated approach.

The incorporation of blockchain technology into Helium Mobile’s service is a distinctive feature that gives users the opportunity to get “mapping prizes.”

There are currently over 363,000 Helium hotspots worldwide, according to data on its platform, and as the price of HNT tokens grows, this trend may continue.

About 34,000 users downloaded the app and chose to map, but they haven’t subscribed to Helium’s services yet, compared to 8,000 who have already done so. To reach these notable figures in a matter of days for a new application is noteworthy.

Helium Mobile Surge Defies Crypto Downturn

Helium Mobile and its mapping service have gained thousands of new clients as a result of MOBILE’s explosive price increase this month—it has increased by over 2,000%. According to data portal Helium Geek, more than 6,700 wallets received MOBILE prizes on Sunday—more than twice as many as a week earlier.

The value of Helium Mobile is simply performing better than most of its peers despite the overall decline in the cryptocurrency market.

Featured image from Shutterstock

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SOL Price Soars 8%, Solana Indicators Suggest Breakout Above $80

Solana stayed above the $67.50 support and started a fresh increase. SOL price is gaining pace and might soon attempt a move above $80.

  • SOL price started a fresh rally above the $72 resistance against the US Dollar.
  • The price is now trading above $74 and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $70.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair is up nearly 8% and might rally further above the $80 resistance zone.

Solana Price Resumes Increase

In the past few days, Solana saw a downside correction from the $80.00 zone, like Bitcoin and Ethereum. SOL declined below the $77.50 and $75.00 support levels.

However, the bulls were active above the $67.50 support. A low was formed near $67.25, and the price is now attempting a fresh increase. There was a move above the $70 and $72 resistance levels. The price is up nearly 8% and there was a move above the 50% Fib retracement level of the downward move from the $79.45 swing high to the $67.25 low.

SOL is now trading above $74 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $70.00 on the 4-hour chart of the SOL/USD pair.

On the upside, immediate resistance is near the $76.50 level. It is near the 76.4% key bullish trend line forming with support near $70.00 on the 4-hour chart of the SOL/USD pair. The first major resistance is near the $80.00 level.

SOL Price Solana

Source: SOLUSD on TradingView.com

The main resistance is now near $82.0. A successful close above the $82.0 resistance could set the pace for another major rally. The next key resistance is near $88.00. Any more gains might send the price toward the $92.00 level.

Another Decline in SOL?

If SOL fails to rally above the $80.00 resistance, it could start a fresh decline. Initial support on the downside is near the $72.00 level.

The first major support is near the $70.00 level or the trend line, below which the price could test $67.50. If there is a close below the $67.50 support, the price could decline toward the $65.00 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 – $72.00, and $70.00.

Major Resistance Levels – $76.50, $80.00, and $88.00.

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SOL Price Resumes Rally, Here’s Why Solana Could Pump 20%

Solana stayed above the $65 support and started a fresh increase. SOL price is likely setting up for more gains above the $75 and $80 resistance levels.

  • SOL price started a fresh rally above the $68 resistance before the bears appeared against the US Dollar.
  • The price is now trading above $68 and the 100 simple moving average (4 hours).
  • There is a major bullish trend line forming with support near $65.50 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair is up nearly 10% and might rally further above the $75 resistance zone.

Solana Price Signals Rally

In the past few days, Solana saw a downside correction from the $77.75 zone, like Bitcoin and Ethereum. SOL declined below the $75 and $70 support levels.

However, the bulls were active above the $65 support. A low was formed near $63.78 and the price is now attempting a fresh increase. There was a move above the $68 and $70 resistance levels. The price is up nearly 10% and there was a move above the 50% Fib retracement level of the downward move from the $77.72 swing high to the $63.78 low.

SOL is now trading above $68 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $65.50 on the 4-hour chart of the SOL/USD pair.

On the upside, immediate resistance is near the $72.40 level. It is near the 61.8% Fib retracement level of the downward move from the $77.72 swing high to the $63.78 low. The first major resistance is near the $75.00 level.

SOL Price

Source: SOLUSD on TradingView.com

The main resistance is now near $77.75. A successful close above the $77.75 resistance could set the pace for another major rally. The next key resistance is near $80.00. Any more gains might send the price toward the $85.00 level.

Another Decline in SOL?

If SOL fails to rally above the $75.00 resistance, it could start a fresh decline. Initial support on the downside is near the $68.50 level.

The first major support is near the $65.50 level or the trend line, below which the price could test $63.50. If there is a close below the $63.50 support, the price could decline toward the $56.00 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 – $68.50, and $65.50.

Major Resistance Levels – $72.40, $75.00, and $77.75.

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SOL Price (Solana) Signals Short-Term Top, Here Are Key Supports To Watch

Solana surged toward $80 before the bears appeared. SOL price is now correcting gains but the bulls might remain active near the $65 support.

  • SOL price started a major rally above the $65 resistance before the bears appeared against the US Dollar.
  • The price is now trading above $65 and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could accelerate lower if there is a clear move below the $55.00 support.

Solana Price Starts Downside Correction

In the past few days, Solana saw a major rally above the $60 level. SOL gained bullish momentum after it settled above $65, like Bitcoin and Ethereum.

The bulls even pumped the price above the $72 level. A high was formed near $77.72 and the price recently saw a downside correction. It traded below $72 and tested $70. The bears were able to push the price below the 23.6% Fib retracement level of the upward move from the $53.50 swing low to the $77.72 high.

SOL is still trading above $66 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL/USD pair.

The trend line is near the 50% Fib retracement level of the upward move from the $53.50 swing low to the $77.72 high. On the upside, immediate resistance is near the $72.00 level. The first major resistance is near the $75.00 level.

SOL Price (Solana)

Source: SOLUSD on TradingView.com

The main resistance is now near $78. A successful close above the $78 resistance could set the pace for a larger increase. The next key resistance is near $82.50. Any more gains might send the price toward the $86.52 level.

More Losses in SOL?

If SOL fails to recover above the $72.00 resistance, it could continue to move down. Initial support on the downside is near the $68.00 level.

The first major support is near the $65.00 level or the trend line, below which the price could test $62. If there is a close below the $62 support, the price could decline toward the $55 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 – $65.00, and $62.00.

Major Resistance Levels – $72.00, $75.00, and $78.00.

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SOL Price (Solana) Close Below $50 Could Spark Larger Degree Correction

Solana rallied above the $65 resistance against the US Dollar. SOL price is now correcting gains and might even slide below the $50 support.

  • SOL price started a major rally above the $60 resistance before the bears appeared against the US Dollar.
  • The price is now trading below $60 and the 100 simple moving average (4 hours).
  • There was a break below a short-term rising channel with support near $58.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could accelerate lower below the $55.00 support zone in the coming sessions.

Solana Price Starts Downside Correction

In the past few days, Solana saw a major rally above the $60 level. SOL gained bullish momentum after it settled above $60, outperforming Bitcoin and Ethereum.

The bulls even pumped the price above the $65 level. A high was formed near $68.16 and the price recently saw a downside correction. It traded below $60 and tested $52. A low was formed near $51.23 and the price is now consolidating in a range.

There was a break below a short-term rising channel with support near $58.00 on the 4-hour chart of the SOL/USD pair. SOL is now trading below $60 and the 100 simple moving average (4 hours).

On the upside, immediate resistance is near the $59.50 level. It is close to the 50% Fib retracement level of the downward move from the $68.16 swing high to the $51.23 low. The first major resistance is near the $60.00 level.

SOL Price (Solana)

Source: SOLUSD on TradingView.com

The main resistance is now near $62 or the 61.8% Fib retracement level of the downward move from the $68.16 swing high to the $51.23 low. A successful close above the $62.00 resistance could set the pace for a larger increase. The next key resistance is near $68.50. Any more gains might send the price toward the $72.00 level.

More Losses in SOL?

If SOL fails to recover above the $60.00 resistance, it could continue to move down. Initial support on the downside is near the $55.00 level.

The first major support is near the $51.20 level, below which the price could test $50. If there is a close below the $50 support, the price could decline toward the $45 support in the near term.

Technical Indicators

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

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

Major Support Levels – $55.00, and $51.20.

Major Resistance Levels – $60.00, $62.00, and $68.50.

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SOL Price Rallies Over 50% In Few Days But Uptrend Is Far From Over

Solana rallied above the $60 resistance against the US Dollar. SOL price is up over 50% in a few days and might continue to rise toward the $75 level.

  • SOL price started a major rally above the $55 resistance against the US Dollar.
  • The price is now trading above $60 and the 100 simple moving average (4 hours).
  • There is a major bullish trend line forming with support near $55.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could continue to move up if it clears the $68.00 resistance zone.

Solana Price Regains Strength

In the past few days, Solana saw a major rally above the $50 level. SOL gained bullish momentum after it settled above $50, outperforming Bitcoin and Ethereum.

The price is up over 50% in a few days and the bulls are not done yet. The recent move took the price above the $65 level. A high is formed near $67.21 and the price is now consolidating gains. It is showing positive signs above the 23.6% Fib retracement level of the upward move from the $51.23 swing low to the $67.21 high.

SOL is now trading above $60 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $55.00 on the 4-hour chart of the SOL/USD pair.

Solana Price

Source: SOLUSD on TradingView.com

On the upside, immediate resistance is near the $67.20 level. The first major resistance is near the $68.00 level. A successful close above the $65.00 resistance could set the pace for a larger increase. The next key resistance is near $70.00. Any more gains might send the price toward the $75.00 level.

Are Dips Supported in SOL?

If SOL fails to recover above the $68.00 resistance, it could start a downside correction. Initial support on the downside is near the $62.50 level.

The first major support is near the $57.75 level or the 61.8% Fib retracement level of the upward move from the $51.23 swing low to the $67.21 high, below which the price could test the trend line. If there is a close below the $55.00 support, the price could decline toward the $50.00 support in the near term.

Technical Indicators

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

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

Major Support Levels – $62.50, and $57.75.

Major Resistance Levels – $68.00, $70.00, and $75.00.

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SOL Price Uptrend To Continue? Can Bulls Send Solana To $75?

Solana rallied above the $50 resistance against the US Dollar. SOL price is consolidating gains above $55 and might extend its rally above $65.

  • SOL price started a major rally above the $50 resistance against the US Dollar.
  • The price is now trading above $55 and the 100 simple moving average (4 hours).
  • There is a key contracting triangle forming with support near $51.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could restart its rally if it clears the $60.00 resistance zone.

Solana Price Sets Up For $75

In the past few days, Solana saw a major rally above the $40 level. SOL gained bullish momentum and cleared many hurdles near the $50, outperforming Bitcoin and Ethereum.

It even surged above the $55 and $60 levels. A new multi-week high was formed near $63.99 before the price started a minor downside correction. There was a move below the $60 level. The price declined below the 23.6% Fib retracement level of the upward move from the $38.05 swing low to the $63.99 high.

SOL is now trading above $55 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with support near $51.00 on the 4-hour chart of the SOL/USD pair.

SOL Price

Source: SOLUSD on TradingView.com

On the upside, immediate resistance is near the $60.00 level. The first major resistance is near the $65.00 level. A successful close above the $65.00 resistance could set the pace for a larger increase. The next key resistance is near $70.00. Any more gains might send the price toward the $75.00 level.

Are Dips Limited in SOL?

If SOL fails to recover above the $60.00 resistance, it could start a downside correction. Initial support on the downside is near the $55.00 level.

The first major support is near the $51.00 level, the trend line zone, and the 50% Fib retracement level of the upward move from the $38.05 swing low to the $63.99 high. If there is a close below the $51.00 support, the price could decline toward the $45.00 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 – $55.00, and $51.00.

Major Resistance Levels – $60.00, $65.00, and $75.00.

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SOL Price (Solana) Momentum Reignites: Indicators Signal Surge To $38

Solana is gaining pace above the $35 resistance against the US Dollar. SOL price remains supported and might aim for a fresh rally toward $38.

  • SOL price started a major rally above the $32 resistance against the US Dollar.
  • The price is now trading above $35 and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $33.30 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair is up nearly 10% and might surge further toward the $38 resistance.

Solana Price Rallies 10%

After a decent upward move, Solana settled above the $30 pivot level. SOL gained bullish momentum after it formed a base above the $30 and $32 levels.

It is now outperforming Bitcoin and Ethereum. There was a clear move above the $35 resistance zone. A new multi-week high is formed near $36.48 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $32.34 swing low to the $36.48 high.

SOL is now trading above $35 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $33.30 on the 4-hour chart of the SOL/USD pair.

SOL Price (Solana)

Source: SOLUSD on TradingView.com

On the upside, immediate resistance is near the $36.50 level. The first major resistance is near the $36.80 level. A successful close above the $36.80 resistance could set the pace for a larger increase. The next key resistance is near $38.00. Any more gains might send the price toward the $40.00 level.

Are Dips Limited in SOL?

If SOL fails to recover above the $36.50 resistance, it could start a downside correction. Initial support on the downside is near the $34.40 level.

The first major support is near the $33.30 level, the trend line zone, and the 76.4% Fib retracement level of the upward move from the $32.34 swing low to the $36.48 high. If there is a close below the $33.30 support, the price could decline toward the $32.00 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 – $34.40, and $33.30.

Major Resistance Levels – $36.50, $36.80, and $38.00.

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SOL Price Prediction: Solana Bulls Seem Unstoppable As They Aim For $35

Solana is gaining pace above the $30 resistance against the US Dollar. SOL price remains supported and might aim for a fresh rally toward $35.

  • SOL price started a major rally above the $28 resistance against the US Dollar.
  • The price is now trading above $29.20 and the 100 simple moving average (4 hours).
  • There is a key contracting triangle forming with resistance near $32.10 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could start a strong rally if it clears the $32.10 and $32.75 resistance levels.

Solana Price Eyes More Upsides

After forming a base above $22.50, Solana started a fresh increase. SOL gained bullish momentum after Bitcoin rallied above the $30,000 resistance.

There was a strong move above the $28.80 and $30.00 resistance levels. It even spiked above the $32.50 level. A high is formed near $32.79 and the price is now consolidating gains. There is also a key contracting triangle forming with resistance near $32.10 on the 4-hour chart of the SOL/USD pair.

Solana is now trading above $29.20 and the 100 simple moving average (4 hours). It is now showing positive signs above the 23.6% Fib retracement level of the upward move from the $23.13 swing low to the $32.79 high.

SOL Price Prediction

Source: SOLUSD on TradingView.com

On the upside, immediate resistance is near the $32.00 level and the triangle region. The first major resistance is near the $32.75 level. A successful close above the $32.75 resistance could set the pace for a larger increase. The next key resistance is near $35.00. Any more gains might send the price toward the $36.50 level.

Are Dips Limited in SOL?

If SOL fails to recover above the $32.00 resistance, it could continue to move down. Initial support on the downside is near the $30.50 level.

The first major support is near the $28.00 level or the 50% Fib retracement level of the upward move from the $23.13 swing low to the $32.79 high. If there is a close below the $28.00 support, the price could decline toward the $26.80 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 – $30.50, and $28.00.

Major Resistance Levels – $32.00, $32.75, and $35.00.