Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the multisite-clone-duplicator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114
[www-stage.newsbtc.com/news/solana-price-prediction-sol-rallies-20-pc/amp/]
[wp-includes/functions.php:6114 trigger_error(), wp-includes/functions.php:6054 wp_trigger_error(), wp-includes/l10n.php:1370 _doing_it_wrong(), wp-includes/l10n.php:1408 _load_textdomain_just_in_time(), wp-includes/l10n.php:194 get_translations_for_domain(), wp-includes/l10n.php:306 translate(), wp-content/plugins/multisite-clone-duplicator/include/lang.php:6 __(), wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.php:32 require_once('wp-content/plugins/multisite-clone-duplicator/include/lang.php'), wp-settings.php:471 include_once('wp-content/plugins/multisite-clone-duplicator/multisite-clone-duplicator.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Solana Price Prediction: SOL Rallies 20% and Prints Bullish Breakout

Solana Price Prediction: SOL Rallies 20% and Prints Bullish Breakout

Solana Price Prediction

Solana rallied over 20% and surpassed $15 against the US Dollar. SOL price is showing positive signs and might rise further above the $16.80 resistance.

Solana Price Gains Bullish Momentum

This past month, solana price saw a strong decline from the $15 resistance zone. There was a drop below the $12.50 and $10 support levels to move into a bearish zone again.

The price traded as low as $7.96 and recently started a fresh increase. There was a strong move above the $10 and $12 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $10.20 on the 4-hours chart of the SOL/USD pair.

Sol price is now trading above $15 and the 100 simple moving average (4-hours). The price is up over 20% and is showing positive signs, similar to bitcoin and ethereum.

Source: SOLUSD on TradingView.com

It is trading above the 23.6% Fib retracement level of the upward move from the $12.87 swing low to $16.77 high. On the upside, an immediate resistance is near the $16.80 level. The first major resistance is near the $17 level. The next major resistance is near the $18 zone, above which the price might rise towards the $20 barrier. Any more gains might send the price towards the $25 level.

Downsides Supported in SOL?

If SOL fails to clear the $16.80 resistance, it could start a downside correction. An initial support on the downside is near the $15.80 level.

The first major support is near the $14.75 level. It is near the 50% Fib retracement level of the upward move from the $12.87 swing low to $16.77 high. The next major support is near the $14.10 level. If there is a downside break below the $14.10 support, the bears might even push the price below $13.50.

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 currently in the overbought zone.

Major Support Levels – $15.80, $14.75 and $14.10.

Major Resistance Levels – $16.80, $18 and $20.

Exit mobile version