Solana Price (SOL) Could Spark Another Rally by Clearing $162

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,338,066,176,764	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,338,066,176,764

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,248.36	-1.82%	67,493.23	67,488.04	67,488.05

Price Change

Price Change %

Current Price

Bid Price

Offer

-1,248.36

-1.82%

67,493.23

67,488.04

67,488.05

High Price	Low Price	Open Price	Prev. Close	52 Week Range
69,466.20	67,460.00	68,688.67	68,741.59	34,500.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

69,466.20

67,460.00

68,688.67

68,741.59

34,500.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:06:41	0.005239	67,488.04	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

17:06:41

0.005239

67,488.04

USD

Price x Volume	Volume	Base Symbol	Related Pairs
849,098,378.65	12,387.53	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

849,098,378.65

12,387.53

Solana Price (SOL) Could Spark Another Rally by Clearing $162

26/08/2024 6:58am

NEWSBTC

Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance. SOL price started a fresh upward move above the $150 and $155 levels the US Dollar. The price is now trading above $155 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start another increase if it clears the $162 resistance zone. Solana Price Regains Strength Above $155 Solana price started a fresh increase above the $150 resistance level. SOL remained stable and gained pace for a move above the $155 resistance level. It even cleared the $160 resistance level, beating Ethereum and Bitcoin. The price traded as high as $162 and is currently consolidating gains. There was a minor correction below the $160 level. The price tested the 23.6% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. Solana is now trading well above $150 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $158 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $162 level. The next major resistance is near the $165 level. A successful close above the $162 and $165 resistance levels could set the pace for another steady increase. The next key resistance is near $178. Any more gains might send the price toward the $184 level. Are Dips Limited in SOL? If SOL fails to rise above the $162 resistance, it could start a downside correction. Initial support on the downside is near the $158 level and the trend line. The first major support is near the $155 level. A break below the $155 level might send the price toward $148 or the 61.8% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. If there is a close below the $148 support, the price could decline toward the $135 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $158 and $155. Major Resistance Levels – $162 and $165.

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