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BTCUSD Bitcoin

99,109.49

-1,409.39 (-1.40%)

11:05:33 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,960,313,736,562	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,409.39	-1.40%	99,109.49	99,109.49	99,109.50

High Price	Low Price	Open Price	Prev. Close	52 Week Range
100,828.44	98,598.00	100,513.67	100,518.88	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:05:33	0.000172	99,109.50	USD

Price x Volume	Volume	Base Symbol	Related Pairs
314,307,657.22	3,153.65	BTC	BTCEUR	BTCGBP	ETHBTC

Solana (SOL) Back Above $200: Will It Hold or Fade?

16/01/2025 5:08am

NEWSBTC

Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Reclaims $200 Solana price formed a base above $175 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $180 and $185 resistance levels. The bulls pushed it above the $188 resistance and then $200. A high was formed at $206 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $186 swing high to the $206 low. Solana is now trading above $195 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $205 level. The next major resistance is near the $212 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Another Decline in SOL? If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 zone and the trend line. The first major support is near the $190 level or the 76.4% Fib retracement level of the upward move from the $186 swing high to the $206 low. A break below the $190 level might send the price toward the $185 zone. If there is a close below the $185 support, the price could decline toward the $172 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $196 and $190. Major Resistance Levels – $205 and $212.

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