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BTCUSD Bitcoin

98,573.05

-185.12 (-0.19%)

01:19:20 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,938,325,707,053	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-185.12	-0.19%	98,573.05	98,573.04	98,573.05

High Price	Low Price	Open Price	Prev. Close	52 Week Range
98,987.72	98,057.88	98,731.99	98,758.17	38,501.00 - 99,860.00

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	01:19:15	0.001138	98,441.00	USD

Price x Volume	Volume	Base Symbol	Related Pairs
118,213,470.32	1,198.73	BTC	BTCEUR	BTCGBP	ETHBTC

Solana (SOL) Back on Track: Is The Uptrend Here to Stay?

04/12/2024 5:08am

NEWSBTC

Solana started a fresh increase from the $215 zone. SOL price is rising and might aim for a move above the $240 and $250 resistance levels. SOL price started a fresh increase after it settled above the $222 level against the US Dollar. The price is now trading above $230 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $232 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 $240 zone. Solana Price Eyes Fresh Surge Solana price formed a support base and started a fresh increase above the $220 level like Bitcoin and Ethereum. There was a decent increase above the $225 and $230 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $246 swing high to the $215 low. Besides, there was a break above a key bearish trend line with resistance at $232 on the hourly chart of the SOL/USD pair. Solana is now trading above $235 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $240 level or the 76.4% Fib retracement level of the downward move from the $246 swing high to the $215 low. The next major resistance is near the $246 level. The main resistance could be $250. A successful close above the $250 resistance level could set the pace for another steady increase. The next key resistance is $265. Any more gains might send the price toward the $280 level. Another Decline in SOL? If SOL fails to rise above the $240 resistance, it could start another decline. Initial support on the downside is near the $230 level or the 100-hourly simple moving average. The first major support is near the $220 level. A break below the $220 level might send the price toward the $215 zone. If there is a close below the $215 support, the price could decline toward the $200 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 – $230 and $220. Major Resistance Levels – $240 and $250.

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