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BTCUSD Bitcoin

104,825.17

485.11 (0.46%)

09:47:50 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,072,046,893,456	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	485.11	0.46%	104,825.17	104,825.16	104,825.17

High Price	Low Price	Open Price	Prev. Close	52 Week Range
106,554.39	104,227.01	104,335.55	104,340.06	38,501.00 - 105,100.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:47:52	0.002488	104,825.17	USD

Price x Volume	Volume	Base Symbol	Related Pairs
783,332,486.20	7,446.42	BTC	BTCEUR	BTCGBP	ETHBTC

Solana (SOL) Faces Headwinds: Can Bulls Revive Momentum?

16/12/2024 5:08am

NEWSBTC

Solana remained stable above the $215 level. SOL price is now recovering losses and facing hurdles near the $228 and $332 levels. SOL price started a fresh increase after it tested the $215 zone against the US Dollar. The price is now trading below $225 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $222 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 $228 zone. Solana Price Eyes Upside Break Solana price formed a support base and started a fresh increase from the $215 level but lagged momentum like Bitcoin and Ethereum. There was a decent increase above the $218 and $220 resistance levels. There was a break above a connecting bearish trend line with resistance at $222 on the hourly chart of the SOL/USD pair. The pair climbed above $225 and tested the 50% Fib retracement level of the downward move from the $234 swing high to the $215 low. However, the price is now facing many hurdles near $225. Solana is now trading below $225 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $225 level. The next major resistance is near the $228 level or the 61.8% Fib retracement level of the downward move from the $234 swing high to the $215 low. The main resistance could be $230. A successful close above the $230 resistance level could set the pace for another steady increase. The next key resistance is $235. Any more gains might send the price toward the $250 level. Another Decline in SOL? If SOL fails to rise above the $228 resistance, it could start another decline. Initial support on the downside is near the $220 level. The first major support is near the $215 level. A break below the $215 level might send the price toward the $205 zone. If there is a close below the $205 support, the price could decline toward the $200 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 below the 50 level. Major Support Levels – $220 and $215. Major Resistance Levels – $228 and $230.

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