Solana (SOL) Ignites New Momentum: Bulls Target Higher Ground

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,902,749,105,344	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,902,749,105,344

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-198.91	-0.21%	96,346.80	96,351.51	96,351.52

Price Change

Price Change %

Current Price

Bid Price

Offer

-198.91

-0.21%

96,346.80

96,351.51

96,351.52

High Price	Low Price	Open Price	Prev. Close	52 Week Range
96,919.05	95,682.33	96,442.50	96,545.71	44,335.00 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

96,919.05

95,682.33

96,442.50

96,545.71

44,335.00 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	18:25:26	0.000150	96,346.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

18:25:26

0.000150

96,346.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
208,437,273.79	2,165.16	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

208,437,273.79

2,165.16

Solana (SOL) Ignites New Momentum: Bulls Target Higher Ground

22/01/2025 5:08am

NEWSBTC

Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone. SOL price started a fresh increase above the $240 and $250 levels against the US Dollar. The price is now trading above $250 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $245 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 $262 zone. Solana Price Reclaims $250 Solana price formed a base above $225 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $235 and $240 resistance levels. There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $272 swing high to the $230 low. Solana is now trading above $250 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $262 level or the 76.4% Fib retracement level of the downward move from the $272 swing high to the $230 low. The next major resistance is near the $272 level. The main resistance could be $280. A successful close above the $280 resistance zone could set the pace for another steady increase. The next key resistance is $292. Any more gains might send the price toward the $300 level. Another Decline in SOL? If SOL fails to rise above the $262 resistance, it could start another decline. Initial support on the downside is near the $250 zone and the 100-hourly simple moving average. The first major support is near the $240 level. A break below the $240 level might send the price toward the $230 zone. If there is a close below the $230 support, the price could decline toward the $215 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 – $250 and $240. Major Resistance Levels – $262 and $272.

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