Solana Eyes $150 Rebound: SOL Bulls Optimistic With Positive Indicators

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	415,754,898,745	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

415,754,898,745

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-76.83	-2.17%	3,458.84	3,458.83	3,458.84

Price Change

Price Change %

Current Price

Bid Price

Offer

-76.83

-2.17%

3,458.84

3,458.83

3,458.84

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,563.02	3,435.68	3,542.61	3,535.67	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,563.02

3,435.68

3,542.61

3,535.67

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:35:50	0.040531	3,458.94	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:35:50

0.040531

3,458.94

USD

Price x Volume	Volume	Base Symbol	Related Pairs
363,252,090.89	104,071.54	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

363,252,090.89

104,071.54

Solana Eyes $150 Rebound: SOL Bulls Optimistic With Positive Indicators

09/07/2024 6:28am

NEWSBTC

Solana started a recovery wave from the $128 zone. SOL price is up over 6% and the bulls seem to be aiming to reclaim the $150 level. SOL price started a decent upward move above the $132 resistance against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could continue to rise toward $150 or even $155 in the near term. Solana Price Trims Some Losses Solana price managed to stay above the $120 pivot level. SOL formed a base above the $128 level and recently started a decent recovery wave, outperforming Bitcoin and Ethereum in the past two sessions. There was a move above the $132 and $135 resistance levels. The price cleared the 61.8% Fib retracement level of the downward move from the $144.15 swing high to the $127.88 low. There was also a break above a key bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair. Solana is now trading above the $135 level and the 100-hourly simple moving average. It is now attempting a close above the 76.4% Fib retracement level of the downward move from the $144.15 swing high to the $127.88 low. On the upside, the price might face resistance near the $144 level. The next major resistance is near the $150 level. A successful close above the $150 resistance could set the pace for another steady increase. The next key resistance is near $155. Any more gains might send the price toward the $162 level. Another Decline in SOL? If SOL fails to rise above the $144 resistance, it could start another decline. Initial support on the downside is near the $136 level and the 100-hourly simple moving average. The first major support is near the $128 level, below which the price could test $120. If there is a close below the $120 support, the price could decline toward the $112 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 – $136 and $128. Major Resistance Levels – $144 and $150.

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