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ETHUSD Ethereum

3,291.08
15.39 (0.47%)
13:51:31 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 395,343,137,796 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  15.39 0.47% 3,291.08 3,291.07 3,291.20
High Price Low Price Open Price Prev. Close 52 Week Range
3,299.24 3,242.86 3,268.77 3,275.69 1,520.85 - 4,093.88
Exchange Last Trade Size Trade Price Currency
GDAX 13:51:31 0.000043 3,291.23 USD
Price x Volume Volume Base Symbol Related Pairs
56,691,066.64 17,355.86 ETH ETHEUR ETHGBP ETHBTC

Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?

28/05/2024 3:58am

NEWSBTC


Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $172 resistance unless it fails to stay above $165. Solana Price Could Gain Momentum Solana price formed a support base near the $160 level and started a recovery wave. SOL underperformed Bitcoin and Ethereum but managed to clear the $165 resistance. There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL/USD pair. There was even a spike above the $170 zone and the 50% Fib retracement level of the downward move from the $181 swing high to the $160 low. Solana price is now trading above $165 and the 100-hourly simple moving average. Immediate resistance is near the $170 level. The next major resistance is near the $171 level. A successful close above the $172 resistance could set the pace for another major increase. The next key resistance is near $176 or the 76.4% Fib retracement level of the downward move from the $181 swing high to the $160 low. Any more gains might send the price toward the $180 level. Are Dips Supported in SOL? If SOL fails to rally above the $172 resistance, it could start another decline. Initial support on the downside is near the $167 level. The first major support is near the $165 level, below which the price could test $160. If there is a close below the $160 support, the price could decline toward the $150 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 – $165, and $160. Major Resistance Levels – $170, $172, and $180.

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