SOL Price Prediction: Solana Jumps 12% As The Bulls Aim $30

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	8,037,693,221	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

8,037,693,221

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	19.48	23.25	23.27

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

19.48

23.25

23.27

High Price	Low Price	Open Price	Prev. Close	52 Week Range
			19.48	8.00 - 38.79

High Price

Low Price

Open Price

Prev. Close

52 Week Range

19.48

8.00 - 38.79

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:58:40	5.13	19.48	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:58:40

5.13

19.48

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

SOL Price Prediction: Solana Jumps 12% As The Bulls Aim $30

20/02/2023 5:51am

NEWSBTC

Solana is surging above $25 against the US Dollar. SOL price could extend its rally above the $27 and $28 resistance levels in the near term. Sol price started a fresh increase above the $22 and $25 levels against the US Dollar. The price is now trading above $25 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $23.80 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could rise further if it clears the $26.80 and $28.00 resistance levels. Solana Price Rallies Over 12% This past week, solana price formed a base and started a steady increase above the $22 level. There was a strong increase above the $25 resistance zone, similar to bitcoin and ethereum. The bulls even managed to pump the price above the $25.50 resistance. Today, the price is up over 12% and trading nicely above the $26 level. During the recent increase, there was a break above a major bearish trend line with resistance near $23.80 on the 4-hours chart of the SOL/USD pair. SOL price is now showing positive signs above $25 and the 100 simple moving average (4-hours). It is also trading above the 23.6% Fib retracement level of the upward wave from the $22.03 swing low to $26.78 high. Source: SOLUSD on TradingView.com On the upside, an immediate resistance is near the $26.80 level. The next major resistance is near the $28.00 level, above which the price could aim a move towards the $30 level. The next major resistance is near the $32 zone, above which the price might rise towards the $35 barrier. Any more gains might send the price towards the $40 level. Dips Attractive in SOL? If SOL fails to clear the $28 resistance, it could start a downside correction. An initial support on the downside is near the $25.50 level. The first major support is near the $24.40 level and the 50% Fib retracement level of the upward wave from the $22.03 swing low to $26.78 high. The next major support is near the $24.00 level. If there is a downside break below the $24.00 support, the price might test the next key support at $22.00. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 60 level. Major Support Levels – $25.50, $24.40 and $22.00. Major Resistance Levels – $26.80, $28.00 and $30.

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