Solana Price Marches Toward $200, Why SOL Turned Attractive On Dips

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	65,451,489,445	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

65,451,489,445

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1.43	0.97%	148.80	148.79	148.80

Price Change

Price Change %

Current Price

Bid Price

Offer

1.43

0.97%

148.80

148.79

148.80

High Price	Low Price	Open Price	Prev. Close	52 Week Range
148.90	145.83	147.84	147.37	14.10 - 210.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

148.90

145.83

147.84

147.37

14.10 - 210.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:24:11	2.00	148.80	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:24:11

2.00

148.80

USD

Price x Volume	Volume	Base Symbol	Related Pairs
50,705,984.69	343,475.66	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

50,705,984.69

343,475.66

Solana Price Marches Toward $200, Why SOL Turned Attractive On Dips

21/05/2024 4:28am

NEWSBTC

Solana started a fresh increase above the $175 resistance. SOL price is up nearly 10% and might continue to rise if it clears the $188 resistance. SOL price jumped higher and tested the $188 resistance against the US Dollar. The price is now trading above $180 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $175 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $188 resistance unless it fails to stay above $175. Solana Price Starts Fresh Surge Solana price formed a support base near the $166 level and started a fresh increase. SOL followed recent Bitcoin and Ethereum surge to move into a positive zone. There was a move above the $175 and $180 resistance levels. The price even tested the $188 resistance. A high was formed at $188.00 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $166 swing low to the $188 high. Solana is now trading above $188 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $175 on the hourly chart of the SOL/USD pair. Immediate resistance is near the $185 level. The next major resistance is near the $188 level. A successful close above the $188 resistance could set the pace for another major increase. The next key resistance is near $195. Any more gains might send the price toward the $200 level. Are Dips Supported in SOL? If SOL fails to rally above the $188 resistance, it could start a downside correction. Initial support on the downside is near the $182 level. The first major support is near the $178 level and the trend line. The 50% Fib retracement level of the upward move from the $166 swing low to the $188 high is also at $178, below which the price could test $175. If there is a close below the $175 support, the price could decline toward the $166 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 – $158, and $152. Major Resistance Levels – $165, $172, and $180.

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SOLUSD Solana