Solana Price (SOL) Shows Strength: Is a Return to $150 Possible? - ADVFN

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Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	110,293,621,053	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	17.05	7.90%	232.79	232.84	232.85

High Price	Low Price	Open Price	Prev. Close	52 Week Range
241.99	212.21	216.02	215.74	51.28 - 225.37

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:14:07	0.088305	232.85	USD

Price x Volume	Volume	Base Symbol	Related Pairs
253,899,133.91	1,097,215.97	SOL	SOLEUR	SOLGBP	SOLBTC

Solana Price (SOL) Shows Strength: Is a Return to $150 Possible?

10/09/2024 6:08am

NEWSBTC

Solana started a recovery wave from the $120 zone. SOL price is rising and might aim for a move toward the $150 resistance level. SOL price started a recovery wave above the $125 level against the US Dollar. The price is now trading above $128 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $138 resistance zone. Solana Price Extends Losses Solana price formed a support base above the $120 level and started a recovery wave like Bitcoin and Ethereum. SOL traded above the $125 and $128 resistance levels. The price even climbed above $132 and tested the key barrier at $138. A high was formed at $137 and the price is now consolidating gains. There was a minor decline below $135 and the 23.6% Fib retracement level of the upward move from the $120 swing low to the $137 high. Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $135 level. The next major resistance is near the $138 level. A successful close above the $135 and $138 resistance levels could set the pace for another steady increase. The next key resistance is near $142. Any more gains might send the price toward the $150 level. Another Decline in SOL? If SOL fails to rise above the $138 resistance, it could start another decline. Initial support on the downside is near the $130 level and the trend line. The first major support is near the $126 level and the 61.8% Fib retracement level of the upward move from the $120 swing low to the $137 high. A break below the $126 level might send the price toward $120. If there is a close below the $120 support, the price could decline toward the $110 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 above the 50 level. Major Support Levels – $130 and $126. Major Resistance Levels – $135 and $138.

1 Year Solana Chart

1 Year Solana Chart

1 Month Solana Chart

1 Month Solana Chart

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