Solana Price (SOL) Targets Upside Breakout: Will It Reach New Monthly Highs? - ADVFN

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Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	71,270,575,191	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	3.22	2.02%	162.36	162.33	162.35

High Price	Low Price	Open Price	Prev. Close	52 Week Range
165.57	156.16	158.97	159.14	17.34 - 210.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:24:06	0.001417	162.36	USD

Price x Volume	Volume	Base Symbol	Related Pairs
84,033,457.11	522,203.21	SOL	SOLEUR	SOLGBP	SOLBTC

Solana Price (SOL) Targets Upside Breakout: Will It Reach New Monthly Highs?

19/07/2024 6:18am

NEWSBTC

Solana started a steady increase above the $155 zone. SOL price is signaling a decent increase above the $162 and $165 resistance levels. SOL price started a decent upward move above the $155 resistance against the US Dollar. The price is now trading above $158 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $159 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could aim for more upsides if it clears the $162.50 resistance level. Solana Price Remains In Uptrend Solana price remained in a positive zone above $145 and extended its increase above $150. SOL is forming a base and eyeing more upsides, whereas Bitcoin and Ethereum are correcting gains. There was a move above the $158 level. The price surpassed the 50% Fib retracement level of the recent decline from the $164.90 swing high to the $154.85 low. There is also a key bullish trend line forming with support at $159 on the hourly chart of the SOL/USD pair. Solana is now trading above the $158 level and the 100-hourly simple moving average. On the upside, the price might face resistance near the $162.50 level. It is close to the 76.4% Fib retracement level of the recent decline from the $164.90 swing high to the $154.85 low. The next major resistance is near the $165 level. A successful close above the $165 resistance could set the pace for another steady increase. The next key resistance is near $172. Any more gains might send the price toward the $180 level. Are Dips Supported in SOL? If SOL fails to rise above the $162.50 resistance, it could start a downside correction. Initial support on the downside is near the $160 level. The first major support is near the $158 level and the trend line. A break below the $158 level might send the price toward $155. If there is a close below the $155 support, the price could decline toward the $150 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 $155. Major Resistance Levels – $162.50 and $165.

1 Year Solana Chart

1 Year Solana Chart

1 Month Solana Chart

1 Month Solana Chart

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