Solana (SOL) Reclaims $150: Is The Rally Back On? - ADVFN

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Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	86,109,793,346	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-10.18	-5.24%	184.17	184.18	184.19

High Price	Low Price	Open Price	Prev. Close	52 Week Range
202.14	181.60	194.61	194.35	78.14 - 264.63

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:08:30	0.654159	184.42	USD

Price x Volume	Volume	Base Symbol	Related Pairs
153,646,575.02	802,598.85	SOL	SOLEUR	SOLGBP	SOLBTC

Solana (SOL) Reclaims $150: Is The Rally Back On?

14/10/2024 7:48am

NEWSBTC

Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance. SOL price is attempting a fresh increase above the $142 pivot level against the US Dollar. The price is now trading above $148 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it breaks the $155 resistance zone. Solana Price Regains Traction Solana price climbed above the $138 and $140 levels. SOL gained pace after there was a close above the $145 resistance level, like Bitcoin and Ethereum. Finally, the bulls pushed the price above the $150 level. A high was formed at $153.22 and the price is now consolidating gains. There was a minor pullback below the $152 level. The price tested the 23.6% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high. Solana is now trading above $145 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $153.50 level. The next major resistance is near the $155 level. The main resistance could be $158. A successful close above the $155 and $158 resistance levels could set the pace for another steady increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level. Another Decline in SOL? If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 level. The first major support is near the $147.50 level or the trend line. It is close to the 61.8% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high. A break below the $147.50 level might send the price toward the $144.50 zone. If there is a close below the $144.50 support, the price could decline toward the $138 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 – $147.50 and $144.40. Major Resistance Levels – $155 and $162.

1 Year Solana Chart

1 Year Solana Chart

1 Month Solana Chart

1 Month Solana Chart

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