{"id":15977,"date":"2023-01-13T04:53:54","date_gmt":"2023-01-13T08:53:54","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=15977"},"modified":"2023-01-13T04:53:54","modified_gmt":"2023-01-13T08:53:54","slug":"solana-price-prediction-sol-could-extend-rally-above-18","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/13\/solana-price-prediction-sol-could-extend-rally-above-18\/","title":{"rendered":"Solana Price Prediction: SOL Could Extend Rally Above $18"},"content":{"rendered":"

Solana is showing bullish signs above $15 against the US Dollar. SOL price could extend its rally above the $18 and $20 resistance levels.<\/em><\/p>\n

Sol price started a fresh increase above the $15 and $16 levels against the US Dollar.
\nThe price is now trading above $16 and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $15.90 on the 4-hours chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could rise further if it stays above the $15.00 and $12.80 support levels.<\/p>\n

Solana Price Eyes More Gains<\/h2>\n

This week, solana price formed a base and started a steady increase above the $14 level. There was a strong increase above the $15 resistance zone, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The bulls even managed to pump the price above the $16.50 resistance. It traded to a new yearly high at $17.47 and is currently consolidating gains. There was a minor correction below the 23.6% Fib retracement level of the upward wave from the $12.70 swing low to $17.47 high.<\/p>\n

Sol price is now trading above $16 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $15.90 on the 4-hours chart of the SOL\/USD pair.<\/p>\n

<\/a><\/p>\n

Source: SOLUSD on TradingView.com<\/a><\/p>\n

On the upside, an immediate resistance is near the $17.50 level. The first major resistance is near the $18 level. The next major resistance is near the $18.80 zone, above which the price might rise towards the $20 barrier. Any more gains might send the price towards the $25 level.<\/p>\n

Dips Attractive in SOL?<\/h2>\n

If SOL fails to clear the $18 resistance, it could start a downside correction. An initial support on the downside is near the $16.35 level.<\/p>\n

The first major support is near the $15.00 level and the trend line. It is near the 50% Fib retracement level of the upward wave from the $12.70 swing low to $17.47 high. The next major support is near the $14.10 level. If there is a downside break below the $14.10 support, the price might test the next key support at $12.80.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n

Major Support Levels \u2013 $16.30, $15.00 and $14.10.<\/p>\n

Major Resistance Levels \u2013 $17.40, $18 and $20.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Solana is showing bullish signs above $15 against the US Dollar. SOL price could extend its rally above the $18 and $20 resistance levels.<\/em><\/p>\n

Sol price started a fresh increase above the $15 and $16 levels against the US Dollar.
\nThe price is now trading above $16 and the 100 simple moving average (4-hours).
\nThere is a key bullish trend line forming with support near $15.90 on the 4-hours chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could rise further if it stays above the $15.00 and $12.80 support levels.<\/p>\n

Solana Price Eyes More Gains<\/h2>\n

This week, solana price formed a base and started a steady increase above the $14 level. There was a strong increase above the $15 resistance zone, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The bulls even managed to pump the price above the $16.50 resistance. It traded to a new yearly high at $17.47 and is currently consolidating gains. There was a minor correction below the 23.6% Fib retracement level of the upward wave from the $12.70 swing low to $17.47 high.<\/p>\n

Sol price is now trading above $16 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $15.90 on the 4-hours chart of the SOL\/USD pair.<\/p>\n

<\/a><\/p>\n

Source: SOLUSD on TradingView.com<\/a><\/p>\n

On the upside, an immediate resistance is near the $17.50 level. The first major resistance is near the $18 level. The next major resistance is near the $18.80 zone, above which the price might rise towards the $20 barrier. Any more gains might send the price towards the $25 level.<\/p>\n

Dips Attractive in SOL?<\/h2>\n

If SOL fails to clear the $18 resistance, it could start a downside correction. An initial support on the downside is near the $16.35 level.<\/p>\n

The first major support is near the $15.00 level and the trend line. It is near the 50% Fib retracement level of the upward wave from the $12.70 swing low to $17.47 high. The next major support is near the $14.10 level. If there is a downside break below the $14.10 support, the price might test the next key support at $12.80.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n

Major Support Levels \u2013 $16.30, $15.00 and $14.10.<\/p>\n

Major Resistance Levels \u2013 $17.40, $18 and $20.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-15977","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=15977"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15977\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=15977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=15977"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=15977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}