{"id":16903,"date":"2023-01-26T05:52:44","date_gmt":"2023-01-26T09:52:44","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=16903"},"modified":"2023-01-26T05:52:44","modified_gmt":"2023-01-26T09:52:44","slug":"sol-price-prediction-solana-rally-could-gather-pace-above-30","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/26\/sol-price-prediction-solana-rally-could-gather-pace-above-30\/","title":{"rendered":"SOL Price Prediction: Solana Rally Could Gather Pace above $30"},"content":{"rendered":"

Solana is surging above $20 against the US Dollar. SOL price could extend its rally above the $26 and $30 resistance levels in the near term.<\/em><\/p>\n

Sol price started a fresh increase above the $20 and $22 levels against the US Dollar.
\nThe price is now trading above $22 and the 100 simple moving average (4-hours).
\nThere is a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could rise further if it stays above the $22.00 and $20.00 support levels.<\/p>\n

Solana Price Rallies Over 10%<\/h2>\n

This week, solana price formed a base and started a steady increase above the $20 level. There was a strong increase above the $22 resistance zone, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The bulls even managed to pump the price above the $25 resistance. It traded to a new yearly high at $26.54 before there was a minor downside correction. There was a decline below the $24 level. The price declined below the 50% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high.<\/p>\n

Sol price is now trading above $22 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL\/USD pair.<\/p>\n

The pair is now trading comfortably above the 61.8% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high. The price is now rising and up over 8%. On the upside, an immediate resistance is near the $25 level.<\/p>\n

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

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

The first major resistance is near the $26.50 level. The next major resistance is near the $28 zone, above which the price might rise towards the $30 barrier. Any more gains might send the price towards the $35 level.<\/p>\n

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

If SOL fails to clear the $26.50 resistance, it could start a downside correction. An initial support on the downside is near the $24 level.<\/p>\n

The first major support is near the $23.00 level and the trend line. The next major support is near the $21.70 level. If there is a downside break below the $21.70 support, the price might test the next key support at $20.<\/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 $24, $23 and $20.<\/p>\n

Major Resistance Levels \u2013 $25, $26.50 and $30.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Solana is surging above $20 against the US Dollar. SOL price could extend its rally above the $26 and $30 resistance levels in the near term.<\/em><\/p>\n

Sol price started a fresh increase above the $20 and $22 levels against the US Dollar.
\nThe price is now trading above $22 and the 100 simple moving average (4-hours).
\nThere is a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could rise further if it stays above the $22.00 and $20.00 support levels.<\/p>\n

Solana Price Rallies Over 10%<\/h2>\n

This week, solana price formed a base and started a steady increase above the $20 level. There was a strong increase above the $22 resistance zone, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The bulls even managed to pump the price above the $25 resistance. It traded to a new yearly high at $26.54 before there was a minor downside correction. There was a decline below the $24 level. The price declined below the 50% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high.<\/p>\n

Sol price is now trading above $22 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL\/USD pair.<\/p>\n

The pair is now trading comfortably above the 61.8% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high. The price is now rising and up over 8%. On the upside, an immediate resistance is near the $25 level.<\/p>\n

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

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

The first major resistance is near the $26.50 level. The next major resistance is near the $28 zone, above which the price might rise towards the $30 barrier. Any more gains might send the price towards the $35 level.<\/p>\n

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

If SOL fails to clear the $26.50 resistance, it could start a downside correction. An initial support on the downside is near the $24 level.<\/p>\n

The first major support is near the $23.00 level and the trend line. The next major support is near the $21.70 level. If there is a downside break below the $21.70 support, the price might test the next key support at $20.<\/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 $24, $23 and $20.<\/p>\n

Major Resistance Levels \u2013 $25, $26.50 and $30.<\/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-16903","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\/16903","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=16903"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/16903\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=16903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=16903"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=16903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}