{"id":25816,"date":"2023-06-23T05:00:28","date_gmt":"2023-06-23T09:00:28","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=25816"},"modified":"2023-06-23T05:00:28","modified_gmt":"2023-06-23T09:00:28","slug":"sol-price-prediction-solana-bulls-aim-20-or-higher","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/23\/sol-price-prediction-solana-bulls-aim-20-or-higher\/","title":{"rendered":"SOL Price Prediction: Solana Bulls Aim $20 or Higher"},"content":{"rendered":"

Solana is recovering above the $16 resistance against the US Dollar. SOL price might rise steadily toward the $20 resistance if Bitcoin climbs above $30,800.<\/em><\/p>\n

SOL price is showing positive signs above the $16 level against the US Dollar.
\nThe price is now trading above $15 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $16.05 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could continue to move up unless there is a close below $14.40.<\/p>\n

Solana Price Recovers 10%<\/h2>\n

In the past few days, Solana\u2019s price started a fresh increase from the $13.00 support zone. Recently, Bitcoin<\/a> and Ethereum<\/a> saw a steady increase, sparking positive moves in Solana and Cardano.<\/p>\n

The bulls were able to push SOL above the $14.40 resistance zone. There was a close above the $16.00 resistance. However, the price faced resistance near $17.75, and the 50% Fib retracement level of the key decline from the $22.31 swing high to the $13.00 low.<\/p>\n

SOL is now trading above $15 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $16.05 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $17.75 level. A clear move above the $17.75 resistance might send the price toward the $20 resistance. It is close to the 76.4% Fib retracement level of the key decline from the $22.31 swing high to the $13.00 low.<\/p>\n\n

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

A close above the $20 level could resend the price toward the $21.20 resistance zone. Any more gains might send the price toward the $22.40 level.<\/p>\n

Fresh Decline in SOL?<\/h2>\n

If SOL fails to clear the $17.75 resistance, it could start a fresh decline. Initial support on the downside is near the $16.00 level and the trend line.<\/p>\n

The first major support is near the $14.40 level, below which the bears might gain strength. In the stated case, the price may perhaps decline toward the $13.00 support. The next major support is near the $12.20 level.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for SOL\/USD is losing 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 $16.00, and $14.40.<\/p>\n

Major Resistance Levels \u2013 $17.75, $20.00, and $21.20.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Solana is recovering above the $16 resistance against the US Dollar. SOL price might rise steadily toward the $20 resistance if Bitcoin climbs above $30,800.<\/em><\/p>\n

SOL price is showing positive signs above the $16 level against the US Dollar.
\nThe price is now trading above $15 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $16.05 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could continue to move up unless there is a close below $14.40.<\/p>\n

Solana Price Recovers 10%<\/h2>\n

In the past few days, Solana\u2019s price started a fresh increase from the $13.00 support zone. Recently, Bitcoin<\/a> and Ethereum<\/a> saw a steady increase, sparking positive moves in Solana and Cardano.<\/p>\n

The bulls were able to push SOL above the $14.40 resistance zone. There was a close above the $16.00 resistance. However, the price faced resistance near $17.75, and the 50% Fib retracement level of the key decline from the $22.31 swing high to the $13.00 low.<\/p>\n

SOL is now trading above $15 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $16.05 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $17.75 level. A clear move above the $17.75 resistance might send the price toward the $20 resistance. It is close to the 76.4% Fib retracement level of the key decline from the $22.31 swing high to the $13.00 low.<\/p>\n

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

A close above the $20 level could resend the price toward the $21.20 resistance zone. Any more gains might send the price toward the $22.40 level.<\/p>\n

Fresh Decline in SOL?<\/h2>\n

If SOL fails to clear the $17.75 resistance, it could start a fresh decline. Initial support on the downside is near the $16.00 level and the trend line.<\/p>\n

The first major support is near the $14.40 level, below which the bears might gain strength. In the stated case, the price may perhaps decline toward the $13.00 support. The next major support is near the $12.20 level.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for SOL\/USD is losing 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 $16.00, and $14.40.<\/p>\n

Major Resistance Levels \u2013 $17.75, $20.00, and $21.20.<\/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-25816","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\/25816","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=25816"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25816\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}