{"id":27354,"date":"2023-07-27T05:52:42","date_gmt":"2023-07-27T09:52:42","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=27354"},"modified":"2023-07-27T05:52:42","modified_gmt":"2023-07-27T09:52:42","slug":"sol-price-prediction-solana-hints-at-potential-fresh-rally-to-30","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/27\/sol-price-prediction-solana-hints-at-potential-fresh-rally-to-30\/","title":{"rendered":"SOL Price Prediction: Solana Hints At Potential Fresh Rally To $30"},"content":{"rendered":"

Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price might continue to rise steadily toward the $30 zone in the near term.<\/em><\/p>\n

SOL price is showing positive signs above the $24 level against the US Dollar.
\nThe price is now trading near $25 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could continue to move up if it clears the $26 resistance zone.<\/p>\n

Solana Price Starts Recovery<\/h2>\n

After a steady decline, Solana\u2019s price found support near the $22.75 zone. SOL traded as low as $22.70 and recently started a recovery wave, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price climbed above the $24 and $24.50 resistance levels. There was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL\/USD pair. The pair climbed above the 23.6% Fib retracement level of the downward move from the $32.42 swing high to the $22.70 low.<\/p>\n

SOL is now trading near $25 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $25.90 level. The first major resistance is near the $26 level. A clear move above the $26 resistance might send the price toward the $28.80 resistance.<\/p>\n\n

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

The 61.8% Fib retracement level of the downward move from the $32.42 swing high to the $22.70 low is also near the $28.80 level. Any more gains might send the price toward the $30 level.<\/p>\n

Another Drop in SOL?<\/h2>\n

If SOL fails to clear the $26 resistance, it could start a fresh decline. Initial support on the downside is near the $24.80 level and the broken trend line.<\/p>\n

The first major support is near the $24 level. If there is a close below the $24 support, the price could decline toward the $22.75 support. In the stated case, there is a risk of more downsides toward the $20 support in the near term.<\/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 $24.00, and $22.75.<\/p>\n

Major Resistance Levels \u2013 $26.00, $28.80, and $30.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price might continue to rise steadily toward the $30 zone in the near term.<\/em><\/p>\n

SOL price is showing positive signs above the $24 level against the US Dollar.
\nThe price is now trading near $25 and the 100 simple moving average (4 hours).
\nThere was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could continue to move up if it clears the $26 resistance zone.<\/p>\n

Solana Price Starts Recovery<\/h2>\n

After a steady decline, Solana\u2019s price found support near the $22.75 zone. SOL traded as low as $22.70 and recently started a recovery wave, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price climbed above the $24 and $24.50 resistance levels. There was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL\/USD pair. The pair climbed above the 23.6% Fib retracement level of the downward move from the $32.42 swing high to the $22.70 low.<\/p>\n

SOL is now trading near $25 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $25.90 level. The first major resistance is near the $26 level. A clear move above the $26 resistance might send the price toward the $28.80 resistance.<\/p>\n

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

The 61.8% Fib retracement level of the downward move from the $32.42 swing high to the $22.70 low is also near the $28.80 level. Any more gains might send the price toward the $30 level.<\/p>\n

Another Drop in SOL?<\/h2>\n

If SOL fails to clear the $26 resistance, it could start a fresh decline. Initial support on the downside is near the $24.80 level and the broken trend line.<\/p>\n

The first major support is near the $24 level. If there is a close below the $24 support, the price could decline toward the $22.75 support. In the stated case, there is a risk of more downsides toward the $20 support in the near term.<\/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 $24.00, and $22.75.<\/p>\n

Major Resistance Levels \u2013 $26.00, $28.80, and $30.00.<\/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-27354","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\/27354","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=27354"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27354\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27354"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}