{"id":29599,"date":"2023-09-14T05:53:17","date_gmt":"2023-09-14T09:53:17","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29599"},"modified":"2023-09-14T05:53:17","modified_gmt":"2023-09-14T09:53:17","slug":"sol-price-prediction-solana-at-make-or-break-moment-key-levels-to-watch","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/14\/sol-price-prediction-solana-at-make-or-break-moment-key-levels-to-watch\/","title":{"rendered":"SOL Price Prediction: Solana At Make-Or-Break Moment, Key Levels To Watch"},"content":{"rendered":"

Solana is eyeing a fresh increase above the $19.00 resistance against the US Dollar. SOL price must settle above $19 and $20 to start a fresh increase.<\/em><\/p>\n

SOL price is attempting a bullish breakout above the $19 resistance against the US Dollar.
\nThe price is now trading below $20 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it settles above the trend line and $20.<\/p>\n

Solana Price Eyes Bullish Breakout<\/h2>\n

In the past few days, Solana\u2019s price extended its decline below the $22 support<\/a>. SOL even traded below the $20 level to move further into a bearish zone.<\/p>\n

Finally, it tested the $17.40 zone. A low was formed near $17.37 and the price is now attempting a fresh increase, like Bitcoin<\/a> and Ethereum. There was a move above the $18.50 resistance zone. The price even spiked above the 50% Fib retracement level of the downward move from the $20.60 swing high to the $17.37 low.<\/p>\n

However, the bears are protecting a close above the $19 resistance. There is also a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

Solana is now trading below $20 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $19.00 level. The first major resistance is near the $19.40 level or the 100 simple moving average (4 hours). It is close to the 61.8% Fib retracement level of the downward move from the $20.60 swing high to the $17.37 low.<\/p>\n\n

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

The next key resistance is near $20. A clear move above the $20 resistance might send the price toward the $21.20 resistance. Any more gains might send the price toward the $22 level.<\/p>\n

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

If SOL fails to settle above $19.00 and $19.40, it could start another decline. Initial support on the downside is near the $18.10 level.<\/p>\n

The first major support is near the $17.40 level. If there is a close below the $17.40 support, the price could decline toward the $16.50 support. In the stated case, there is a risk of more downsides toward the $15.00 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 $18.10, and $17.40.<\/p>\n

Major Resistance Levels \u2013 $19.00, $19.40, and $20.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Solana is eyeing a fresh increase above the $19.00 resistance against the US Dollar. SOL price must settle above $19 and $20 to start a fresh increase.<\/em><\/p>\n

SOL price is attempting a bullish breakout above the $19 resistance against the US Dollar.
\nThe price is now trading below $20 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it settles above the trend line and $20.<\/p>\n

Solana Price Eyes Bullish Breakout<\/h2>\n

In the past few days, Solana\u2019s price extended its decline below the $22 support<\/a>. SOL even traded below the $20 level to move further into a bearish zone.<\/p>\n

Finally, it tested the $17.40 zone. A low was formed near $17.37 and the price is now attempting a fresh increase, like Bitcoin<\/a> and Ethereum. There was a move above the $18.50 resistance zone. The price even spiked above the 50% Fib retracement level of the downward move from the $20.60 swing high to the $17.37 low.<\/p>\n

However, the bears are protecting a close above the $19 resistance. There is also a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

Solana is now trading below $20 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $19.00 level. The first major resistance is near the $19.40 level or the 100 simple moving average (4 hours). It is close to the 61.8% Fib retracement level of the downward move from the $20.60 swing high to the $17.37 low.<\/p>\n

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

The next key resistance is near $20. A clear move above the $20 resistance might send the price toward the $21.20 resistance. Any more gains might send the price toward the $22 level.<\/p>\n

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

If SOL fails to settle above $19.00 and $19.40, it could start another decline. Initial support on the downside is near the $18.10 level.<\/p>\n

The first major support is near the $17.40 level. If there is a close below the $17.40 support, the price could decline toward the $16.50 support. In the stated case, there is a risk of more downsides toward the $15.00 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 $18.10, and $17.40.<\/p>\n

Major Resistance Levels \u2013 $19.00, $19.40, and $20.00.<\/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-29599","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\/29599","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=29599"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29599\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29599"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}