{"id":34040,"date":"2023-12-11T06:53:00","date_gmt":"2023-12-11T10:53:00","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=34040"},"modified":"2023-12-11T06:53:00","modified_gmt":"2023-12-11T10:53:00","slug":"sol-price-solana-signals-short-term-top-here-are-key-supports-to-watch","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/11\/sol-price-solana-signals-short-term-top-here-are-key-supports-to-watch\/","title":{"rendered":"SOL Price (Solana) Signals Short-Term Top, Here Are Key Supports To Watch"},"content":{"rendered":"

Solana surged toward $80 before the bears appeared. SOL price is now correcting gains but the bulls might remain active near the $65 support.<\/em><\/p>\n

SOL price started a major rally above the $65 resistance before the bears appeared against the US Dollar.
\nThe price is now trading above $65 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could accelerate lower if there is a clear move below the $55.00 support.<\/p>\n

Solana Price Starts Downside Correction<\/h2>\n

In the past few days, Solana saw a major rally above the $60 level. SOL gained bullish momentum after it settled above $65, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The bulls even pumped the price above the $72 level. A high was formed near $77.72 and the price recently saw a downside correction. It traded below $72 and tested $70. The bears were able to push the price below the 23.6% Fib retracement level of the upward move from the $53.50 swing low to the $77.72 high.<\/p>\n

SOL is still trading above $66 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

The trend line is near the 50% Fib retracement level of the upward move from the $53.50 swing low to the $77.72 high. On the upside, immediate resistance is near the $72.00 level. The first major resistance is near the $75.00 level.<\/p>\n

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

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

The main resistance is now near $78. A successful close above the $78 resistance could set the pace for a larger increase. The next key resistance is near $82.50. Any more gains might send the price toward the $86.52 level.<\/p>\n

More Losses in SOL?<\/h2>\n

If SOL fails to recover above the $72.00 resistance, it could continue to move down. Initial support on the downside is near the $68.00 level.<\/p>\n

The first major support is near the $65.00 level or the trend line, below which the price could test $62. If there is a close below the $62 support, the price could decline toward the $55 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 bearish zone.<\/p>\n

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

Major Support Levels \u2013 $65.00, and $62.00.<\/p>\n

Major Resistance Levels \u2013 $72.00, $75.00, and $78.00.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Solana surged toward $80 before the bears appeared. SOL price is now correcting gains but the bulls might remain active near the $65 support.<\/em><\/p>\n

SOL price started a major rally above the $65 resistance before the bears appeared against the US Dollar.
\nThe price is now trading above $65 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could accelerate lower if there is a clear move below the $55.00 support.<\/p>\n

Solana Price Starts Downside Correction<\/h2>\n

In the past few days, Solana saw a major rally above the $60 level. SOL gained bullish momentum after it settled above $65, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The bulls even pumped the price above the $72 level. A high was formed near $77.72 and the price recently saw a downside correction. It traded below $72 and tested $70. The bears were able to push the price below the 23.6% Fib retracement level of the upward move from the $53.50 swing low to the $77.72 high.<\/p>\n

SOL is still trading above $66 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $65.00 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

The trend line is near the 50% Fib retracement level of the upward move from the $53.50 swing low to the $77.72 high. On the upside, immediate resistance is near the $72.00 level. The first major resistance is near the $75.00 level.<\/p>\n

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

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

The main resistance is now near $78. A successful close above the $78 resistance could set the pace for a larger increase. The next key resistance is near $82.50. Any more gains might send the price toward the $86.52 level.<\/p>\n

More Losses in SOL?<\/h2>\n

If SOL fails to recover above the $72.00 resistance, it could continue to move down. Initial support on the downside is near the $68.00 level.<\/p>\n

The first major support is near the $65.00 level or the trend line, below which the price could test $62. If there is a close below the $62 support, the price could decline toward the $55 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 bearish zone.<\/p>\n

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

Major Support Levels \u2013 $65.00, and $62.00.<\/p>\n

Major Resistance Levels \u2013 $72.00, $75.00, and $78.00.<\/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-34040","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\/34040","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=34040"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34040\/revisions"}],"predecessor-version":[{"id":34045,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34040\/revisions\/34045"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34040"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}