{"id":34663,"date":"2024-01-02T06:53:01","date_gmt":"2024-01-02T10:53:01","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34663"},"modified":"2024-01-02T06:53:01","modified_gmt":"2024-01-02T10:53:01","slug":"sol-price-surges-10-as-solana-bulls-aim-new-high-above-125","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/02\/sol-price-surges-10-as-solana-bulls-aim-new-high-above-125\/","title":{"rendered":"SOL Price Surges 10% As Solana Bulls Aim New High Above $125"},"content":{"rendered":"

Solana is up over 10% and gaining pace above $105. SOL price seems to be setting up for an upside break above the $125 resistance zone.<\/em><\/p>\n

SOL price started a fresh rally above the $100 resistance against the US Dollar.
\nThe price is now trading above $105 and the 100 simple moving average (4 hours).
\nThere was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could continue to rally if there is a clear move above the $118 resistance.<\/p>\n

Solana Price Starts Fresh Rally<\/h2>\n

After a downside correction, Solana found support<\/a> near the $93.50 level. SOL formed a base and recently started a fresh increase above the $100 resistance.<\/p>\n

It is up over 10% today, outperforming Bitcoin<\/a> and Ethereum<\/a>. There was a move above the 50% Fib retracement level of the downward move from the $126.13 swing high to the $93.50 low. Besides, there was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

SOL is now trading above $105 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $114 level. The first major resistance is near the $118 level or the 76.4% Fib retracement level of the downward move from the $126.13 swing high to the $93.50 low.<\/p>\n

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

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

The main resistance is now near $125. A successful close above the $125 resistance could set the pace for another major rally. The next key resistance is near $138. Any more gains might send the price toward the $145 level.<\/p>\n

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

If SOL fails to rally above the $118 resistance, it could start a downside correction. Initial support on the downside is near the $108 level.<\/p>\n

The first major support is near the $100 level or the 100 simple moving average (4 hours), below which the price could test $94. If there is a close below the $94 support, the price could decline toward the $80 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 $108, and $100.<\/p>\n

Major Resistance Levels \u2013 $118, $125, and $138.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Solana is up over 10% and gaining pace above $105. SOL price seems to be setting up for an upside break above the $125 resistance zone.<\/em><\/p>\n

SOL price started a fresh rally above the $100 resistance against the US Dollar.
\nThe price is now trading above $105 and the 100 simple moving average (4 hours).
\nThere was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could continue to rally if there is a clear move above the $118 resistance.<\/p>\n

Solana Price Starts Fresh Rally<\/h2>\n

After a downside correction, Solana found support<\/a> near the $93.50 level. SOL formed a base and recently started a fresh increase above the $100 resistance.<\/p>\n

It is up over 10% today, outperforming Bitcoin<\/a> and Ethereum<\/a>. There was a move above the 50% Fib retracement level of the downward move from the $126.13 swing high to the $93.50 low. Besides, there was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL\/USD pair.<\/p>\n

SOL is now trading above $105 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $114 level. The first major resistance is near the $118 level or the 76.4% Fib retracement level of the downward move from the $126.13 swing high to the $93.50 low.<\/p>\n

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

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

The main resistance is now near $125. A successful close above the $125 resistance could set the pace for another major rally. The next key resistance is near $138. Any more gains might send the price toward the $145 level.<\/p>\n

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

If SOL fails to rally above the $118 resistance, it could start a downside correction. Initial support on the downside is near the $108 level.<\/p>\n

The first major support is near the $100 level or the 100 simple moving average (4 hours), below which the price could test $94. If there is a close below the $94 support, the price could decline toward the $80 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 $108, and $100.<\/p>\n

Major Resistance Levels \u2013 $118, $125, and $138.<\/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-34663","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\/34663","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=34663"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34663\/revisions"}],"predecessor-version":[{"id":34668,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34663\/revisions\/34668"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34663"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}