• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
Solana Price Prediction

SOL Price Prediction: Solana Rally Seems Far From Over, $30 Soon?

Aayush Jindal by Aayush Jindal
2 months ago
in Technical analysis
Reading Time: 2 mins read

Solana is moving higher above the $23 resistance against the US Dollar. SOL price could rally further if there is a clear move above the $25 resistance.

  • SOL price is showing positive signs above the $22 pivot level against the US Dollar.
  • The price is now trading above $22 and the 100 simple moving average (4 hours).
  • There was a break above a major bearish trend line with resistance near $20.40 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
  • The pair could rise further if it clears the $24.50 and $25.00 resistance levels.

Solana Price Could Revisit $30

This past week, Solana price found support near the $20 zone. The price formed a base and started a decent increase above the $22 resistance, similar to Bitcoin and Ethereum.

The bulls were able to pump the price above $23.20. There was a break above a major bearish trend line with resistance near $20.40 on the 4-hour chart of the SOL/USD pair. The price is up over 15% and is trading in a positive zone. A high is formed near $24.66 and the price is consolidating gains.

SOL price is now trading well above $22 and the 100 simple moving average (4 hours). It is also above the 23.6% Fib retracement level of the upward move from the $19.87 swing low to the $24.66 high.

SOL Price Prediction

Source: SOLUSD on TradingView.com

On the upside, immediate resistance is near the $24.50 level. The next major resistance is near the $25.00 level, above which the price could gain bullish momentum and rise toward the $28 resistance. Any more gains might send the price toward the $30 level.

Dips Supported in SOL?

If SOL fails to clear the $24.50 resistance, it could start a downside correction. Initial support on the downside is near the $23.50 level.

The first major support is near the $22.20 level. It is near the 50% Fib retracement level of the upward move from the $19.87 swing low to the $24.66 high, below which the price could test $21.00 and the 100 simple moving average (4 hours). The next major support is near the $20 level.

Technical Indicators

4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $23.50, $22.20, and $21.00.

Major Resistance Levels – $24.50, $25, and $30.

Tags: SolSolanaSOLUSDSOLUSDT
Tweet123Share196ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Cardano (ADA)

ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

7 hours ago
Ethereum

Ethereum Price Gearing For Another Lift-Off to $2K: Recovery Isn’t Over Yet

8 hours ago
Bitcoin

Bitcoin Price Prints Bullish Technical Pattern, Why Close Above $28,500 Is Critical

9 hours ago
NEO Token Surges 10% In The Past 24 Hours – Here’s Why

NEO Token Surges 10% In The Past 24 Hours – Here’s Why

1 day ago
XRP

XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement?

1 day ago
XRP

Whales Flock To XRP, Accumulate 52 Million Tokens In Just 3 Weeks – Here’s Why

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • TMS Network (TMSN) Exceeds Popular Meme Coin Rivals Shiba...

    1 hour ago
  • Traders Union published the list of Best Forex Brokers in...

    4 hours ago
  • Coinbase battles with SEC users are moving to Tradecurve

    6 hours ago
  • Cardano to hit 1$, Floki inu braces for price breakout and...

    6 hours ago
  • Ben Token Breaks $100 Million Market Cap, Could it Make it...

    6 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.