NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Solana Fails To Hold $30 Support, How Cheap Will Solana’s Price Be?

jamesobande
jamesobande
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • SOL price struggles as $30 support failed to hold, with many buyers sweating on their open SOL position. 
  • SOL price breaks below 50 and 200-day Exponential Moving Average; the price continues its range around the $30 mark.  
  • The price of SOL could restest $24-$16 if the price maintains a bearish structure. 

The price of Solana (SOL) has struggled recently to reclaim its bullish strength against tether (USDT) but was unable to as the price hit a new fresh rock. The crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggested an increase in inflation affecting the price of BTC negatively with Solana (SOL) not left out of the equation as price lost its key support. (Data from Binance)

Related Reading

Bitcoin Dominance Rises As Market Turns Red, What Does This Mean For Altcoins?

1 year ago

State Of The Market

After exhibiting relief bounces and the crypto market cap appearing poised to rally to a high with the hopes of altcoins joining the party, this was cut short as many altcoins experienced a price decline, with many losing key support and more at risk of falling as the price of Bitcoin Dominance (BTC.D) continues to rise.

Solana (SOL) Price Analysis On The Weekly Chart.

The first week of October saw many altcoins showing significant strength as the rally, with others producing double-digit gains combined with the fact that BTC.D was down at the time. As a result, there was little Bitcoin effect during the price retracement.

The price of SOL in recent weeks has protected the region of $30 as the price rallied away from this region to avoid breaking this zone. SOL’s price held this support zone to avert the possibility of turning this strong support into resistance. After BTC saw its price rejected to a low of $18,200, the price of SOL lost this support but quickly bounced from this region to reclaim its support at $30.  

Weekly resistance for the price of SOL – $34.

Weekly support for the price of SOL – $30.

Price Analysis Of SOL On The Daily (1D) Chart

Daily SOL Price Chart | Source: SOLUSDT On Tradingview.com

The daily timeframe for SOL price faced rejection at $34 as the price could not break above and has struggled to flip this region into support. The price continued to move below $34 before the price was met with a rejection to a region of $28 as the price bounced off this region to reclaim $30. If the price of SOL loses this region of support, we would most likely see the price drop to a low of $24-$20 

The price of SOL trades at $30 as the price bounced off after a drop to $28. SOL’s price trades below the 50 and 200 Exponential Moving Averages (EMA) as the price needs to flip 50 EMA to resume a short-term bullish trend. 

Daily resistance for the price of SOL – $34.

Daily support for the price of SOL – $30-$28.

Related Reading

crypto market sentiment

Why Crypto Market Sentiment May Present A Unique Buying Opportunity

1 year ago
Featured Image From Pymnts, Charts From Tradingview
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana (SOL) Faces Heavy Resistance

Solana (SOL) Faces Heavy Resistance – Can Bulls Prevent a $200 Breakdown?

Solana started a fresh increase from the $194 zone. SOL price is now recovering higher and faces a heavy resistance...

Aayush Jindal 2 hours ago
ONDO

ONDO Price Skyrockets As Over 100 Tokenized Assets And ETFs Are Set For Ethereum Debut

Ondo Finance, a Layer 1 (L1) blockchain protocol, has recently announced the launch of Ondo Global Markets, designed to enable...

Ronaldo Marquez 4 hours ago
token6900-goes-live-today-100x-meme-coin-hype-begins

SPX6900「兄弟盤」TOKEN6900登場 今日下午2點正式上線 能否掀起百倍迷因幣風潮?

被譽為 SPX6900「兄弟盤」的 TOKEN6900(T6900),即將於今日 UTC 下午2點在去中心化交易所正式登場。隨著加密整體市場醞釀新一輪行情,T6900 的上線時間點可謂完美踩中節奏。根...

estherw 55 minutes ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

mystery box elektronika

Jak funguje mystery box elektronika a kde koupit?

Lenka Hanzlíková Just now
Ethereum vs. Bitcoin: ETH/BTC Ratio Climbs to Yearly Peak Amid Market Shift

Bitcoin, Ethereum Open Interest Are Sitting Close To ATH Levels, What Happened Last Time?

Scott Matherson 31 minutes ago
Cardano, ADA, Charles Hoskinson

Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results

Rubmar Garcia 2 hours ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    10 hours ago
  • イーサリアム...

    10 hours ago
  • ビットコイン...

    10 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    10 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    11 hours ago

Newsletter

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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 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.