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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Solana Faces Resistance Yet Traders May Find Buying Opportunities Here

anushsamal
anushsamal
2 years ago
2 mins read
Solana

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.

The price of Solana (SOL) has experienced consolidation in recent trading sessions, particularly in light of Bitcoin’s inability to trade at $31,000. SOL remains below a significant resistance level that the bulls have struggled to overcome for several weeks.

Related Reading

Bitcoin

Bitcoin Correlation To Gold, Silver Drops To Cyclical Lows: Glassnode

1 year ago

On the daily chart, SOL has depreciated by 1.4%. On the weekly chart, the price has slightly declined by just over 2%. The technical outlook appears grim, with limited buying strength indicated by falling demand and accumulation on the daily chart.

Solana may require the support of a Bitcoin rally above the $31,000 mark to break past the overhead resistance. This has to be coupled with strength in the broader market. The participation of buyers will be crucial for SOL’s upward momentum.

However, if SOL fails to surpass the immediate ceiling in the upcoming trading sessions, the extended consolidation phase could lead to a price decline. Additionally, the recent decline in market capitalization within the last 24 hours is considered a bearish sign for the altcoin.

Solana Price Analysis: One-Day Chart

Solana
Solana was priced at $16.30 on the one-day chart | Source: SOLUSD on TradingView

After facing rejection at $17.30, SOL currently trades at $16.30. The coin is encountering overhead resistance at $17. A breakthrough above this level could pave the way for a rally toward $18.

Although SOL is currently stuck below the resistance, there may be potential buying opportunities for traders shortly. If consolidation persists, SOL can lose its current price level and decline to $16.

Subsequently, it may drop to $15.60, which has served as a Point Of Control (POC) indicated by the red line. The POC represents a significant trading volume, suggesting that it could present a favorable buying opportunity as the coin has historically tended to recover from that point.

Technical Analysis

Solana
Solana depicted low demand on the one-day chart | Source: SOLUSD on TradingView

Since failing to surpass the $17 mark, SOL has experienced persistently low buying strength. The Relative Strength Index (RSI) has made attempts at recovery, but crossing the 50-mark has proven challenging.

As a result, sellers have maintained control of the market. Furthermore, SOL has fallen below the 20-Simple Moving Average, indicating increased downward price action as sellers drove the price momentum.

Solana
Solana formed buy signals on the one-day chart | Source: SOLUSD on TradingView

Based on its daily chart, there are promising signs of potential gains for the altcoin. The Moving Average Convergence indicator shows buy signals, as indicated by the formation of green histograms. This suggests a shift in momentum.

Related Reading

Cardano Set To Be Delisted On Huobi – Will It Dent ADA Price?

2 years ago

Additionally, the Bollinger Bands, which measure price volatility, have converged, indicating that the price is currently constricted. However, this might also imply the possibility of a breakout. If a breakout occurs, SOL could experience a rally of over 10%.

Featured image from UnSplash, charts from TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

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

Bitcoin nove maximum ATH 2025

Bitcoin prekročil hranicu 118 000 $. Bude Bitcoin Hyper katalyzátorom ďalšieho rastu?

Bitcoin prekonal počas dnešného rána hranicu 118 000 dolárov a dosiahol nové historické maximum 118 403,89 $. BTC tak stanovil...

Nina Šefčíková 2 days ago
dogecoin (6)

Dogecoin, Solana και Ethereum οδηγούν την κρυπτοαγορά ενώ το Bitcoin παραμένει σταθερό

Η εβδομάδα ξεκίνησε με ενθουσιασμό για τους λάτρεις των κρυπτονομισμάτων, καθώς τα altcoins όπως το Dogecoin, το Solana και το...

Ανθή Ντόνκοβα 2 days ago
Solana

Solana Breaks Out Of Symmetrical Triangle—Next Stop $164?

Solana has shown a potential breakout from a Symmetrical Triangle. Here’s where the next price target could lie, according to...

Keshav Verma 2 days 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

Solana

Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

Semilore Faleti 1 hour ago

Why The Solana Price Could Crash To $95 Before Reaching $200

Scott Matherson 1 day ago
Bitcoin

Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun

Scott Matherson 1 day ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    20 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    20 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    20 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    20 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    20 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.