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 Keeps Positive Radiance But Bears Could Dampen The Mood At This Level

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.

In recent times, the Solana price has witnessed a considerable upward push, which made the coin breach important resistance levels. Over the last 24 hours, SOL has rallied close to 20%, and in a week’s time, the altcoin has appreciated close to 40%.

As Bitcoin’s price has remained above $20,000, most altcoins have shown positive price momentum on their respective charts. If Bitcoin continues to climb higher, then short-term bullish momentum will prevail across the market.

Related Reading

Polkadot

Polkadot Could Present Buying Opportunity As Bullish Outlook Continues

1 year ago

The technical outlook of Solana has pointed towards the bulls, but the chart also reveals that as the coin has been overbought, SOL would eventually witness a price correction. Accumulation remains high on the chart as demand for the coin has been at a multi-month high.

Solana could present its buyers with buying opportunities; the coin might retrace on its chart and then rise again. The market capitalization of Solana increased, which meant that there had been an increase in buying strength. Currently, Solana has been trading at a 90% discount to its all-time high, which was secured in 2021.

Solana Price Analysis: One-Day Chart

Solana
Solana was priced at $25 on the one-day chart | Source: SOLUSD on TradingView

SOL was priced at $25 at the time of writing. Solana pierced through many resistance levels. The $25 price mark has acted as stiff resistance for the coin; it is imperative that SOL stay put above that region to avoid bullish momentum from fading.

Overhead resistance for the coin stood at $31, but before the altcoin gets to that level, SOL is bound to trade south. Local support for the coin stood at $21.

The support region that ranges between $21 and $18 will present traders with entry opportunities. The amount of Solana traded in the last session increased and was green, which meant that the coin depicted bullish momentum.

Technical Analysis

Solana
Solana registered an uptick in buying strength on the one-day chart | Source: SOLUSD on TradingView

SOL continued to display overbought tendencies, the asset was overvalued. Despite a tiny correction in demand, accumulation for the coin shot past the overbought region again.

The Relative Strength Index (RSI) was parked at the 70-mark, which was a sign that buyers exceeded sellers heavily on the daily chart. Similarly, the price of the asset was above the 20-Simple Moving Average (SMA) line, which meant that buyers were driving the price momentum in the market.

Solana was also above the 50-SMA line (yellow), which is a sign of a bullish extension. On the flip side, SOL displayed a death cross where the 50-SMA crossed above the 20-SMA line, and that meant an incoming fall in price.

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

Bulls were still around for Solana, but buy signals for the altcoin were declining in size. The Moving Average Convergence Divergence (MACD) depicts price momentum and reversals. The MACD displayed decreasing green histograms, which meant that buy signals were declining on the chart.

Related Reading

This Metric Suggests Bitcoin Could Be In Danger Of Another Selloff

1 year ago

The Bollinger bands, which indicate volatility, also drew apart, which meant that the coin would witness considerable price fluctuations over the next few trading sessions.

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

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 21 hours ago
Solana

Is Solana About To Break Out? Key Levels And Indicators Say Watch Closely

Solana is exhibiting strong bullish signs supported by moving averages, volume, and momentum indicators, which hint at a short-term pause...

Sandra White 1 day ago
Solana (SOL) Rockets Over 10%

Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?

Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise...

Aayush Jindal 1 day 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

Bitcoin

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

Scott Matherson 11 hours ago
Bitcoin nove maximum ATH 2025

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

Nina Šefčíková 14 hours ago
dogecoin (6)

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

Ανθή Ντόνκοβα 17 hours ago

Premium Sponsors

Press Releases

  • 4 kryptomeny, vďaka ktorým toto leto zmeníš 1000 € na...

    6 hours ago
  • 3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    7 hours ago
  • 4 kryptowaluty, dzięki którym tego lata zamienisz 1000 zł w miliony

    4 kryptowaluty, dzięki którym tego lata zamienisz 1000...

    7 hours ago
  • 4 criptomonede cu care poți transforma 1000 de lei în milioane vara aceasta

    4 criptomonede cu care poți transforma 1000 de lei în...

    10 hours ago
  • 3 altcoinuri de urmărit în a doua săptămână a lunii iulie 2025

    3 altcoinuri de urmărit în a doua săptămână a lunii...

    11 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.