Solana

Resistance

Billion

Gains

<ul class="list-ic vertical">
 <li><span>1</span> <a>Solana price (SOL) surged 4.23% in the last 24 hours and currently trades at $29.71.</a></li>
 <li><span>2</span> <a>SOL crypto price has gained over 36% in the last eight Intraday Sessions.&nbsp;</a></li>
 <li><span>3</span> <a>Solana’s price bounced back from the 200-day EMA and surged to break higher.&nbsp;</a></li>
</ul>
<p>Solana’s price is up 4.23% in Intraday today and has been persisting in a bullish outlook in the recent sessions. The SOL crypto has been in an inclining trend since the price broke above the 200-day EMA.&nbsp;</p>
<p>The Solana price has added over 35% to the market cap in the past eight sessions. The SOL crypto price bounced back from the 50-day EMA and surged higher breaking above the previous swing high.<br><br>The volume analysis shows that the Solana crypto price has a trading volume of $1.012 Billion in the past 24 hours which is 12% less than the last day. The crypto has a market cap of $12.40 Billion and ranks 7th in the crypto market. The volume-to-market-cap ratio is 8.22% indicating mild volatility in the market.</p>
<h2 class="wp-block-heading" id="strong-solana-price-might-break-above-30-level-strong"><strong>Solana Price Might Break Above $30 Level&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646-1024x478.png" alt="Solana Price Gains in Intraday: Can SOL Crypto Conquer $30 Mark?" class="wp-image-177603" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-646.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: SOL/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The <a href="https://www.thecoinrepublic.com/2023/10/17/solana-2023-can-sol-price-cross-yearly-high-before-december/" rel="noopener noreferrer nofollow">Solana price</a> currently trades at $29.71 with an intraday gain of 4.23%. The SOL crypto price persists in a strong bullish trend and might gain more if it continues with the momentum.</p>
<p>Looking over the chart, there is a minor supply zone near $32 and a major supply zone near $37. The price may break above the minor resistance and continue till the major resistance.<br><br>Though the price has risen in the past 24 hours, however, the volume is down 12% in the period. The SOL crypto is losing buying volume indicating that the bulls are losing momentum. SOL crypto needs more buyers to surpass the upper supply zones.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-rsi-shows-price-entering-overbought-zone-strong"><strong>RSI Shows Price Entering Overbought Zone</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647.png" alt="Solana Price Gains in Intraday: Can SOL Crypto Conquer $30 Mark?" class="wp-image-177605" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-647-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: SOL/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>RSI is showing a positive crossover of the EMA. Moreover, the RSI has entered an overbought region indicating a possible selloff may occur and the price may show declines.&nbsp;&nbsp;</p>
<p>The EMA analysis shows that the <a href="https://www.thecoinrepublic.com/2023/10/17/solana-2023-can-sol-price-cross-yearly-high-before-december/" target="_blank" rel="noopener noreferrer nofollow">SOL price</a> bounced back from the 200-day EMA and surged to break above the recent swing high indicating a bullish outlook in the short term.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Solana’s price is bullish and up 4.23% today. The SOL crypto broke above the 200-day EMA and rose from the 50-day EMA. The price is $29.71 and has a market cap of $12.40 Billion. The volume is low and down 12% in 24 hours.&nbsp;</p>
<p>The price may face resistance at the $32 and $37 levels. The price needs more buyers to overcome the supply zones. The volume-to-market-cap ratio is 8.22% indicating mild volatility.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $25.55 and $21.21.</li>
 <li><strong>Resistance Levels:</strong> $32.31 and $37.12.</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Solana Price Gains in Intraday: Can SOL Crypto Conquer $30 Mark?

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