Rage

Rally

Solana

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Divergence

<ul> 
 <li>Solana (SOL) aims to reach $35 as it surges past $30 resistance.</li> 
 <li>Bullish momentum driven by Bitcoin’s rally; forming key triangle pattern.</li> 
 <li>Strong support at $30.50, resistance near $32.75, with potential to reach $35.</li> 
</ul> 
<p>The <a href="https://solana.com/" target="_blank" rel="noreferrer noopener nofollow">Solana</a> cryptocurrency continues to show remarkable strength as it surges above the $30 resistance level against the US Dollar. <a href="https://cryptonewsland.com/solanas-chart-signals-bullish-surge-with-golden-cross-on-the-horizon/" target="_blank" rel="noreferrer noopener">Solana (SOL) price</a> has not only maintained its support but now eyes a fresh rally targeting the $35 mark.</p> 
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   <p lang="en" dir="ltr">Solana Bulls Seem Unstoppable As They Aim For $35 – <a href="https://t.co/nthHTI4N4A">https://t.co/nthHTI4N4A</a> <a href="https://t.co/O014Nqxlj0">pic.twitter.com/O014Nqxlj0</a></p>— Crypto News (@lypp) <a href="https://twitter.com/lypp/status/1717063438248100219?ref_src=twsrc%5Etfw">October 25, 2023</a>
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<p>In detail, SOL price initiated a substantial rally that broke through the $28 resistance against the US Dollar, marking a significant turning point. As of now, SOL is trading above $29.20 and has found strong support from the 100 simple moving average on the 4-hour chart.</p> 
<p>The <a href="https://lypp.com/solana-bulls-seem-unstoppable-as-they-aim-for-35/" target="_blank" rel="noreferrer noopener nofollow">chart indicates</a> the formation of a crucial contracting triangle, with a resistance level around $32.10 for the SOL/USD pair. To sustain this bullish momentum, Solana must successfully breach the $32.10 and $32.75 resistance levels.</p> 
<p>Solana’s current rally was kick-started when Bitcoin surged past the $30,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> resistance, influencing the entire <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a>. SOL confidently navigated above $28.80 and the $30.00 resistance levels, even spiking above $32.50. It recorded a high point near $32.79 and is currently consolidating these impressive gains.</p> 
<p>Solana’s price chart also <a href="https://cryptonewsland.com/real-vision-ceo-foresees-solana-doubling-sparking-crypto-summer-in-2024/" target="_blank" rel="noreferrer noopener">reveals promising signs</a>, with the crypto trading above $29.20 and the 100 simple moving average on the 4-hour chart. This upward trend is further reinforced by its positive performance above the 23.6% Fibonacci retracement level, calculated from the swing low of $23.13 to the high of $32.79.</p> 
<p>The immediate resistance lies around $32.00, closely followed by the triangular region. The primary resistance to watch for is near $32.75, which could pave the way for a more substantial increase. If this bullish momentum persists, the next significant resistance level is at $35.00, with the potential to push the price even further towards $36.50.</p> 
<p>However, should Solana fail to surpass the $32.00 resistance, it may experience a correction. Initial support can be expected around $30.50, while more substantial support is at the $28.00 level, equivalent to the 50% Fibonacci retracement from the swing low of $23.13 to the high of $32.79. If the price drops below this critical support level, it might head toward the $26.80 support in the near future.</p> 
<p>In terms of technical indicators, the 4-hour Moving Average Convergence Divergence (MACD) for SOL/USD signals bullish momentum, and the Relative Strength Index (RSI) stands above the 50 level.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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 <li><a href="https://cryptonewsland.com/the-nft-debate-continues-to-rage-on-art-or-investment/">The NFT Debate Continues to Rage On, Art or Investment?</a></li>
 <li><a href="https://cryptonewsland.com/can-solana-sol-enter-the-top-10-cryptocurrencies-in-2023/">Can Solana (SOL) Enter the Top 10 Cryptocurrencies in 2023?</a></li>
 <li><a href="https://cryptonewsland.com/solana-explodes-with-a-200-surge-can-sol-reach-50-in-jan/">Solana Explodes With a 200% Surge. Can SOL Reach $50 In JAN?</a></li>
 <li><a href="https://cryptonewsland.com/solana-sol-price-analysis-july-week-3-to-4/">Solana (SOL) Price Analysis July Week 3 to 4</a></li>
 <li><a href="https://cryptonewsland.com/is-solana-dead-here-are-the-facts-pushing-sol-to-ground/">Is Solana Dead? Here are the Facts Pushing SOL to Ground</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/solana-sol-price-rally-continues-to-rage-on-as-bulls-eye-35-target/">Solana (SOL) Price Rally Continues to Rage on as Bulls Eye $35 Target</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Solana (SOL) Price Rally Continues to Rage on as Bulls Eye $35 Target

Crypto News Land

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