Solana

FOMO

Show

Daily

<p>Solana appears poised at a critical technical and psychological inflection point, according to the latest analysis by <a href="https://www.tradingview.com/chart/SOLUSD/cdHFy41n-Solana-s-Ascent-Towards-200-A-Q1-2024-Outlook/" target="_blank" rel="noreferrer noopener nofollow">Coinpedia</a>. After extensive multi-month ranging, SOL now defends pivotal support while eyeing a breakout past stubborn resistance around the $100 level.</p> 
<p>Despite nascent signs of building momentum, conviction remains lacking, with SOL struggling to clear $100 decisively. Still, resilient support factors suggest that gathering bullish energy may soon achieve escape velocity beyond stubborn resistance.</p> 
<h2 class="wp-block-heading" id="strong-constructive-support-areas-holding-up-strong"><strong>Constructive Support Areas Holding Up</strong></h2> 
<p>Although upside continuation stalled recently, Solana maintains support levels that preserve its bullish posture technically. Holding above its 50-day EMA indicates strengthening foundations exist for the next advance.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="773" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-1024x773.png" alt="" class="wp-image-433334" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-1024x773.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-300x226.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-767x579.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-1536x1159.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-2048x1546.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-199x150.png 199w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-100x75.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-464x350.png 464w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214-788x594.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-214.png 1158w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Moreover, a slight positive divergence is forming on momentum oscillators, favoring further impulse waves ahead rather than trend exhaustion. In particular, the daily relative strength index appears to be establishing a base for its next ascent.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<h2 class="wp-block-heading" id="strong-decisive-breakout-needed-strong"><strong>Decisive Breakout Needed&nbsp;&nbsp;</strong></h2> 
<p>Nonetheless, Solana likely requires a forceful push above the psychological $100 threshold to re-ignite trader convictions. This area capped upside on multiple prior recovery attempts, so clearing it could spark rapid FOMO targeting $150 next.</p> 
<p>Notably, analysts spot signs of accumulating activity from unidentified players, likely indicating large players positioning for an impending volatility expansion maneuver. This building energy comports elegantly with historical patterns that tend to see peaks and climactic selloffs precede eventual upside resolutions.</p> 
<p>The Daily RSI suggests a brewing comeback with signs of potential bullish momentum. The $100 and $125 levels are seen as crucial for its next journey towards $200.</p> 
<p>But until SOL escapes its current limbo between $80 support and $100 resistance, ranging remains the path of least expectation. Still, once the compression springs in either direction, analysts eye considerable potential energy for explosive action.&nbsp;</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/why-is-arcblock-price-up-by-140-analyst-warns-abt-investors-of-this-metric/" target="_blank" rel="noreferrer noopener">Why is Arcblock Price Up By 140%? Analyst Warns ABT Investors Of This Metric</a></li> 
 <li><a href="https://captainaltcoin.com/why-ronins-price-tumbled-after-a-major-exchanges-listing-mix-up-will-the-ron-listing-lead-to-a-rebound/" target="_blank" rel="noreferrer noopener">Why Ronin’s Price Tumbled After a Major Exchange’s Listing Mix-Up: Will the RON Listing Lead to a Rebound?</a></li> 
 <li><a href="https://captainaltcoin.com/presale-grows-and-grows-ripple-xrp-bnb-bnb-holders-continue-the-bull-run-in-pushd-pushd-presale-as-2024-shows-big-rewards/" target="_blank" rel="noreferrer noopener">Presale grows and grows – Ripple (XRP) &amp; BNB (BNB) holders continue the bull run in Pushd (PUSHD) presale as 2024 shows big rewards</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-solanas-sol-price-is-poised-to-reach-200-in-q1-2024/">Why Solana’s SOL Price is Poised to Reach $200 in Q1 2024?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Solana’s SOL Price is Poised to Reach $200 in Q1 2024?

Table of Contents

CaptainAltcoin

Other articles published on Feb 6, 2024

Bitcoin prices fall more when miners sell, especially before halving: Bitfinex

Vanguard Embraces AI Revolution in $13 Billion Stock Funds Ahead of World AI Cannes Festival

Did Solana (SOL) Hit a Price Ceiling? Jupiter (JUP) Decline Continues; InQubeta (QUBE) Grabs Trad...

Bitcoin Shows Promise as Binary Coin Days Destroyed Indicator Signals Potential Uptrend

XRP and DOGE Fight for Recovery – InQubeta (QUBE) Prepares for Next Presale Stage, a Whopping 13%...

Solana's Fall Explained: What Investors Missed

Join our free newsletter for daily crypto updates!