Convergence

Solana

Shiba Inu

Swing

<img width="1200" height="600" src="https://coingape.com/wp-content/uploads/2023/12/solana-raises-money-crypto-news-australia-e1707750580262.png" class="attachment-full size-full wp-post-image" alt="Solana Price Prediction" decoding="async" style="float:right; margin:0 0 10px 10px;">
Solana price prediction: SOL’s trading momentum has been mostly positive in recent weeks, showcasing an optimistic trend. However, Over the last day, the <a href="https://coingape.com/price/solana/">Solana price</a> has experienced a notable decline of 5%, dropping to $104. This downturn comes after SOL briefly fell beneath the crucial $109 support level the day prior. Despite this, bullish trends have swiftly regained momentum, indicating a potential for recovery. 
The currency successfully overcame a significant hurdle, surpassing the $104.92 resistance zone, which has historically acted as a dense area of sell-off. Solana’s attempts to breach this barrier were met with resistance multiple times, but its latest effort suggests a rally might be on the horizon. In recent sessions, Solana has been trading within a narrow band, maintaining its position above the $104 support mark, signaling a continued bullish outlook. 
<figure id="attachment_179983" aria-describedby="caption-attachment-179983" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/Solana-price-prediction-1-e1707750311647.png"><img decoding="async" class="size-large wp-image-179983" src="https://coingape.com/wp-content/uploads/2024/02/Solana-price-prediction-1-1224x643.png" alt="Solana price prediction" width="1224" height="643"></a>
 <figcaption id="caption-attachment-179983" class="wp-caption-text">
 Solana price prediction
 </figcaption>
</figure> 
Although the ascent has been gradual, SOL’s market capitalization stands strong at $45 billion, making it the fifth-largest digital currency by market cap as per <a rel="nofollow" href="https://coinmarketcap.com/currencies/solana/">Coinmarketcap</a>. The 24-hour trading volume has seen a rise of over 5%, reaching $1.54 million. This increase indicates a growing interest from investors, laying the groundwork for potential price movements in the near future. 
<a href="https://coingape.com/markets/solana-price-prediction-will-tvl-boost-sol-rally-120/">SOL</a> market outlook for February 2024 is painting a bullish picture, as the digital asset has been on an upward trajectory. Over the last week, the cryptocurrency has rallied impressively, marking a gain of over 10%. The price of Solana has oscillated between $109 and $104, touching the upper resistance at $109 before slipping back to the $104 support level. 
<h2 id="strong-solana-price-prediction-can-it-break-through-the-140-barrier-strong">Solana Price Prediction: Can It Break Through the $140 Barrier?</h2> 
Noted cryptocurrency analyst Crypto Tonny has shared a bullish prediction for Solana, hinting at a significant uptrend. Currently, Solana is trading around the pivotal $104 mark, indicating a strong and potentially bullish long-term stance. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USD</a> – Update 
 Long and strong above $104.00 legends <a href="https://t.co/kSnGkUFz3V">pic.twitter.com/kSnGkUFz3V</a> 
 — Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1756700367725707599?ref_src=twsrc%5Etfw">February 11, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<a href="https://coingape.com/markets/solana-price-prediction-how-sol-could-hit-140-after-breaking-100-barrier/">Solana</a> has recaptured the key $104 level on the technical front, setting the stage for further advancements. If the bullish momentum continues to hold above this level, a move towards the $120 mark could soon materialize, with the potential to surge to $140 if the upward pressure persists. On the flip side, failure to maintain this momentum could lead to a decline toward the $95 support level, a crucial buffer against further losses. 
<h2 id="strong-solana-s-technical-outlook-remains-strong-strong">Solana’s Technical Outlook Remains Strong</h2> 
The technical indicators for SOL display signs of optimism despite the short-term dip. The Moving Average Convergence Divergence (MACD) indicator is currently bullish, as evidenced by its line crossing above the signal line. This is further supported by a positive green histogram, suggesting an increase in buying activity. 
<figure id="attachment_179984" aria-describedby="caption-attachment-179984" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/SOLUSD_2024-02-12_17-53-27.png"><img decoding="async" class="size-full wp-image-179984" src="https://coingape.com/wp-content/uploads/2024/02/SOLUSD_2024-02-12_17-53-27.png" alt="Solana price prediction" width="1154" height="652" srcset="https://coingape.com/wp-content/uploads/2024/02/SOLUSD_2024-02-12_17-53-27.png 1154w, https://coingape.com/wp-content/uploads/2024/02/SOLUSD_2024-02-12_17-53-27-300x169.png 300w, https://coingape.com/wp-content/uploads/2024/02/SOLUSD_2024-02-12_17-53-27-768x434.png 768w, https://coingape.com/wp-content/uploads/2024/02/SOLUSD_2024-02-12_17-53-27-150x85.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-179984" class="wp-caption-text">
 Solana price chart: <a rel="nofollow" href="https://www.tradingview.com/x/qyZqrXBv/">Tradingview</a>
 </figcaption>
</figure> 
Moreover, the daily Relative Strength Index (RSI) is just above 60, signaling a neutral to slightly bullish market sentiment. The Chaikin Money Flow (CMF) index signals a positive trend with a reading of 0.13. Additionally, positioning the 20 Exponential Moving Average (EMA) above the 50-EMA reinforces the potential for future gains, bolstering the optimistic market outlook for Solana. 
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The post <a href="https://coingape.com/markets/solana-price-prediction-how-sol-could-swing-from-the-dips-after-a-bullish-week-above-104/">Solana Price Prediction: How SOL Could Swing From The Dips After A Bullish Week Above $104?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Solana Price Prediction: How SOL Could Swing From The Dips After A Bullish Week Above $104?

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