Satoshi

Rally

Solana

Show

RebelSatoshi

<p>Amidst the resurgence of memecoin mania, SOL experienced a significant surge, with bulls mustering all their strength to keep the value above $180. However, the growing bearish sentiment ultimately caused a notable pullback, leaving the <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL price</a> consolidating within a narrow range of $163 to $172. This tight consolidation has sparked speculation about a potential large move on the horizon.</p>
<p>According to<a href="https://www.tradingview.com/chart/SOLUSDT/EHMkjvhX-Solana-SOL-Will-it-Rebound-Back-to-170-or-Slip-Down-to-150/" target="_blank" rel="noopener noreferrer nofollow"> Paul Endeo, an analyst on TradingView</a>, the memecoin craze injected momentum into Solana’s price. As the bulls fought to maintain the value above the crucial $180 level, the bears gained traction, causing a pullback. Despite this volatility, Endeo notes that the current trade setup suggests the bulls are maintaining a tight grip on the rally, hinting at a higher possibility of reclaiming the $180 mark in the early days of June.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="399" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-1024x399.png" alt="" class="wp-image-501478" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-1024x399.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-300x117.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-767x299.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-1536x599.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-2048x799.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-385x150.png 385w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-100x39.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-897x350.png 897w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14-788x307.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-14.png 1605w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Technical Analysis Hints at Potential Upswing</strong></p>
<p>Endeo’s analysis delves into the technical indicators, painting a promising picture for Solana’s price trajectory. The Gaussian channel has recently turned green, signaling the potential beginning of an upswing. Moreover, the stochastic RSI has reached the lower threshold, potentially setting the stage for a rebound and bolstering the bullish claim.</p>
<h2 class="wp-block-heading" id="solana-s-symmetrical-triangle-a-decisive-moment">Solana’s Symmetrical Triangle: A Decisive Moment</h2>
<p>Notably, the SOL price continues to trade within a symmetrical triangle pattern, consolidating above the local support zone of $155 and $160. This tight accumulation is a result of equal participation from bulls and bears, suggesting that a significant price movement could be imminent.</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">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </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><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></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>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/ondo-finance-ondo-sees-bullish-trend-with-key-partnerships-expert-predicts-rally-to-these-next-targets/" target="_blank" rel="noopener noreferrer nofollow">Ondo Finance (ONDO) Sees Bullish Trend with Key Partnerships: Expert Predicts Rally to These Next Targets</a></em></strong></p>
<p>Endeo’s assessment indicates that Solana’s price remains within bullish influence, and a bullish breakout above $175 could be expected as the second half of 2024 commences. However, the crypto markets are known for their unpredictability, leaving investors to ponder whether this potential breakout will indeed materialize or if it’s a bear trap in disguise.</p>
<p><em><strong>Join <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="aethir" href="https://captainaltcoin.com/go/aethir/" data-shortcode="true">Aethir’s exclusive airdrop</a> and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<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="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" 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-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</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="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/solana-price-faces-uncertainty-rebound-to-170-or-slip-to-150-heres-what-sol-indicators-reveal/" rel="noopener noreferrer nofollow">Solana Price Faces Uncertainty: Rebound to $170 or Slip to $150? Here’s What SOL Indicators Reveal</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Price Faces Uncertainty: Rebound to $170 or Slip to $150? Here’s What SOL Indicators Reveal

Table of Contents

CaptainAltcoin

Other articles published on Jun 1, 2024

Innocent Trump (INOTRUMP) to Explode 12,000% as KuCoin Listing Announced, While Shiba Inu and Dog...

Santiment Identifies Bitcoin’s Potential Bullish Signals

Lightspark’s Jai Massari Criticizes Bidens SAB 121 Veto

Analyst Predicts a Dull Summer for Bitcoin

150,000,000 IBSToken successfully burned.

Binance Burns 1.35 Billion LUNC Tokens

Join our free newsletter for daily crypto updates!