Based

Satoshi

Solana

April

Coin

<p>The market is showing signs of recovery today after a sluggish start to the week. Among the <a href="https://captainaltcoin.com/best-altcoins/" target="_blank">top altcoins</a> experiencing a surge, Solana (SOL) stands out with a 9% increase in the last 24 hours. </p> 
<p>Currently trading above $136, <a href="https://coinmarketcap.com/currencies/solana/" target="_blank">SOL’s price movement</a> has caught the attention of many crypto traders, including myself.</p> 
<h2 class="wp-block-heading" id="solana-price-analysis">Solana Price Analysis</h2> 
<p>SOL has demonstrated resilience by maintaining crucial support around the $126 level this week. This support zone has proven significant, as the price bounced back from similar levels in mid and late April when the market was in a downturn.</p> 
<p>As of writing, SOL is trading at approximately $136.3, representing a 9% gain over the past day. This upward movement is particularly interesting when we examine the larger time frame.</p> 
<p>Zooming out on the SOL chart reveals that the price has been trading within an ascending triangle pattern since last October when SOL was below $20. This pattern suggests a potential continuation of the upward trend.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="413" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-1024x413.png" alt="" class="wp-image-514574" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-1024x413.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-300x121.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-767x309.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-1536x619.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-2048x825.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-372x150.png 372w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-869x350.png 869w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932-788x317.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-932.png 1782w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Currently, SOL is approaching the B wave of this triangle formation. Based on this pattern, the next price target could be in the $150 area. This level aligns with the upper boundary of the ascending triangle and could act as a resistance zone.</p> 
<p>It’s worth noting that the 200-day moving average is still below the current SOL price, sitting at around $133. This indicates that SOL is trading above its long-term average, which is generally considered a bullish signal.</p> 
<p>The Relative Strength Index (RSI) is currently at 58, suggesting moderate buying pressure. While not in overbought territory, this level indicates growing momentum in SOL’s favor.</p> 
<p>Interestingly, just this morning, the MACD (Moving Average Convergence Divergence) line crossed above the MACD signal line. This crossover is a bullish signal and it indicates the start of a new uptrend or the continuation of the existing one.</p> 
<p><em><strong>Read also: <a href="https://captainaltcoin.com/bitcoin-price-analysis-is-btc-set-for-a-bullish-reversal-or-further-decline-key-levels-to-watch/" target="_blank">Bitcoin Price Analysis: Is BTC Set for a Bullish Reversal or Further Decline? Key Levels to Watch</a></strong></em></p> 
<h2 class="wp-block-heading" id="sol-price-prediction">SOL Price Prediction</h2> 
<p>Based on the technical analysis and price action observed, we can make some educated guesses about SOL price forecast:</p> 
<ol> 
 <li>The $150 area appears to be within reach this summer, aligning with the upper boundary of the ascending triangle pattern.</li> 
 <li>The $126-128 zone needs to continue acting as strong support. If this level is breached, it could spell trouble for SOL holders and potentially lead to a deeper correction.</li> 
 <li>A more ambitious price target of $200 exists, but reaching this level will be challenging unless the overall crypto market experiences a significant boom. It’s important to remember that the price was rejected at this level on April 1st following a strong performance in March.</li> 
</ol> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>As we’ve seen, Solana’s recent price surge is leading altcoin recovery today.</p> 
<p>But let’s face it – trying to predict crypto prices is like trying to guess what a cat will do next. One minute SOL’s purring contentedly at $136, the next it might be clawing its way to $150 or taking a nap back at $126.</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="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="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>So, what’s an investor to do? Keep your eyes open, your wits sharp, and make sure to follow useful analysis like we provided in this article.</p> 
<p>One thing’s for sure – SOL price movement won’t be boring in the second part of this year. So grab your popcorn, do your homework, and enjoy the show. Just remember, in the world of crypto, the only certainty is uncertainty. And isn’t that half the fun?</p> 
<p><em><strong>Join <a class="thirstylink" rel="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="nofollow sponsored"> <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-nofollow-sponsored-span-check-recq-meme-coin-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <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="nofollow sponsored"> 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/where-the-solana-sol-price-is-headed-next/">Where The Solana (SOL) Price Is Headed Next</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Where The Solana (SOL) Price Is Headed Next

Table of Contents

CaptainAltcoin

Other articles published on Jun 25, 2024

EU Targets Crypto Providers in 14th Sanctions Package Against Russia

BlockDAG Sparks Excitement with $2 Million Giveaway Amid Meme Coin Meltdown Of PEPE and FLOKI

Bybit Report: Bitcoin Crushes Stablecoins!

Shiba Inu’s Price Drop Unveils Flag Pattern: Will Bulls Reclaim Momentum?

If Bitcoin (BTC) Drops Below $57,000, These 3 Things Will Happen

Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why

Join our free newsletter for daily crypto updates!