Solana

Elite

Sherpa

Resistance

<p>Top analyst Altcoin Sherpa has offered insights on <a href="https://captainaltcoin.com/3-solana-price-predictions-from-top-crypto-whales/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a>, predicting potential price movements based on key levels. He suggests that if SOL breaks the $165 resistance, it could likely rise to $190 shortly.&nbsp;</p>
<p>Furthermore, Sherpa views the $120-$150 range as a prime zone for investors to accumulate SOL, emphasizing its potential for a bounce between $135-$140. His analysis counters the common skeptic’s view that price directions remain uncertain post-breakout, highlighting his confidence based on active trading strategies.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> I think that $135-140 should bounce.<br><br>All the morons say 'so it could go up or down' after a break of $165 but they don't trade. <br><br>A break of 165 would mean price prob goes to 190 in the short term. I still think 120-150 is a good place to accumulate SOL personally <a href="https://t.co/Xqp2TWriMy" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Xqp2TWriMy</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1828752316998222198?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-sol-s-critical-accumulation-zone-strong"><strong>SOL’s Critical Accumulation Zone</strong></h2>
<p>Altcoin Sherpa’s analysis highlights the importance of the $120-$150 price range for Solana. He views this zone as a strong support area where accumulation is likely to occur.&nbsp;</p>
<p>This range has historically served as a stopgap during downtrends, offering a base that might stop additional drops. If SOL retraces to these levels, this range offers a possible buying opportunity for traders wishing to enter the market or enhance their holdings.</p>
<p>Sherpa suggests that as long as <a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">SOL remains within this accumulation zone</a>, there’s potential for a rebound. This makes the $120-$150 range a critical area to watch, as it could serve as a launching pad for the next upward movement if broader market conditions improve.</p>
<h2 class="wp-block-heading" id="strong-resistance-at-165-the-gateway-to-higher-prices-strong"><strong>Resistance at $165: The Gateway to Higher Prices</strong></h2>
<p>On the flip side, Sherpa identifies $165 as a crucial resistance level that SOL must overcome to resume its upward trajectory. A break over this level, in his opinion, would open the door for a surge towards $190.&nbsp;</p>
<p>There have been several tests of this resistance level, and a successful breakout would indicate bullish momentum. This will potentially attract more buyers and pushing the price higher.</p>
<p>However, Sherpa warns that failing to break through this resistance could result in SOL revisiting the lower support levels. Moreover, the $165 mark is a psychological barrier and a technical one, where the market’s direction could hinge on whether SOL can sustain a move above it.</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">
   Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
  </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>Meet <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong>PandaWorld</strong></a>, the new meme coin currently selling at <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong><em>discounted presale prices</em></strong></a>! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.</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: </em></strong><a href="https://captainaltcoin.com/heres-why-aave-price-pumped-35-this-week/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Trader Warns of Over 65% XRP Price Crash – Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-solana-s-key-support-strong"><strong>Solana’s Key Support</strong></h2>
<p>The importance of the 200-day MA in offering dynamic support for SOL is highlighted by Sherpa’s analysis. Since this moving average is often employed as a long-term trend indicator, traders are closely monitoring it as a key level.</p>
<p>Besides, if SOL remains above the MA despite brief oscillations, it can suggest that the crypto is still on an overall upward trend.</p>
<p>However, a sustained drop below the 200-day MA could indicate a change in course, thus the course of the next few trading sessions will be critical in determining SOL’s longer-term trajectory.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" 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-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/elite-crypto-trader-predicts-solana-price-to-hit-190-heres-sol-accumulation-zone/" rel="noopener noreferrer nofollow">Elite Crypto Trader Predicts Solana Price to Hit $190 – Here’s SOL Accumulation Zone</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Elite Crypto Trader Predicts Solana Price to Hit $190 – Here’s SOL Accumulation Zone

Table of Contents

CaptainAltcoin

Other articles published on Aug 28, 2024

Aussies lost $122 million to crypto scams in the last 12 months: AFP

Rock meme coin rockets on Justin Sun speculation

BlockDAG’s Presale Surges to $68M, Beats BNB & ICP to the Top Crypto to Buy Title

OpenSea Raises Eyebrows with Ripple Snub

Toncoin Faces Potential Selloff Amid Major Blockchain Outage and Recovery

White Hat SEAL Team Surpasses 900 Crypto Hack Investigations

Join our free newsletter for daily crypto updates!