bullish

Solana

Show

Resistance

Gains

<p><a href="https://captainaltcoin.com/this-crypto-trader-warns-solana-holders-sol-price-correction-towards-80-cannot-be-ruled-out/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> is currently showing positive momentum after a brief consolidation phase. According to market updates from analysts, the token is eyeing a potential breakout.&nbsp;</p>
<p>This breakout could see SOL challenge previous ATH and maybe surpass it. However, the market remains cautious, as key resistance and support levels may dictate its next moves.</p>
<h3 class="wp-block-heading" id="strong-solana-s-price-movements-strong"><strong>Solana’s Price Movements</strong></h3>
<p>At present, <a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">Solana trades around $131.92</a>, with a slight increase of 0.18% in the last day, as per CoinGecko. According to crypto analyst @Disaster_whale, the price dipped to $128.91 but has bounced back, hovering just below its short-term resistance at $134.40. If this resistance is broken, bulls could propel the price towards new highs.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> totally in Consolidation phase .. Really Fluctuations happened ..<a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> /USDT Alert..<a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@solana</a> is making waves at $131.64, showing a slight upward bounce of +0.09%. A recent dip to $128.91 marked the bottom, but now it’s gearing up for a potential surge, challenging a… <a href="https://t.co/O6kEonMd5S" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/O6kEonMd5S</a></p>— Disaster <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f304.png" alt="🌄" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Disaster_whale) <a href="https://twitter.com/Disaster_whale/status/1835907773009399921?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 17, 2024</a>
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<p>Moreover, the analyst&nbsp;emphasized that Solana is in a consolidation phase but has shown some shifts. The token’s performance will largely depend on its ability to break through the $134.40 mark. A failure to hold above $130.65 could lead to a bearish trend, signaling a potential downside.</p>
<h3 class="wp-block-heading" id="strong-key-support-levels-identified-strong"><strong>Key Support Levels Identified</strong></h3>
<p>In another update, Patric H. from CryptelligenceX shared insights on Solana’s critical support and resistance areas. The analyst <a href="https://x.com/CryptelligenceX/status/1835908154334331253" target="_blank" rel="noopener noreferrer nofollow">pinpointed a strong support zone</a> between $125 and $118, which has held firm during recent market corrections.&nbsp;</p>
<p>He described this as an important buying area, provided the price doesn’t fall below $118, which would invalidate the support level. Should the price dip further, additional support exists in the $107-$99 range, aligned with the 1-week EMA100.&nbsp;</p>
<p>This region would likely serve as a key buffer in the event of a more substantial decline. However, any movement below this level could indicate a deeper bearish trend.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/warning-bitcoin-price-could-hit-80k-sooner-than-you-think-heres-how/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Warning: Bitcoin Price Could Hit $80k Sooner Than You Think – Here’s How!</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-resistance-levels-to-watch-strong"><strong>Resistance Levels to Watch</strong></h3>
<p>On the upside, Patric H. highlighted the $162 resistance level as a crucial barrier. Breaking above this mark would signal stronger bullish momentum and the possibility of further gains.&nbsp;</p>
<p>He noted that while Solana’s chart is favorable compared to Ethereum, traders must be keen, as the market remains volatile.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-sol-bulls-could-charge-toward-new-ath-but-theres-a-catch/" rel="noopener noreferrer nofollow">Solana (SOL) Bulls Could Charge Toward New ATH, But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana (SOL) Bulls Could Charge Toward New ATH, But There’s a Catch

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