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 <h2 id="sol-price-on-the-move-to-30">SOL Price On The Move To $30</h2> 
 <p>Key indicators, especially short-term reveal that the path with the least resistance has finally flipped to the upside. Solana has since the beginning of September sustained a bullish outlook, bolstered by support at $18.</p>  
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 <p>However, the validity of the uptrend will depend on whether bulls can bring down the resistance at $20. Such a move would imply a stronger bullish grip reinforced by a buy signal from the Moving Average Convergence Divergence (MACD) indicator.</p> 
 <p>In that case, traders should be on the lookout for a bullish cross, with the blue MACD line flipping above the red signal line.</p> 
 <p>The Relative Strength Index (RSI), although not oversold in August is in the process of validating the ongoing rebound above $20.</p>  
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 <figure id="attachment_158425" aria-describedby="caption-attachment-158425" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-158425" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201233%20563'%3E%3C/svg%3E" alt="SOL price chart" width="1233" height="563" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 1233w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 300w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 1224w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 768w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 150w" data-lazy-sizes="(max-width: 1233px) 100vw, 1233px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp"> 
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   <img decoding="async" class="size-full wp-image-158425" src="https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp" alt="SOL price chart" width="1233" height="563" srcset="https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 1233w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 300w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 1224w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 768w, https://cdn.thebittimes.com/images/2023/09/04/b3cdcae53e7cca69606965689b9e9e1a.webp 150w" sizes="(max-width: 1233px) 100vw, 1233px"> 
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  <figcaption id="caption-attachment-158425" class="wp-caption-text">
    SOL/USD daily chart | Tradinview 
  </figcaption> 
 </figure> 
 <p>A break above $20 might not be enough to propel the&nbsp;Solana live price&nbsp;to $30, hence bulls must not rest until Solana holds above the next crucial hurdle at $23. If they manage to bring down this hurdle, traders can start booking profits at $25, $30, and later at $37.</p> 
 <h2 id="sol-price-flaunts-falling-wedge-pattern">SOL Price Flaunts Falling Wedge Pattern</h2>  
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 <p>A falling wedge pattern on the four-hour chart hints at a 12% breakout to $22.5, This pattern serves as hope that the downtrend is coming to an end and bulls are ready to take over. Two downward-slopping trendlines form this pattern, one connecting the series of lower highs and the other the lower lows.</p> 
 <p>As the trendlines converge, the trading volume drops. <a rel="noopener noreferrer nofollow" title="SOL price" href="https://thebittimes.com/tag/sol-price.html">SOL price</a> will mark the beginning of the uptrend by breaking above the resistance trendline before the lines converge. Buy orders are usually above the breakout point with the target representing the distance between the widest points of the pattern.</p> 
 <figure id="attachment_158424" aria-describedby="caption-attachment-158424" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-158424" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201233%20555'%3E%3C/svg%3E" alt="SOL price chart" width="1233" height="555" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 1233w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 300w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 1224w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 768w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 150w" data-lazy-sizes="(max-width: 1233px) 100vw, 1233px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp"> 
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   <img decoding="async" class="size-full wp-image-158424" src="https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp" alt="SOL price chart" width="1233" height="555" srcset="https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 1233w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 300w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 1224w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 768w, https://cdn.thebittimes.com/images/2023/09/04/99dd678ee934dd24bcaa91d41bc1b908.webp 150w" sizes="(max-width: 1233px) 100vw, 1233px"> 
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  <figcaption id="caption-attachment-158424" class="wp-caption-text">
    SOL/USD four-hour chart | Tradingview 
  </figcaption> 
 </figure> 
 <p>The MACD in the short-term chart already flipped bullish, calling on traders to fire up their buy orders. Notice the blue MACD line above the red signal line and the momentum indicator generally moving toward the mean line and the positive region.</p> 
 <p>If resistance at $20 holds in place,&nbsp;<a rel="noopener noreferrer nofollow" title="SOL price" href="https://thebittimes.com/tag/sol-price.html">SOL price</a> may remain vulnerable&nbsp;to seller influence. Support at $18 is expected to come in handy but there is the possibility of Solana sliding to $15 and testing post-FTX implosion support at $8.</p> 
 <h3 id="related-articles">Related Articles</h3> 
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</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sol-price-begins-bullish-climb-ahead-of-falling-wedge-pattern-tbt61442.html">https://thebittimes.com/sol-price-begins-bullish-climb-ahead-of-falling-wedge-pattern-tbt61442.html</a></p>

SOL Price Begins Bullish Climb Ahead Of Falling Wedge Pattern

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