Convergence

Solana

Verge

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/solana-price-hints-a-bullish-surge-sol-price-to-reclaim-180/" rel="noopener noreferrer nofollow">Solana Price Hints A Bullish Surge! SOL Price To Reclaim $180?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Despite concluding the previous week on a bullish note, the cryptocurrency market has started the second week of July on a bearish note. Further, the market leader, Bitcoin price, has experienced a strong pullback close to its $56,000 range.</p>
<p>On the other hand, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SOL price</a> has displayed a similar price action by recording a significant correction in its respective portfolio. With the rising price volatility in the crypto space, will Solana price record a bullish reversal this week or plunge toward its new low?</p>
<h2 class="wp-block-heading" id="h-sol-price-on-the-verge-of-testing-its-crucial-support-zone">SOL Price On The Verge Of Testing Its Crucial Support Zone!</h2>
<p>Following, the ongoing cross-border market correction, the <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana price</a> has lost 4.61% in valuation within the past 24 hours with a trading volume of $2.265 Billion, a change of +9.53%. Further, it has plunged 10.48% during the past week and 18.90% over the past 30 days.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcW3EYq2qwJrVN3g6MzmJAKiWcAOpib-xo3p3x_6O-SK1PfznG3yflratt4WY_-XvDCey3266nluM2FucIRUXx6Y2A66uVDgGlrKB9J9Oskg5kQZWGFbf2aXFM0wE2PZzuotQU24KYITDZ0YIG4VVw17vyt?key=IhUTvLziluTXrK5m0GOp2A" alt="Solana Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: SOL/USDT
 </figcaption>
</figure>
<p>The Solana price has been trading within a closed range since mid-April, indicating a weak price action for the altcoin in the crypto market. Moreover, the SOL price has formed a resistance zone above its resistance level of $155, highlighting a strong selling point at that level.</p>
<p>However, strong buying pressure has also formed close to its crucial support trendline around the $120 level, indicating a high possibility of a bullish reversal for the Solana price at that point.</p>
<h2 class="wp-block-heading" id="h-solana-sol-market-sentiments">Solana (SOL) Market Sentiments:</h2>
<p>The Moving Average Convergence Divergence (MACD) displays a constant flatline in the price chart, highlighting weak buying and selling pressure for the SOL crypto. Further, the averages record a neutral trend, suggesting uncertainty in future price action.</p>
<p>On the other hand, the EMA 50-day constantly acts as a resistance to the Solana price chart in the 1D time frame. Whereas, the EMA 200-day acts as a crucial support. This indicates a mixed price sentiment for the altcoin in the crypto market.</p>
<h2 class="wp-block-heading" id="h-is-solana-price-expected-to-go-up">Is Solana Price Expected To Go Up?</h2>
<p>If the market holds the SOL coin price above its crucial support level of $127, the bulls will regain momentum and head toward its resistance level of $155. Maintaining the price at that level will set the stage for Solana price to attempt to test its upper resistance level of $181.50 this month.</p>
<p>However, if the bears continue to dominate the market, the SOL crypto will plunge toward its crucial support level of $127.00. Moreover, if the bulls fail to hold the price at that level, it will prepare to test its low of $100 during the upcoming weeks.</p>

Solana Price Hints A Bullish Surge! SOL Price To Reclaim $180?

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