Solana

Billion

Coin

<p>The post <a href="https://coinpedia.org/price-analysis/solana-price-regains-power-above-its-crucial-support-sol-price-to-retest-150-soon/" rel="noopener noreferrer nofollow">Solana Price Regains Power Above Its Crucial Support! SOL Price To Retest $150 Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>After trading under a bearish sentiment for a brief period, the Solana price has recorded a strong bullish jump of approximately 10% within the past few hours, indicating increased price action for the altcoin in the cryptocurrency space.</p>
<p>Moreover, with the rising volatility in the market, will the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SOL price</a> record a bullish price action and head toward its upper levels or plunge toward its crucial support level of $100 in the coming time?</p>
<h2 class="wp-block-heading" id="h-sol-coin-price-forms-an-inverted-cup-and-handle-pattern">SOL Coin Price Forms An Inverted Cup And Handle Pattern:</h2>
<p>Once the 4th largest cryptocurrency by market capitalization, the <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana price</a> has erased over $22 Billion from its valuation over the past few weeks. Further, the altcoin is currently hovering close to its crucial support level, the outcome of which is unpredictable.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeb7V-cnwMMha6FqX-NscKHdYW-Ghnc_m2qncRt85G9QLZ45zDl8I35v99BL5xJjXb2y_gsopwknzT_3WPM9QDTZYNSXV8_WNCsIWi41T6ACAuHL5AGjolQ4A4-hho5RREbbudizq4Q8U3lFlBlJQYeL90?key=NZcOgWzvrqWYmSw4ZbvUrA" alt="Solana Price Analysis">
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  TradingView: SOL/USDT
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</figure>
<p>Positively, the SOL price has leveled out its loss from the previous week by adding 9.39% to its portfolio within the last 24 hours with a surge of 122.26% in its trading volume. However, it has recorded a correction of 19.76% in valuation over the past 30 days.</p>
<p>Furthermore, with its recent jump, the Solana coin has formed an inverted cup and handle pattern in its price chart, indicating a rising bearish sentiment for the altcoin in the crypto market.</p>
<h2 class="wp-block-heading" id="h-solana-sol-market-sentiments">Solana (SOL) Market Sentiments:</h2>
<p>The Simple Moving Average (SMA) is on the verge of recording a positive crossover in the 1D time frame, suggesting increased price action for the altcoin in the crypto space.</p>
<p>On the other hand, the MACD shows a constant decline in the red histogram, indicating a stronger buying-over-selling pressure for the Solana crypto. Furthermore, the averages display a potential bullish convergence, highlighting the SOL token price may continue gaining value this week.</p>
<h2 class="wp-block-heading" id="h-will-the-sol-price-go-up-again">Will The SOL Price Go Up Again?</h2>
<p>If the crypto market experiences a bullish reversal, the Solana price will gain momentum and test its resistance level of $155. Maintaining the price at that level will set the stage for the SOL coin price to head toward its upper resistance level of $181.50 in the coming time.</p>
<p>On the flip side, if the bears overpowered the bulls, the Solana token will retest its important support level of $127. Moreover, if the bulls fail to hold the price at that level, this altcoin will further plunge and test its low of $100 during the upcoming weeks.</p>

Solana Price Regains Power Above Its Crucial Support! SOL Price To Retest $150 Soon?

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