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<ul class="news-points"> 
 <li>SOL ran past the resistance around $56, with the RSI indicating more upside for the token.</li> 
 <li>If Solana continues to attract institutional capital, SOL may hit a new yearly high.&nbsp;</li> 
 <li>If profit-taking begins before $60, the $53.93 support may prevent SOL from a nosedive.</li> 
</ul> 
<a href="https://coinedition.com/solana-sol-and-cardano-ada-face-uncertainty-as-prices-retrace/">Solana (SOL)</a> tapped $58.47 again after the altcoin followed the upward direction of the broader market on November 28. This increase could be attributed to <a href="https://coinedition.com/analysts-debate-bitcoins-next-move-bullish-surge-or-bearish/">Bitcoin’s (BTC)</a> initial jump above $38,000 on the same day. 
While Bitcoin has retraced from the said value, SOL was once again the top gainer out of all the top 10 cryptocurrencies as per market value. According to the SOL/USD 4-hour chart, the cryptocurrency was able to flip the $53.93 support. 
However, during its upward run, SOL faced a barrier at $56.31. But with bulls in control of the market, SOL was able to beat the resistance while eyeing a fresh weekly high. Indicators like the Relative Strength Index (RSI) signal a potential for more upside. 
<h2 class="wp-block-heading" id="h-bulls-send-bears-into-extinction">Bulls Send Bears Into Extinction</h2> 
At press time, the RSI was 60.22. This reading was largely above the neutral 50.00 point, indicating a clear <a href="https://coinedition.com/solanas-usdc-volume-hits-850-billion-to-give-sol-a-push/">bullish</a> momentum for SOL. Should this buying m…
The post <a href="https://coinedition.com/solana-sol-eyes-a-60-retest-but-heres-what-it-requires/">Solana (SOL) Eyes a $60 Retest But Here’s What It Requires</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Solana (SOL) Eyes a $60 Retest But Here’s What It Requires

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