Solana

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-shows-signs-of-a-potential-price-surge/" data-wpel-link="internal">Solana Shows Signs of a Potential Price Surge</a> 
Leading altcoins like <a href="https://en.coin-turk.com/solana-mobile-2-attracts-thousands-of-pre-orders/" data-wpel-link="internal">Solana</a> (SOL) have embarked on an impressive upward journey, climbing from single-digit <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">prices</a> to a temporary peak of $200. Despite recent downward pressure, SOL’s price is striving to re-enter the upward range. Current technical indicators suggest a potential upward trend reaching $150 within the next few hours. However, the strength of the bulls is under scrutiny, causing doubts about immediate price movements. 
<h2 style="text-align: justify" id="strong-solana-s-current-outlook-strong">Solana’s Current Outlook</h2> 
From a broader perspective, Solana’s price appears to be preparing for a significant upward movement. The formation of a bullish pattern indicates that a major price move is imminent. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367193" src="https://coin-turk.com/wp-content/uploads/2024/07/Solana-SOL-Analiz.png" alt="" width="1600" height="773"> 
However, short-term obstacles exist and may potentially delay the breakout. As bulls approach critical resistance levels, their momentum weakens, increasing the likelihood of a minor pullback. 
Currently, the critical technical question is whether SOL will drop below $145. Despite frequent interruptions in bearish activity, Solana has shown resilience, and the reduction in selling pressure indicates a renewed potential for an upward trend. Previously trading within an expanding, rising channel, SOL struggled to maintain its support, but recent signs suggest that bulls are regaining strength and may push the price back into the upward range by the weekend. 
<h2 style="text-align: justify" id="strong-technical-indicators-signal-bullish-trend-strong">Technical Indicators Signal Bullish Trend</h2> 
Technical indicators like the Relative Strength Index (RSI) and the Directional Movement Index (DMI) show positive signs. While the RSI is trending upward, DMI levels are narrowing, indicating a significant move is likely. Although buying volume is not yet at the desired level, it still favors the bulls. If SOL stays above the local support at $144 and breaks the resistance at $151, a new upward wave could push the price towards $160. 
To reach these levels, bulls need to challenge the bears. If buyers can show strength, the price could rise to around $173 and potentially pave the way to $185. Successfully overcoming these obstacles could carry SOL to $200, provided the bulls maintain their momentum. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-shows-signs-of-a-potential-price-surge/" data-wpel-link="internal">Solana Shows Signs of a Potential Price Surge</a></h5>

Solana Shows Signs of a Potential Price Surge

Spis treści

COINTURK NEWS

Inne artykuły opublikowane 2 lip 2024

Spot Ethereum ETFs Could Take In Up To $15B In 2024: Gemini Research

Silvergate Bank Settles with SEC over Virtual Currency Compliance Issues

Can WIF smash through $2.5 soon? 35% weekly gain fuels optimism

Bitcoin Volatility Peaks on June 30 as Traders Anticipate Significant Price Moves

TapSwap Airdrop and Token Launch Airdrop Delayed to Q3 2024: What It Means for Users

Ethereum Accelerates Transactions with SSF: Vitalik Buterin Unveils Game-Changing Upgrade

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!