Solana

Bitcoin

<a href="https://cryptoticker.io/en/token/SOL">Solana (SOL)</a> has been capturing attention with its recent price movements, suggesting a potential bullish trend. With a combination of technical indicators and expert analysis, SOL price could be on the brink of significant gains, aiming to new highs and a 100% surge in its performance for 2024.
<img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_Overall_Performance_0b50e0c098.png" alt="By TradingView - SOL Overall Performance">
<h2 id="strong-solana-price-analysis-strong">Solana Price Analysis</h2>
<a href="https://www.bitget.com/spot/SOLUSD?vipCode=94qs">Solana price</a> started a fresh increase from the $165 support zone. Currently trading near $175 and the 100-hourly simple moving average, SOL price shows signs of strength. There was a break above a bearish trend line with resistance at $170 on the hourly chart, indicating further potential gains if the $182.50 resistance level is cleared.
After a downside correction from $182.51 to $165.12, SOL broke above several resistance levels, including $170 and $172. The price is now approaching the 61.8% Fib retracement level of the mentioned downward move. Major resistance is currently at $175, with significant levels at $182.50 and $192. A successful breach of <a href="https://cryptoticker.io/en/solana-price-prediction-surpass-180-mark-next-200">these levels could propel SOL towards the $200 mark</a>.
<img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/SOLUSD_2024_07_26_af2a600211.png" alt="By TradingView - SOLUSD_2024-07-26">
If SOL fails to surpass the $182.50 resistance, it could initiate another decline. Initial support is around $172, with major support at $170. A break below this level might lead to a drop towards $165, and further down to $155 if bearish momentum continues.
<h2 id="strong-solana-price-prediction-strong">Solana Price Prediction</h2>
Despite the optimistic forecast, the current market sentiment is mixed. <a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958">Solana price</a> recorded a 9.70% drop this week, and indicators like the Fisher Transform suggest a bearish outlook. However, the long-term view remains positive, with potential for substantial gains as market conditions improve.
Current data presents a more cautious short-term outlook, with Solana trading 14% below its projected value for the next month. However, the three-month forecast suggests a 4.37% increase, and the six-month outlook shows a 72% rise. Over the next year, Solana is expected to appreciate by 55%, reflecting overall confidence in its growth and adoption.
With these mixed signals, the collected overall data can't be ignored. All performance indicators for Solana price suggest a bullish trend ahead, closely similar moves seem like Bitcoin. And going over the past days, <a href="https://cryptoticker.io/en/token/SOL">SOL price</a> kept its price trading over $165 despite the market's recent drop, which adds optimism to the expected bullish trend.
<img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_BUY_SELL_Indicators_c68469023d.png" alt="By TradingView - SOL BUY-SELL Indicators"> If the <a href="https://www.bitget.com/spot/SOLUSD?vipCode=94qs">SOL price</a> manages to break the $182 resistance levels, then new highs can be expected, as also suggested in several previous predictions for Solana price. Finally, as the <a href="https://cryptoticker.io/en/bitcoin-price-prediction-following-trump-speech-at-btc-conference">Bitcoin price could highly be influenced by tomorrow's anticipated Trump speech</a>, traders are more anticipating the impact on Altcoins as well. So investors and traders must keep a close eye on the developments in the market to catch the best investment opportunities ahead.
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_Price_Performance_24h_76c8e12aa8.png" alt="By TradingView - SOL Price Performance (24h)">
</figure>
<a href="https://cryptoticker.io/en/solana-price-prediction-will-solana-price-keep-the-bullish-momentum">Solana's price movements and technical indicators point to a potential bullish trend</a>, supported by expert analysis and pattern recognition. While short-term market conditions remain uncertain, the long-term outlook for SOL price is optimistic, with substantial gains anticipated, with a potential to register a 100% increase in its YTD performance if it could break the $200 mark.

Solana Price Prediction: SOL Price Aims To 100% Surge

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