Rally

Solana

Test

Bitcoin

Resistance

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. 
<ul> 
 <li>SOL price started a fresh increase from the $138 support against the US Dollar.</li> 
 <li>The price is now trading above $150 and the 100 simple moving average (4 hours).</li> 
 <li>There is a connecting bullish trend line forming with support at $140 on the 4-hour chart of the SOL/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to rally if it clears the $156 and $162 resistance levels.</li> 
</ul> 
<h2 id="solana-price-starts-fresh-rally">Solana Price Starts Fresh Rally</h2> 
Solana price formed a base above the $130 support zone and recently started a fresh increase. There was a decent increase above the $135 and $145 levels. 
The price is up nearly 10% and there was a move above the $150 level, like <a href="https://www.newsbtc.com/analysis/eth/bitcoin-price-resumes-rally-75k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-uptrend-4300/" target="_blank" rel="noopener ">Ethereum</a>. The bulls pushed the price above the 76.4% Fib retracement level of the downward move from the $152.86 swing high to the $137.25 low. 
Solana is now trading above $150 and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support at $140 on the 4-hour chart of the SOL/USD pair. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-597395" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461" alt="SOL Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/Solana.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/SOLUSD/" target="_blank" rel="noopener nofollow">SOLUSD on TradingView.com</a> 
Immediate resistance is near the $156.50 level. The next major resistance is near the $162.50 level or the 1.618 Fib extension level of the downward move from the $152.86 swing high to the $137.25 low. A successful close above the $162.50 resistance could set the pace for another major increase. The next key resistance is near $175. Any more gains might send the price toward the $180 level. 
<h2 id="are-dips-limited-in-sol">Are Dips Limited in SOL?</h2> 
If SOL fails to rally above the $162.50 resistance, it could start a downside correction. Initial support on the downside is near the $150 level. 
The first major support is near the $142.00 level, below which the price could test $138.00 and the trend line. If there is a close below the $138.00 support, the price could decline toward the $128.00 support or the 100 simple moving average (4 hours) in the near term. 
Technical Indicators 
4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. 
Major Support Levels – $152.80, and $162.50. 
Major Resistance Levels – $150, $142, and $138.

SOL Price Breaks $150 – Why Solana Could Soon Test $180

目錄

NewsBTC

在 2024年3月12日發表的其他文章

Bitcoin Cash (BCH) Whale Picks DeeStream (DST) Over Frog Wif Hat (FWIF) Amid USD Coin (USDC) & Da...

XRP whale activity explodes, sell signal emerges

Lynex, Breathing Second-Wind into ve(3,3) DEX Model (12 Mar)

Bitcoin Fog Operator Found Guilty of Laundering Millions

Blockchain Innovator Digital Asset Triumphs in Canton Network Pilot

Claims and Verification Process for the Nibiru Airdrops and Community Sale

訂閱免費電子報，每天收取加密貨幣最新動態！