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{"id":498514,"date":"2022-08-12T11:30:52","date_gmt":"2022-08-12T11:30:52","guid":{"rendered":"https:\/\/wncen.com\/?p=498514"},"modified":"2022-08-12T09:36:00","modified_gmt":"2022-08-12T09:36:00","slug":"sol-makes-another-shot-at-44-after-two-failed-attempts-this-week","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/sol-makes-another-shot-at-44-after-two-failed-attempts-this-week\/","title":{"rendered":"SOL Makes Another Shot At $44, After Two Failed Attempts This Week"},"content":{"rendered":"

Solana (SOL) bulls are determined to push the price of the coin higher and breach the $44 level.<\/span><\/p>\n

The daily chart\u2019s ascending triangle pattern hits massive gains in the coming days.<\/span><\/li>\n<\/ul>\n

Solana is trying to make that great comeback again after it has tried and failed twice to breach the $44 level.\u00a0\u00a0<\/span><\/p>\n

SOL Currently Stuck At $43<\/b><\/h2>\n
According to CoinMarketCap, Solana has dropped by 2.30% and is trading at $43.41 as of this writing. The bulls are determined to push the price and reach $44 or higher. SOL is rallying around the $44 key resistance zone today and it looks like it just needs a little push to get there.<\/span><\/p>\n
Now, if the buyers fail to maintain the current momentum, then this could be the coin\u2019s third failed attempt to breach the target level. At this point, the key support level is found at $40.<\/span><\/p>\n
Solana is observed to have impressive trading volume but the buyers need to keep that momentum going. RSI continues to hover above 50 points.\u00a0 Now, if the coin manages to stay at this target range then SOL has a good probability to breach the resistance.<\/span><\/p>\n
Moreover, MACD has formed a bullish cross pattern today which looks enticing for many buyers but it\u2019s still rather premature to make a call.<\/span><\/p>\n
Related Reading: SOL Fails To Notch New 60-Day Peak, Despite Recent Advances<\/a><\/div>\n
Fake Breakout For SOL?<\/b><\/h2>\n
In case SOL\u2019s price hovers above $44, history tells us that this can just be a fake breakout. So, here\u2019s what happens: if SOL fails to cross over the key resistance, then the bears may take over and trigger SOL\u2019s downfall to $40.<\/span><\/p>\n
On the other hand, if SOL can successfully breach the critical resistance level, then SOL has the potential to shoot for $60; but this is wishful thinking at this point in time.<\/span><\/p>\n
The price of the SOL\/USD pair bounced back on Thursday peaking at $45.07 as impacted by the recent US consumer data on inflation.\u00a0 It is said to be the highest price point reached by SOL this year since July 30. Conversely, the aforesaid price is dubbed to be 71% higher than the lowest level registered in June summing up the total market cap to roughly $15.40 billion.<\/span><\/p>\n
Notably, Solana was able to reach this goal because of its robust market share in NFT and DeFi as it currently hosts around 75 DeFi projects with a combined TVL of $1.98 billion. With the current figures, SOL is undoubtedly one of the strongest cryptos as it ranks as the fifth largest platform alongside Avalanche, Ethereum, Tron, and BNB.<\/span><\/p>\n
<\/p>\n
SOL total market cap at $15.1 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from The Independent, Chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Solana (SOL) bulls are determined to push the price of the coin higher and breach the $44 level. Solana price has shown strong bullish movement; support found at $40. Coin has peaked by more than 70% in comparison to its lowest level in 2021. The daily chart\u2019s ascending triangle pattern hits massive gains in the coming days. Solana is trying to make that great comeback again after it has tried and failed twice to breach the $44 level.\u00a0\u00a0 Related Reading: Cardano Tests $0.51 Support \u2013 Can ADA Reach Safe Zone And Hit $0.67? SOL Currently Stuck At $43 According to CoinMarketCap, Solana has dropped by 2.30% and is trading at $43.41 as of this writing. The bulls are determined to push the price and reach $44 or higher. SOL is rallying around the $44 key resistance zone today and it looks like it just needs a little push to get there. Now, if the buyers fail to maintain the current momentum, then this could be the coin\u2019s third failed attempt to breach the target level. At this point, the key support level is found at $40. Solana is observed to have impressive trading volume but the buyers need to keep that momentum going. RSI continues to hover above 50 points.\u00a0 Now, if the coin manages to stay at this target range then SOL has a good probability to breach the resistance. Moreover, MACD has formed a bullish cross pattern today which looks enticing for many buyers but it\u2019s still rather premature to make a call. Related Reading: SOL Fails To Notch New 60-Day Peak, Despite Recent Advances Fake Breakout For SOL? In case SOL\u2019s price hovers above $44, history tells us that this can just be a fake breakout. So, here\u2019s what happens: if SOL fails to cross over the key resistance, then the bears may take over and trigger SOL\u2019s downfall to $40. On the other hand, if SOL can successfully breach the critical resistance level, then SOL has the potential to shoot for $60; but this is wishful thinking at this point in time. The price of the SOL\/USD pair bounced back on Thursday peaking at $45.07 as impacted by the recent US consumer data on inflation.\u00a0 It is said to be the highest price point reached by SOL this year since July 30. Conversely, the aforesaid price is dubbed to be 71% higher than the lowest level registered in June summing up the total market cap to roughly $15.40 billion. Notably, Solana was able to reach this goal because of its robust market share in NFT and DeFi as it currently hosts around 75 DeFi projects with a combined TVL of $1.98 billion. With the current figures, SOL is undoubtedly one of the strongest cryptos as it ranks as the fifth largest platform alongside Avalanche, Ethereum, Tron, and BNB. SOL total market cap at $15.1 billion on the daily chart | Source: TradingView.com Featured image from The Independent, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":498515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[1144,65296,8686,12837,86420,83626],"class_list":["post-498514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-btcusd","tag-ethbtc","tag-ethusd","tag-sol","tag-sol-price","tag-solana"],"acf":[],"yoast_head":"\nSOL Makes Another Shot At $44, After Two Failed Attempts This Week<\/title>\n<meta name=\"description\" content=\"Solana (SOL) bulls are determined to push the price of the coin higher and breach the $44 level. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"SOL Makes Another Shot At $44, After Two Failed Attempts This Week","url":"http:\/\/wncen.com\/news\/solana\/sol-makes-another-shot-at-44-after-two-failed-attempts-this-week\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/solana\/sol-makes-another-shot-at-44-after-two-failed-attempts-this-week\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/SOL-2.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/SOL-2.png?fit=967%2C692"},"articleSection":"Solana","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethbtc","ethusd","sol","sol price","solana"],"dateCreated":"2022-08-12T11:30:52Z","datePublished":"2022-08-12T11:30:52Z","dateModified":"2022-08-12T11:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SOL Makes Another Shot At $44, After Two Failed Attempts This Week\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana\\\/sol-makes-another-shot-at-44-after-two-failed-attempts-this-week\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana\\\/sol-makes-another-shot-at-44-after-two-failed-attempts-this-week\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/SOL-2.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/SOL-2.png?fit=967%2C692\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"sol\",\"sol price\",\"solana\"],\"dateCreated\":\"2022-08-12T11:30:52Z\",\"datePublished\":\"2022-08-12T11:30:52Z\",\"dateModified\":\"2022-08-12T11:30:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/SOL-2.png?fit=967%2C692","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/498514"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=498514"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/498514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/498515"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=498514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=498514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=498514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}