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{"id":573907,"date":"2024-02-08T05:08:30","date_gmt":"2024-02-08T05:08:30","guid":{"rendered":"https:\/\/wncen.com\/?p=573907"},"modified":"2024-06-11T14:40:05","modified_gmt":"2024-06-11T14:40:05","slug":"sol-price-breaks-100-solana-to-112","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sol-price-breaks-100-solana-to-112\/","title":{"rendered":"SOL Price Breaks $100 \u2013 Why Solana Could Pump Another 10%"},"content":{"rendered":"

Solana is gaining bullish momentum above $100. SOL price is signaling a fresh increase and might rally further toward the $112 level.<\/em><\/p>\n

\n
SOL price started a fresh increase from the $93.20 support against the US Dollar.<\/li>\n
The price is now trading above $98 and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rally if it clears the $102.50 and $105.00 resistance levels.<\/li>\n<\/ul>\n
Solana Price Regains Bullish Momentum<\/h2>\n
Solana price formed a base above the $93.20 support zone and recently started a fresh increase. There was a decent increase above the $96 and $98 levels.<\/p>\n
The price is up over 7% and there was a move above the $100 level, outperforming Bitcoin<\/a> and Ethereum<\/a>. During the increase, the price cleared the 76.4% Fib retracement level of the downward move from the $102.46 swing high to the $93.17 low.<\/p>\n
Besides, there was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL\/USD pair. Solana is now trading above $98 and the 100 simple moving average (4 hours).<\/p>\n
$\"SOL$ <\/a><\/p>\n
Source: SOLUSD on TradingView.com<\/a><\/p>\n
Immediate resistance is near the $102.50 level. The next major resistance is near the $105 level. A successful close above the $105 resistance could set the pace for another major increase. The next key resistance is near $112. Any more gains might send the price toward the $120 level.<\/p>\n
Are Dips Supported in SOL?<\/h2>\n
If SOL fails to rally above the $105 resistance, it could start a downside correction. Initial support on the downside is near the $98 level.<\/p>\n
The first major support is near the $96 level and the 100 simple moving average (4 hours), below which the price could test $93.20. If there is a close below the $93.20 support, the price could decline toward the $85 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n
Major Support Levels \u2013 $96, and $93.20.<\/p>\n
Major Resistance Levels \u2013 $102.50, $105, and $112.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana is gaining bullish momentum above $100. SOL price is signaling a fresh increase and might rally further toward the $112 level. SOL price started a fresh increase from the $93.20 support against the US Dollar. The price is now trading above $98 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL\/USD pair (data source from Kraken). The pair could continue to rally if it clears the $102.50 and $105.00 resistance levels. Solana Price Regains Bullish Momentum Solana price formed a base above the $93.20 support zone and recently started a fresh increase. There was a decent increase above the $96 and $98 levels. The price is up over 7% and there was a move above the $100 level, outperforming Bitcoin and Ethereum. During the increase, the price cleared the 76.4% Fib retracement level of the downward move from the $102.46 swing high to the $93.17 low. Besides, there was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL\/USD pair. Solana is now trading above $98 and the 100 simple moving average (4 hours). Source: SOLUSD on TradingView.com Immediate resistance is near the $102.50 level. The next major resistance is near the $105 level. A successful close above the $105 resistance could set the pace for another major increase. The next key resistance is near $112. Any more gains might send the price toward the $120 level. Are Dips Supported in SOL? If SOL fails to rally above the $105 resistance, it could start a downside correction. Initial support on the downside is near the $98 level. The first major support is near the $96 level and the 100 simple moving average (4 hours), below which the price could test $93.20. If there is a close below the $93.20 support, the price could decline toward the $85 support in the near term. Technical Indicators 4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level. Major Support Levels \u2013 $96, and $93.20. Major Resistance Levels \u2013 $102.50, $105, and $112.<\/p>\n","protected":false},"author":67,"featured_media":517560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12837,83626,89318,86410,83627],"class_list":["post-573907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSOL Price Breaks $100 \u2013 Why Solana Could Pump Another 10%<\/title>\n<meta name=\"description\" content=\"Solana is gaining bullish momentum above $100. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"SOL Price Breaks $100 \u2013 Why Solana Could Pump Another 10%","url":"http:\/\/wncen.com\/news\/sol-price-breaks-100-solana-to-112\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/sol-price-breaks-100-solana-to-112\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/shutterstock_584552989.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/shutterstock_584552989.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["sol","solana","solbtc","solusd","solusdt"],"dateCreated":"2024-02-08T05:08:30Z","datePublished":"2024-02-08T05:08:30Z","dateModified":"2024-06-11T14:40:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SOL Price Breaks $100 \\u2013 Why Solana Could Pump Another 10%\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-breaks-100-solana-to-112\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-breaks-100-solana-to-112\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/shutterstock_584552989.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/shutterstock_584552989.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"sol\",\"solana\",\"solbtc\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-02-08T05:08:30Z\",\"datePublished\":\"2024-02-08T05:08:30Z\",\"dateModified\":\"2024-06-11T14:40:05Z\"}<\/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\/2023\/01\/shutterstock_584552989.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573907"}],"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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=573907"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/517560"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=573907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=573907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=573907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}