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{"id":607878,"date":"2024-05-14T06:28:15","date_gmt":"2024-05-14T06:28:15","guid":{"rendered":"https:\/\/wncen.com\/?p=607878"},"modified":"2024-06-11T14:45:47","modified_gmt":"2024-06-11T14:45:47","slug":"sol-price-regains-strength-150","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sol-price-regains-strength-150\/","title":{"rendered":"SOL Price Regains Strength, Can Solana Reclaim $150 and Continue Higher?"},"content":{"rendered":"

Solana started a fresh increase above the $142 resistance. SOL price is up nearly 8% and might continue to rise if it clears the $150 resistance.<\/em><\/p>\n

\n
SOL price recovered higher and tested the $150 resistance against the US Dollar.<\/li>\n
The price is now trading above $1452 and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a key bearish trend line with resistance at $144 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could clear the $150 resistance unless it fails to stay above $146.<\/li>\n<\/ul>\n
Solana Price Eyes More Upsides<\/h2>\n
Solana price formed a support base near the $138 level and started a fresh increase. SOL outperformed Bitcoin<\/a> and Ethereum<\/a> and moved into a positive zone above the $144 level.<\/p>\n
There was a break above a key bearish trend line with resistance at $144 on the 4-hour chart of the SOL\/USD pair. The pair even cleared the 50% Fib retracement level of the downward wave from the $154.40 swing high to the $138.00 low.<\/p>\n
However, the bears are active near the key hurdle at $150. Solana is now trading above $145 and the 100 simple moving average (4 hours). Immediate resistance is near the $150 level or the 76.4% Fib retracement level of the downward wave from the $154.40 swing high to the $138.00 low.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near the $155 level. A successful close above the $155 resistance could set the pace for another major increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level.<\/p>\n
Another Decline in SOL?<\/h2>\n
If SOL fails to rally above the $150 resistance, it could start another decline. Initial support on the downside is near the $146 level and the 100 simple moving average (4 hours).<\/p>\n
The first major support is near the $142 level, below which the price could test $138. If there is a close below the $138 support, the price could decline toward the $125 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 $146, and $142.<\/p>\n
Major Resistance Levels \u2013 $150, $155, and $162.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a fresh increase above the $142 resistance. SOL price is up nearly 8% and might continue to rise if it clears the $150 resistance. SOL price recovered higher and tested the $150 resistance against the US Dollar. The price is now trading above $1452 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $144 on the 4-hour chart of the SOL\/USD pair (data source from Kraken). The pair could clear the $150 resistance unless it fails to stay above $146. Solana Price Eyes More Upsides Solana price formed a support base near the $138 level and started a fresh increase. SOL outperformed Bitcoin and Ethereum and moved into a positive zone above the $144 level. There was a break above a key bearish trend line with resistance at $144 on the 4-hour chart of the SOL\/USD pair. The pair even cleared the 50% Fib retracement level of the downward wave from the $154.40 swing high to the $138.00 low. However, the bears are active near the key hurdle at $150. Solana is now trading above $145 and the 100 simple moving average (4 hours). Immediate resistance is near the $150 level or the 76.4% Fib retracement level of the downward wave from the $154.40 swing high to the $138.00 low. The next major resistance is near the $155 level. A successful close above the $155 resistance could set the pace for another major increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level. Another Decline in SOL? If SOL fails to rally above the $150 resistance, it could start another decline. Initial support on the downside is near the $146 level and the 100 simple moving average (4 hours). The first major support is near the $142 level, below which the price could test $138. If there is a close below the $138 support, the price could decline toward the $125 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 $146, and $142. Major Resistance Levels \u2013 $150, $155, and $162.<\/p>\n","protected":false},"author":67,"featured_media":607880,"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-607878","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 Regains Strength, Can Solana Reclaim $150 and Continue Higher?<\/title>\n<meta name=\"description\" content=\"Solana started a fresh increase above the $142 resistance. 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