{"id":534902,"date":"2023-05-25T04:30:38","date_gmt":"2023-05-25T04:30:38","guid":{"rendered":"https:\/\/wncen.com\/?p=534902"},"modified":"2024-06-11T13:17:19","modified_gmt":"2024-06-11T13:17:19","slug":"sol-price-prediction-solana-sell-20","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sol-price-prediction-solana-sell-20\/","title":{"rendered":"SOL Price Prediction: Solana Turns Sell On Rallies As It Breaks $20"},"content":{"rendered":"<p><em>Solana gained bearish momentum and traded below $20 against the US Dollar. SOL price might now struggle to recover above the $20 and $21 resistance levels.<\/em><\/p>\n<ul>\n<li>SOL price is showing bearish signs below the $20.50 resistance against the US Dollar.<\/li>\n<li>The price is now trading below $19.80 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a major bearish trend line forming with resistance near $19.90 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could recover but upsides might be limited above $20.<\/li>\n<\/ul>\n<h2>Solana Price Extends Losses<\/h2>\n<p>This past week, Solana\u2019s price started a fresh decline from well above $21. SOL gained bearish momentum and was able to trade below the $20.50 support.<\/p>\n<p>The bears gained strength and pushed the price below the $20 support. The price is now showing bearish signs below $20, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-bears-aim-25000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-plunges-1760\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. A low is formed near $18.70 and the price is now consolidating losses.<\/p>\n<p>SOL is now trading below $19.80 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $19.90 on the 4-hour chart of the SOL\/USD pair. On the upside, immediate resistance is near the $19.80 level and the trend line.<\/p>\n<p>The next major resistance is near the $20 zone or the 50% Fib retracement level of the downward move from the $21.51 swing high to the $18.70 low. The main resistance is now forming near the $20.50 level and the 100 simple moving average (4 hours).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-534903\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?resize=1834%2C845\" alt=\"SOL Price Prediction\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/Solana-1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">SOLUSD on TradingView.com<\/a><\/p>\n<p>The 61.8% Fib retracement level of the downward move from the $21.51 swing high to the $18.70 low is also near $20.50. A close above the $20.50 level could resend the price toward the $21.50 resistance zone. Any more gains might send the price toward the $22 level.<\/p>\n<h2>More Losses in SOL?<\/h2>\n<p>If SOL fails to clear the $20.50 resistance, it could continue to move down. Initial support on the downside is near the $19.00 level.<\/p>\n<p>The first major support is near the $18.80 level, below which the bears might gain strength. In the stated case, Solana price may perhaps decline toward the $18.20 support. The next major support is near the $17.50 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $18.80, and $18.20.<\/p>\n<p>Major Resistance Levels \u2013 $20.00, $20.50, and $21.50.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana gained bearish momentum and traded below $20 against the US Dollar. SOL price might now struggle to recover above the $20 and $21 resistance levels. SOL price is showing bearish signs below the $20.50 resistance against the US Dollar. The price is now trading below $19.80 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $19.90 on the 4-hour chart of the SOL\/USD pair (data source from Kraken). The pair could recover but upsides might be limited above $20. Solana Price Extends Losses This past week, Solana\u2019s price started a fresh decline from well above $21. SOL gained bearish momentum and was able to trade below the $20.50 support. The bears gained strength and pushed the price below the $20 support. The price is now showing bearish signs below $20, similar to Bitcoin and Ethereum. A low is formed near $18.70 and the price is now consolidating losses. SOL is now trading below $19.80 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $19.90 on the 4-hour chart of the SOL\/USD pair. On the upside, immediate resistance is near the $19.80 level and the trend line. The next major resistance is near the $20 zone or the 50% Fib retracement level of the downward move from the $21.51 swing high to the $18.70 low. The main resistance is now forming near the $20.50 level and the 100 simple moving average (4 hours). Source: SOLUSD on TradingView.com The 61.8% Fib retracement level of the downward move from the $21.51 swing high to the $18.70 low is also near $20.50. A close above the $20.50 level could resend the price toward the $21.50 resistance zone. Any more gains might send the price toward the $22 level. More Losses in SOL? If SOL fails to clear the $20.50 resistance, it could continue to move down. Initial support on the downside is near the $19.00 level. The first major support is near the $18.80 level, below which the bears might gain strength. In the stated case, Solana price may perhaps decline toward the $18.20 support. The next major support is near the $17.50 level. Technical Indicators 4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level. Major Support Levels \u2013 $18.80, and $18.20. Major Resistance Levels \u2013 $20.00, $20.50, and $21.50.<\/p>\n","protected":false},"author":67,"featured_media":534904,"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":[12837,83626,86410,83627],"class_list":["post-534902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sol","tag-solana","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n<title>SOL Price Prediction: Solana Turns Sell On Rallies As It Breaks $20<\/title>\n<meta name=\"description\" content=\"Solana gained bearish momentum and traded below $20 against the US Dollar. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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 Prediction: Solana Turns Sell On Rallies As It Breaks $20","url":"http:\/\/wncen.com\/news\/sol-price-prediction-solana-sell-20\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/sol-price-prediction-solana-sell-20\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/iStock-1423695819.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/iStock-1423695819.jpg?fit=1254%2C836"},"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","solusd","solusdt"],"dateCreated":"2023-05-25T04:30:38Z","datePublished":"2023-05-25T04:30:38Z","dateModified":"2024-06-11T13:17:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SOL Price Prediction: Solana Turns Sell On Rallies As It Breaks $20\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-prediction-solana-sell-20\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-prediction-solana-sell-20\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1423695819.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1423695819.jpg?fit=1254%2C836\"},\"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\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2023-05-25T04:30:38Z\",\"datePublished\":\"2023-05-25T04:30:38Z\",\"dateModified\":\"2024-06-11T13:17:19Z\"}<\/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\/05\/iStock-1423695819.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/534902"}],"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=534902"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/534902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/534904"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=534902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=534902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=534902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}