{"id":558376,"date":"2023-10-31T12:00:51","date_gmt":"2023-10-31T12:00:51","guid":{"rendered":"https:\/\/wncen.com\/?p=558376"},"modified":"2023-10-31T11:12:57","modified_gmt":"2023-10-31T11:12:57","slug":"solana-sol-leads-gains-among-top-coins-can-bulls-send-the-price-to-40","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/solana-sol-leads-gains-among-top-coins-can-bulls-send-the-price-to-40\/","title":{"rendered":"Solana (SOL) Leads Gains Among Top Coins, Can Bulls Send The Price To $40?\u00a0"},"content":{"rendered":"<p><a href=\"https:\/\/wncen.com\/news\/solana\/solana-price-could-reach-3211-by-2030-vaneck-forecasts\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">SOL<\/span><\/a><span style=\"font-weight: 400\"> ranks among the bullish cryptocurrencies today, benefitting from the ongoing rally in the crypto market. $40 looks more realistic since SOL overcame the psychological resistance level of $20.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Based on its present trajectory and exciting events in the Solana community, investors wonder if it will attain $40 in the coming days. The technical indicators in the chart below will uncover SOL&#8217;s price trajectory in the coming days.\u00a0<\/span><\/p>\n<h2>SOL Testing $36.69 Resistance, Will The Bulls Rally To $40?<\/h2>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/wncen.com\/all\/crystal-ball-for-solana-envisioning-a-staggering-2030-valuation\/\" target=\"_blank\" rel=\"noopener \">SOL<\/a> is in an uptrend on the daily chart, forming a third consecutive green candle as the buyers continue accumulating.\u00a0<\/span><span style=\"font-weight: 400\">Remarkably, SOL flipped the $33.05 resistance level to support on October 30 and is testing the $36.69 support today, October 31.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-price-skyrocket-like-march\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Could Skyrocket Like In March If This Happens: Expert<\/a><\/div>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) indicator <a href=\"https:\/\/www.tradingview.com\/chart\/z3TmCR6Y\/?symbol=BITSTAMP%3ASOLUSD\" target=\"_blank\" rel=\"noopener nofollow\">displays<\/a> a value of 77.78, already in the overbought region above 70. T<\/span><span style=\"font-weight: 400\">he RSI shows no signs of a decline, implying that more buyers are opening long positions for SOL.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the Moving Average Convergence\/Divergence (MACD) indicator is above its signal line, displaying a strong buy signal. This signal is confirmed by the green Histogram bars formed on October 30 and today.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Therefore, SOL will likely rally to the $40 resistance level in the coming days if the buyers push it above the $36.69 resistance level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if rejection occurs at $36.69 and the RSI retraces from the overbought level, buyers must apply a trailing stop loss to curtail massive losses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nevertheless, SOL looks well positioned to return to $40 based on its strong support level at $33.05.\u00a0<\/span><span style=\"font-weight: 400\">Also, some exciting developments in the Solana community are driving more investors to the ecosystem and boosting SOL&#8217;s price.\u00a0<\/span><\/p>\n<figure style=\"width: 980px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/jgL6s6ct\/\" alt=\"SOLUSD price chart\" width=\"980\" height=\"595\"><figcaption class=\"wp-caption-text\">SOL&#8217;s price currently hovers at $36.69 in the daily chart. | Source: SOLUSD price chart from <a href=\"https:\/\/www.tradingview.com\/x\/AaWNbeGV\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2>Solana\u2019s Launch Of Block Explorer Amidst Other Developments<\/h2>\n<p><span style=\"font-weight: 400\">Solana Developers, on October 30, <\/span><a href=\"https:\/\/twitter.com\/cymbalxyz\/status\/33600807\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that Cymbal\u2019s Human Readable Block Explorer now supports Solana. It&#8217;s worth mentioning that<\/span><span style=\"font-weight: 400\"> Solana has organized over 466,000 NFT projects, has over 10 million active wallets, and tracked over 36 million tokens in real time. <\/span><span style=\"font-weight: 400\">The Cymbal AI helps Solana users keep track of their activities with ease and is a welcome development in the ecosystem.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, there is much excitement in the crypto community for the ongoing <\/span><a href=\"https:\/\/solana.blog\/breakpoint-in-amsterdam-is-here\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Solana Breakpoint<\/span><\/a><span style=\"font-weight: 400\"> 2023 annual conference that began on October 30.\u00a0<\/span><span style=\"font-weight: 400\">This event is in Amsterdam, Netherlands, with notable speakers taking vital topics surrounding blockchain technology.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The first day of the event featured an <\/span><a href=\"https:\/\/solana.blog\/solana-breakpoint-conference-day-one\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">address<\/span><\/a><span style=\"font-weight: 400\"> from JavaScript co-founder and Brave CEO Brendan Eich. According to Eich, there are massive integrations with Solana support coming to the Brave browser in 2024.\u00a0<\/span><span style=\"font-weight: 400\">This announcement by the CEO is likely driving the adoption of SOL tokens ahead of a potential price surge above $40.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum-defi-activities-on-a-roll-will-it-drive-a-bullish-price-surge\/\" target=\"_blank\" rel=\"noopener \">Ethereum DeFi Activities On A Roll: Will It Drive A Bullish Price Surge?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Additionally, Phantom Mobile <a href=\"https:\/\/phantom.app\/learn\/blog\/mint-cam\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> the creation of an NFT feature not available on their mobile devices but supported by Solana.\u00a0<\/span><span style=\"font-weight: 400\">According to the developers with Camera Mint on Phantom Mobile, users can instantly convert photos and videos into Solana NFTs using the app.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The diversity of the Solana ecosystem makes it ideal for most investors since its tokens are still quite affordable.\u00a0<\/span><span style=\"font-weight: 400\">Therefore, SOL could rally in the coming days if the buyers continue the ongoing accumulation phase.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Shutterstock and chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SOL ranks among the bullish cryptocurrencies today, benefitting from the ongoing rally in the crypto market. $40 looks more realistic since SOL overcame the psychological resistance level of $20.\u00a0 Based on its present trajectory and exciting events in the Solana community, investors wonder if it will attain $40 in the coming days. The technical indicators in the chart below will uncover SOL&#8217;s price trajectory in the coming days.\u00a0 SOL Testing $36.69 Resistance, Will The Bulls Rally To $40? SOL is in an uptrend on the daily chart, forming a third consecutive green candle as the buyers continue accumulating.\u00a0Remarkably, SOL flipped the $33.05 resistance level to support on October 30 and is testing the $36.69 support today, October 31.\u00a0 Related Reading: Bitcoin Price Could Skyrocket Like In March If This Happens: Expert The Relative Strength Index (RSI) indicator displays a value of 77.78, already in the overbought region above 70. The RSI shows no signs of a decline, implying that more buyers are opening long positions for SOL.\u00a0 Furthermore, the Moving Average Convergence\/Divergence (MACD) indicator is above its signal line, displaying a strong buy signal. This signal is confirmed by the green Histogram bars formed on October 30 and today.\u00a0 Therefore, SOL will likely rally to the $40 resistance level in the coming days if the buyers push it above the $36.69 resistance level. However, if rejection occurs at $36.69 and the RSI retraces from the overbought level, buyers must apply a trailing stop loss to curtail massive losses.\u00a0 Nevertheless, SOL looks well positioned to return to $40 based on its strong support level at $33.05.\u00a0Also, some exciting developments in the Solana community are driving more investors to the ecosystem and boosting SOL&#8217;s price.\u00a0 Solana\u2019s Launch Of Block Explorer Amidst Other Developments Solana Developers, on October 30, announced that Cymbal\u2019s Human Readable Block Explorer now supports Solana. It&#8217;s worth mentioning that Solana has organized over 466,000 NFT projects, has over 10 million active wallets, and tracked over 36 million tokens in real time. The Cymbal AI helps Solana users keep track of their activities with ease and is a welcome development in the ecosystem.\u00a0 Also, there is much excitement in the crypto community for the ongoing Solana Breakpoint 2023 annual conference that began on October 30.\u00a0This event is in Amsterdam, Netherlands, with notable speakers taking vital topics surrounding blockchain technology. The first day of the event featured an address from JavaScript co-founder and Brave CEO Brendan Eich. According to Eich, there are massive integrations with Solana support coming to the Brave browser in 2024.\u00a0This announcement by the CEO is likely driving the adoption of SOL tokens ahead of a potential price surge above $40.\u00a0 Related Reading: Ethereum DeFi Activities On A Roll: Will It Drive A Bullish Price Surge? Additionally, Phantom Mobile announced the creation of an NFT feature not available on their mobile devices but supported by Solana.\u00a0According to the developers with Camera Mint on Phantom Mobile, users can instantly convert photos and videos into Solana NFTs using the app.\u00a0 The diversity of the Solana ecosystem makes it ideal for most investors since its tokens are still quite affordable.\u00a0Therefore, SOL could rally in the coming days if the buyers continue the ongoing accumulation phase. Featured image from Shutterstock and chart from TradingView.com<\/p>\n","protected":false},"author":568,"featured_media":558387,"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":[86420,87045,86515,89753,86410],"class_list":["post-558376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol-price","tag-sol-price-analysis","tag-solana-sol","tag-solana-price-prediction","tag-solusd"],"acf":[],"yoast_head":"\n<title>SOL Leads Gains Among Top Coins, Can Bulls Send Price To $40?<\/title>\n<meta name=\"description\" content=\"Based on its present trajectory and exciting events in the Solana community, investors wonder if it will attain $40 in the coming days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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