{"id":572880,"date":"2024-02-02T05:18:48","date_gmt":"2024-02-02T05:18:48","guid":{"rendered":"https:\/\/wncen.com\/?p=572880"},"modified":"2024-06-11T14:39:52","modified_gmt":"2024-06-11T14:39:52","slug":"sol-price-faces-big-move-120","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sol-price-faces-big-move-120\/","title":{"rendered":"SOL Price Faces Big Move \u2013 Can Bulls Send Solana To $120?"},"content":{"rendered":"<p><em>Solana is attempting a fresh increase from the $92 zone. SOL price could gain bullish momentum if it manages to clear the $100 and $104 resistance levels.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh decline from the $106 resistance against the US Dollar.<\/li>\n<li>The price is now trading above $92 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start another increase if it surpasses the $100 and $104 levels.<\/li>\n<\/ul>\n<h2>Solana Price Faces Key Test<\/h2>\n<p>Solana price started a fresh decline after it struggled to clear the $106 level like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-see-liftoff-43800\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> at $43,800. There was a clear move below the $102 and $100 support levels.<\/p>\n<p>Besides, there was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL\/USD pair. However, the bulls were active near the $92 level and the <a href=\"https:\/\/wncen.com\/analysis\/sol-price-recovery-fade-95\/\" target=\"_blank\" rel=\"noopener \">100 simple moving average (4 hours)<\/a>. The price is now attempting a fresh increase above the $95 level.<\/p>\n<p>The price retested the $100 zone and the 50% Fib retracement level of the downward move from the $106.41 swing high to the $92.95 low. SOL is now trading above $95 and the 100 simple moving average (4 hours).<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-572881\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?resize=1024%2C461\" alt=\"SOL Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Solana.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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>Immediate resistance is near the $100 level. The next major resistance is near the $104 level or the 76.4% Fib retracement level of the downward move from the $106.41 swing high to the $92.95 low. A successful close above the $104 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<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to rally above the $100 resistance, it could start another decline. Initial support on the downside is near the $92 level and the 100 simple moving average (4 hours).<\/p>\n<p>The first major support is near the $90 level, below which the price could test $85. If there is a close below the $85 support, the price could decline toward the $78 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $92, and $92.<\/p>\n<p>Major Resistance Levels \u2013 $100, $104, and $112.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana is attempting a fresh increase from the $92 zone. SOL price could gain bullish momentum if it manages to clear the $100 and $104 resistance levels. SOL price started a fresh decline from the $106 resistance against the US Dollar. The price is now trading above $92 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL\/USD pair (data source from Kraken). The pair could start another increase if it surpasses the $100 and $104 levels. Solana Price Faces Key Test Solana price started a fresh decline after it struggled to clear the $106 level like Bitcoin at $43,800. There was a clear move below the $102 and $100 support levels. Besides, there was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL\/USD pair. However, the bulls were active near the $92 level and the 100 simple moving average (4 hours). The price is now attempting a fresh increase above the $95 level. The price retested the $100 zone and the 50% Fib retracement level of the downward move from the $106.41 swing high to the $92.95 low. SOL is now trading above $95 and the 100 simple moving average (4 hours). Source: SOLUSD on TradingView.com Immediate resistance is near the $100 level. The next major resistance is near the $104 level or the 76.4% Fib retracement level of the downward move from the $106.41 swing high to the $92.95 low. A successful close above the $104 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. Another Decline in SOL? If SOL fails to rally above the $100 resistance, it could start another decline. Initial support on the downside is near the $92 level and the 100 simple moving average (4 hours). The first major support is near the $90 level, below which the price could test $85. If there is a close below the $85 support, the price could decline toward the $78 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 $92, and $92. Major Resistance Levels \u2013 $100, $104, and $112.<\/p>\n","protected":false},"author":67,"featured_media":520227,"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-572880","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":"\n<title>SOL Price Faces Big Move \u2013 Can Bulls Send Solana To $120?<\/title>\n<meta name=\"description\" content=\"Solana is attempting a fresh increase from the $92 zone. 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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 Faces Big Move \u2013 Can Bulls Send Solana To $120?","url":"http:\/\/wncen.com\/news\/sol-price-faces-big-move-120\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/sol-price-faces-big-move-120\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/shutterstock_589406480.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/shutterstock_589406480.jpg?fit=1000%2C660"},"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":"2024-02-02T05:18:48Z","datePublished":"2024-02-02T05:18:48Z","dateModified":"2024-06-11T14:39:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SOL Price Faces Big Move \\u2013 Can Bulls Send Solana To $120?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-faces-big-move-120\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-faces-big-move-120\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_589406480.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_589406480.jpg?fit=1000%2C660\"},\"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\":\"2024-02-02T05:18:48Z\",\"datePublished\":\"2024-02-02T05:18:48Z\",\"dateModified\":\"2024-06-11T14:39:52Z\"}<\/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\/2023\/02\/shutterstock_589406480.jpg?fit=1000%2C660","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572880"}],"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=572880"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/520227"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=572880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=572880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=572880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}