{"id":598387,"date":"2024-03-18T05:08:06","date_gmt":"2024-03-18T05:08:06","guid":{"rendered":"https:\/\/wncen.com\/?p=598387"},"modified":"2024-06-11T14:41:20","modified_gmt":"2024-06-11T14:41:20","slug":"sol-price-crosses-200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sol-price-crosses-200\/","title":{"rendered":"SOL Price Crosses $200 Milestone, What\u2019s Next For Solana?"},"content":{"rendered":"<p><em>Solana is gaining bullish momentum above $200. SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term.<\/em><\/p>\n<ul>\n<li>SOL price gained bullish momentum and cleared the $200 resistance against the US Dollar.<\/li>\n<li>The price is now trading above $200 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rally if it clears the $205 and $212 resistance levels.<\/li>\n<\/ul>\n<h2>Solana Price Extends Rally<\/h2>\n<p>Solana price remained strong above the $150 level and extended its <a href=\"https:\/\/wncen.com\/analysis\/sol-price-breaks-150\/\" target=\"_blank\" rel=\"noopener \">rally<\/a>. There was a decent increase above the $165 and $180 levels.<\/p>\n<p>The price is up nearly 20% and there was a move above the $200 level, outperforming Bitcoin and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-grinds-lower-3400\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. A new multi-month high was formed near $204, and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $142 swing low to the $204 high.<\/p>\n<p>There is also a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL\/USD pair. Solana is now trading above $200 and the 100 simple moving average (4 hours).<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-598388\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png?resize=1024%2C461\" alt=\"SOL Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Solana_f3319d.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 $205 level. The next major resistance is near the $212 level. A successful close above the $212 resistance could set the pace for another major increase. The next key resistance is near $220. Any more gains might send the price toward the $232 level.<\/p>\n<h2>Are Dips Supported in SOL?<\/h2>\n<p>If SOL fails to rally above the $205 resistance, it could start a downside correction. Initial support on the downside is near the $195 level and the trend line.<\/p>\n<p>The first major support is near the $175 level or the 50% Fib retracement level of the upward move from the $142 swing low to the $204 high, below which the price could test $165. If there is a close below the $165 support, the price could decline toward the $150 support or the 100 simple moving average (4 hours) 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 $19, and $175.<\/p>\n<p>Major Resistance Levels \u2013 $205, $212, and $220.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana is gaining bullish momentum above $200. SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term. SOL price gained bullish momentum and cleared the $200 resistance against the US Dollar. The price is now trading above $200 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL\/USD pair (data source from Kraken). The pair could continue to rally if it clears the $205 and $212 resistance levels. Solana Price Extends Rally Solana price remained strong above the $150 level and extended its rally. There was a decent increase above the $165 and $180 levels. The price is up nearly 20% and there was a move above the $200 level, outperforming Bitcoin and Ethereum. A new multi-month high was formed near $204, and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $142 swing low to the $204 high. There is also a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL\/USD pair. Solana is now trading above $200 and the 100 simple moving average (4 hours). Source: SOLUSD on TradingView.com Immediate resistance is near the $205 level. The next major resistance is near the $212 level. A successful close above the $212 resistance could set the pace for another major increase. The next key resistance is near $220. Any more gains might send the price toward the $232 level. Are Dips Supported in SOL? If SOL fails to rally above the $205 resistance, it could start a downside correction. Initial support on the downside is near the $195 level and the trend line. The first major support is near the $175 level or the 50% Fib retracement level of the upward move from the $142 swing low to the $204 high, below which the price could test $165. If there is a close below the $165 support, the price could decline toward the $150 support or the 100 simple moving average (4 hours) 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 $19, and $175. Major Resistance Levels \u2013 $205, $212, and $220.<\/p>\n","protected":false},"author":67,"featured_media":557410,"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-598387","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 Crosses $200 Milestone, What\u2019s Next For Solana?<\/title>\n<meta name=\"description\" content=\"Solana is gaining bullish momentum above $200. 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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 Crosses $200 Milestone, What\u2019s Next For Solana?","url":"http:\/\/wncen.com\/news\/sol-price-crosses-200\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/sol-price-crosses-200\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545"},"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":"2024-03-18T05:08:06Z","datePublished":"2024-03-18T05:08:06Z","dateModified":"2024-06-11T14:41:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SOL Price Crosses $200 Milestone, What\\u2019s Next For Solana?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-crosses-200\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/sol-price-crosses-200\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Depositphotos_103793088_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545\"},\"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\":\"2024-03-18T05:08:06Z\",\"datePublished\":\"2024-03-18T05:08:06Z\",\"dateModified\":\"2024-06-11T14:41:20Z\"}<\/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\/10\/Depositphotos_103793088_s-2019.jpg?fit=999%2C545","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/598387"}],"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=598387"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/598387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/557410"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=598387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=598387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=598387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}