{"id":610141,"date":"2024-05-28T02:58:19","date_gmt":"2024-05-28T02:58:19","guid":{"rendered":"https:\/\/wncen.com\/?p=610141"},"modified":"2024-06-11T14:38:58","modified_gmt":"2024-06-11T14:38:58","slug":"solana-sol-comeback-172","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana-sol-comeback-172\/","title":{"rendered":"Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?"},"content":{"rendered":"<p><em>Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone.<\/em><\/p>\n<ul>\n<li>SOL price corrected lower and tested the $160 support zone against the US Dollar.<\/li>\n<li>The price is now trading above $165 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could clear the $172 resistance unless it fails to stay above $165.<\/li>\n<\/ul>\n<h2>Solana Price Could Gain Momentum<\/h2>\n<p>Solana price formed a support base near the $160 level and started a recovery wave. SOL underperformed <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-higher-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-climb-4k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> but managed to clear the $165 resistance.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair. There was even a spike above the $170 zone and the 50% Fib retracement level of the downward move from the $181 swing high to the $160 low.<\/p>\n<p>Solana price is now trading above $165 and the 100-hourly simple moving average. Immediate resistance is near the $170 level. The next major resistance is near the $171 level. A successful close above the $172 resistance could set the pace for another major increase.<\/p>\n<figure id=\"attachment_610142\" aria-describedby=\"caption-attachment-610142\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-610142 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?resize=1024%2C449\" alt=\"Solana (SOL) Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana_511d7a.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-610142\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next key resistance is near $176 or the 76.4% Fib retracement level of the downward move from the $181 swing high to the $160 low. Any more gains might send the price toward the $180 level.<\/p>\n<h2>Are Dips Supported in SOL?<\/h2>\n<p>If SOL fails to rally above the $172 resistance, it could start another decline. Initial support on the downside is near the $167 level.<\/p>\n<p>The first major support is near the $165 level, below which the price could test $160. If there is a close below the $160 support, the price could decline toward the $150 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $165, and $160.<\/p>\n<p>Major Resistance Levels \u2013 $170, $172, and $180.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could clear the $172 resistance unless it fails to stay above $165. Solana Price Could Gain Momentum Solana price formed a support base near the $160 level and started a recovery wave. SOL underperformed Bitcoin and Ethereum but managed to clear the $165 resistance. There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair. There was even a spike above the $170 zone and the 50% Fib retracement level of the downward move from the $181 swing high to the $160 low. Solana price is now trading above $165 and the 100-hourly simple moving average. Immediate resistance is near the $170 level. The next major resistance is near the $171 level. A successful close above the $172 resistance could set the pace for another major increase. The next key resistance is near $176 or the 76.4% Fib retracement level of the downward move from the $181 swing high to the $160 low. Any more gains might send the price toward the $180 level. Are Dips Supported in SOL? If SOL fails to rally above the $172 resistance, it could start another decline. Initial support on the downside is near the $167 level. The first major support is near the $165 level, below which the price could test $160. If there is a close below the $160 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level. Major Support Levels \u2013 $165, and $160. Major Resistance Levels \u2013 $170, $172, and $180.<\/p>\n","protected":false},"author":67,"featured_media":610143,"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-610141","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>Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?<\/title>\n<meta name=\"description\" content=\"Solana found support near the $160 zone. 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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":"Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?","url":"http:\/\/wncen.com\/news\/solana-sol-comeback-172\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/solana-sol-comeback-172\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana-Higher.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Solana-Higher.jpg?fit=1792%2C1024"},"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":"2024-05-28T02:58:19Z","datePublished":"2024-05-28T02:58:19Z","dateModified":"2024-06-11T14:38:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-sol-comeback-172\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana-sol-comeback-172\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Solana-Higher.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Solana-Higher.jpg?fit=1792%2C1024\"},\"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\":\"2024-05-28T02:58:19Z\",\"datePublished\":\"2024-05-28T02:58:19Z\",\"dateModified\":\"2024-06-11T14:38:58Z\"}<\/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\/2024\/05\/Solana-Higher.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610141"}],"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=610141"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/610143"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=610141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=610141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=610141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}