{"id":629793,"date":"2024-07-15T12:00:39","date_gmt":"2024-07-15T12:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=629793"},"modified":"2024-07-15T10:46:13","modified_gmt":"2024-07-15T10:46:13","slug":"solana-bullish-run-sols-5-surge-brings-160-within-reach","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/solana-bullish-run-sols-5-surge-brings-160-within-reach\/","title":{"rendered":"Solana Bullish Run: SOL\u2019s 5% Surge Brings $160 Within Reach"},"content":{"rendered":"

Solana (SOL) price is currently on a bullish move, climbing over 5% in the last 24 hours with strong bullish momentum toward the $160 resistance mark. Analyzing Solana’s growing momentum reveals that it could be <\/span>fueled by recent active buyers’ activity<\/span><\/a> in the market and optimism that the digital asset could be poised for further gain.<\/span><\/p>\n

As Solana draws closer to the $160 mark, we will delve into an in-depth examination of SOL’s upswing based on current price actions, and key indicators supporting this upward trend, exploring what this means for SOL’s future price prospects.<\/span><\/p>\n

SOL’s price is currently trading at around $153 and has increased by 5.66% with a market capitalization of over $71 billion and a trading volume of over $2 billion as of the time of writing. In the last 24 hours, SOL’s market cap and trading volume have experienced an increase of 5.68% and 28.45% respectively.<\/span><\/p>\n

Analyzing Technical Indicators Supporting SOL\u2019s Bullish Trend<\/strong><\/h2>\n

Currently, the price of <\/span>Solana<\/span><\/a> on the 4-hour chart with bullish momentum has risen above the 100-day Simple Moving Average (SMA) and the 4-hour bearish trendline. The digital asset has been able to maintain its bullish sentiment since these breaks and could continue its upward move toward the $160 resistance level.<\/span><\/p>\n

\"Solana\"
Source: SOLUSDT on Tradingview.com<\/figcaption><\/figure>\n

Also, the formation of the 4-hour Relative Strength Index (RSI) suggests that SOL’s price may continue its bullish move toward the $160 resistance level as the signal line of the RSI indicator has been maintaining its bullish sentiment above 50% and is currently trending the overbought zone.<\/span><\/p>\n

On the 1-day, the price of SOL has broken above the bearish trendline, and it can be observed that the crypto asset is currently attempting a bullish move above the 100-day SMA towards the $160 resistance level. Since the break above the bearish trendline, Solana has been showing bullish resilience, keeping a steady pace toward the $160 mark.<\/span><\/p>\n

\"Solana\"
Source: SOLUSDT on Tradingview.com<\/figcaption><\/figure>\n

Finally, on the 1-day chart, a careful examination of the formation of the 1-day RSI reveals that SOL could sustain its bullish trend above the 1-day SMA and the bearish trendline toward the $160 resistance mark as the signal line of the indicator has risen above 50% and is currently attempting a move towards the oversold zone.<\/span><\/p>\n

Resistance And Support Levels For Solana To Watch<\/strong><\/h2>\n

If SOL can maintain its current bullish momentum to hit the <\/span>$160 resistance level<\/span><\/a> and close above, it may continue to move upward to challenge the $188 resistance level. When this level is breached, the digital asset may experience further price gain toward the $205 resistance level and possibly other levels above.<\/span><\/p>\n

Conversely, should SOL pull back at $160, it will start to decline once more toward the $118 support level. Following a break below this level, the crypto asset may see further price decline to challenge the $99 support level and perhaps other levels below.<\/span><\/p>\n

\"Solana\"
SOLA trading at $152 on the 1D chart | Source: SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Solana (SOL) price is currently on a bullish move, climbing over 5% in the last 24 hours with strong bullish momentum toward the $160 resistance mark. Analyzing Solana’s growing momentum reveals that it could be fueled by recent active buyers’ activity in the market and optimism that the digital asset could be poised for further gain. As Solana draws closer to the $160 mark, we will delve into an in-depth examination of SOL’s upswing based on current price actions, and key indicators supporting this upward trend, exploring what this means for SOL’s future price prospects. SOL’s price is currently trading at around $153 and has increased by 5.66% with a market capitalization of over $71 billion and a trading volume of over $2 billion as of the time of writing. In the last 24 hours, SOL’s market cap and trading volume have experienced an increase of 5.68% and 28.45% respectively. Analyzing Technical Indicators Supporting SOL\u2019s Bullish Trend Currently, the price of Solana on the 4-hour chart with bullish momentum has risen above the 100-day Simple Moving Average (SMA) and the 4-hour bearish trendline. The digital asset has been able to maintain its bullish sentiment since these breaks and could continue its upward move toward the $160 resistance level. Also, the formation of the 4-hour Relative Strength Index (RSI) suggests that SOL’s price may continue its bullish move toward the $160 resistance level as the signal line of the RSI indicator has been maintaining its bullish sentiment above 50% and is currently trending the overbought zone. On the 1-day, the price of SOL has broken above the bearish trendline, and it can be observed that the crypto asset is currently attempting a bullish move above the 100-day SMA towards the $160 resistance level. Since the break above the bearish trendline, Solana has been showing bullish resilience, keeping a steady pace toward the $160 mark. Finally, on the 1-day chart, a careful examination of the formation of the 1-day RSI reveals that SOL could sustain its bullish trend above the 1-day SMA and the bearish trendline toward the $160 resistance mark as the signal line of the indicator has risen above 50% and is currently attempting a move towards the oversold zone. Resistance And Support Levels For Solana To Watch If SOL can maintain its current bullish momentum to hit the $160 resistance level and close above, it may continue to move upward to challenge the $188 resistance level. When this level is breached, the digital asset may experience further price gain toward the $205 resistance level and possibly other levels above. Conversely, should SOL pull back at $160, it will start to decline once more toward the $118 support level. Following a break below this level, the crypto asset may see further price decline to challenge the $99 support level and perhaps other levels below. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":625000,"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":[16393,14763,91599,85676,12837,83626,86410,83627],"class_list":["post-629793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma","tag-sol","tag-solana","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Bullish Run: SOL\u2019s 5% Surge Brings $160 Within Reach<\/title>\n<meta name=\"description\" content=\"Solana recently is on a bullish move, climbing over 5% in the last 24 hours with strong bullish momentum toward the $160 resistance mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Bullish Run: SOL\u2019s 5% Surge Brings $160 Within Reach","url":"http:\/\/wncen.com\/news\/solana\/solana-bullish-run-sols-5-surge-brings-160-within-reach\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/solana\/solana-bullish-run-sols-5-surge-brings-160-within-reach\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Solana-from-Adobe-Stock-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Solana-from-Adobe-Stock-2.jpg?fit=540%2C360"},"articleSection":"Solana","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["relative strength index","rsi","simple moving average","sma","sol","solana","solusd","solusdt"],"dateCreated":"2024-07-15T12:00:39Z","datePublished":"2024-07-15T12:00:39Z","dateModified":"2024-07-15T12:00:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Bullish Run: SOL\\u2019s 5% Surge Brings $160 Within Reach\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana\\\/solana-bullish-run-sols-5-surge-brings-160-within-reach\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/solana\\\/solana-bullish-run-sols-5-surge-brings-160-within-reach\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Solana-from-Adobe-Stock-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Solana-from-Adobe-Stock-2.jpg?fit=540%2C360\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\",\"sol\",\"solana\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-07-15T12:00:39Z\",\"datePublished\":\"2024-07-15T12:00:39Z\",\"dateModified\":\"2024-07-15T12:00:39Z\"}<\/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\/06\/Solana-from-Adobe-Stock-2.jpg?fit=540%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/629793"}],"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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=629793"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/629793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/625000"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=629793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=629793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=629793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}