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{"id":645483,"date":"2024-09-30T13:48:18","date_gmt":"2024-09-30T13:48:18","guid":{"rendered":"https:\/\/www.wncen.com\/?p=645483"},"modified":"2024-09-30T13:12:34","modified_gmt":"2024-09-30T13:12:34","slug":"solana-price-sol-holds-support-150","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/solana-price-sol-holds-support-150\/","title":{"rendered":"Solana Price (SOL) Holds Crucial Support Level: Is the Rally Still Alive?"},"content":{"rendered":"

Solana is holding gains above the $150 resistance zone. SOL price is consolidating and might aim for a fresh increase above the $162 resistance zone.<\/em><\/p>\n

\n
SOL price started a fresh increase above the $155 zone against the US Dollar.<\/li>\n
The price is now trading near $155 and the 100-hourly simple moving average.<\/li>\n
There is a key rising channel forming with support at $155 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start another increase if it stays above the $155 support zone.<\/li>\n<\/ul>\n
Solana Price Regains Traction<\/h2>\n
Solana price extended its increase above the $155 resistance like Bitcoin<\/a> and Ethereum<\/a>. SOL even climbed above $160 before the bears appeared. A high was formed at $162 and the price started a downside correction.<\/p>\n
There was a move below the $160 and $158 levels. However, the bulls were active near the $155 support zone. A low is formed at $155 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $162 swing high to the $155 low.<\/p>\n
Solana is now trading near $155 and the 100-hourly simple moving average. There is also a key rising channel forming with support at $155 on the hourly chart of the SOL\/USD pair.<\/p>\n
On the upside, the price is facing resistance near the $158 level. The next major resistance is near the $160 level. It is close to the 76.4% Fib retracement level of the recent decline from the $162 swing high to the $155 low. The main resistance could be $162.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
A successful close above the $160 and $162 resistance levels could set the pace for another steady increase. The next key resistance is near $175. Any more gains might send the price toward the $180 level.<\/p>\n
More Downsides in SOL?<\/h2>\n
If SOL fails to rise above the $158 resistance, it could start another decline. Initial support on the downside is near the $155 level. The first major support is near the $154 level.<\/p>\n
A break below the $154 level might send the price toward the $149 zone. If there is a close below the $149 support, the price could decline toward the $142 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n
Major Support Levels \u2013 $155 and $149.<\/p>\n
Major Resistance Levels \u2013 $158 and $162.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana is holding gains above the $150 resistance zone. SOL price is consolidating and might aim for a fresh increase above the $162 resistance zone. SOL price started a fresh increase above the $155 zone against the US Dollar. The price is now trading near $155 and the 100-hourly simple moving average. There is a key rising channel forming with support at $155 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could start another increase if it stays above the $155 support zone. Solana Price Regains Traction Solana price extended its increase above the $155 resistance like Bitcoin and Ethereum. SOL even climbed above $160 before the bears appeared. A high was formed at $162 and the price started a downside correction. There was a move below the $160 and $158 levels. However, the bulls were active near the $155 support zone. A low is formed at $155 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $162 swing high to the $155 low. Solana is now trading near $155 and the 100-hourly simple moving average. There is also a key rising channel forming with support at $155 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $158 level. The next major resistance is near the $160 level. It is close to the 76.4% Fib retracement level of the recent decline from the $162 swing high to the $155 low. The main resistance could be $162. A successful close above the $160 and $162 resistance levels could set the pace for another steady increase. The next key resistance is near $175. Any more gains might send the price toward the $180 level. More Downsides in SOL? If SOL fails to rise above the $158 resistance, it could start another decline. Initial support on the downside is near the $155 level. The first major support is near the $154 level. A break below the $154 level might send the price toward the $149 zone. If there is a close below the $149 support, the price could decline toward the $142 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 $155 and $149. Major Resistance Levels \u2013 $158 and $162.<\/p>\n","protected":false},"author":67,"featured_media":645485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[12837,83626,89318,86410,83627],"class_list":["post-645483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Price (SOL) Holds Crucial Support Level: Is the Rally Still Alive?<\/title>\n<meta name=\"description\" content=\"Solana is holding gains above the $150 resistance 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:\/\/www.wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Price (SOL) Holds Crucial Support Level: Is the Rally Still Alive?","url":"http:\/\/www.wncen.com\/analysis\/solana-price-sol-holds-support-150\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/analysis\/solana-price-sol-holds-support-150\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Solana-surge.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Solana-surge.jpg?fit=1792%2C1024"},"articleSection":"Technical analysis","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["sol","solana","solbtc","solusd","solusdt"],"dateCreated":"2024-09-30T13:48:18Z","datePublished":"2024-09-30T13:48:18Z","dateModified":"2024-09-30T13:48:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Price (SOL) Holds Crucial Support Level: Is the Rally Still Alive?\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/solana-price-sol-holds-support-150\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/analysis\\\/solana-price-sol-holds-support-150\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Solana-surge.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Solana-surge.jpg?fit=1792%2C1024\"},\"articleSection\":\"Technical analysis\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"sol\",\"solana\",\"solbtc\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-09-30T13:48:18Z\",\"datePublished\":\"2024-09-30T13:48:18Z\",\"dateModified\":\"2024-09-30T13:48:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Solana-surge.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/645483"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=645483"}],"version-history":[{"count":2,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/645483\/revisions"}],"predecessor-version":[{"id":645487,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/645483\/revisions\/645487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/645485"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=645483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=645483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=645483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}