{"id":647800,"date":"2024-10-14T06:48:58","date_gmt":"2024-10-14T06:48:58","guid":{"rendered":"https:\/\/wncen.com\/?p=647800"},"modified":"2024-10-14T07:51:48","modified_gmt":"2024-10-14T07:51:48","slug":"solana-sol-reclaims-150","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/solana-sol-reclaims-150\/","title":{"rendered":"Solana (SOL) Reclaims $150: Is The Rally Back On?"},"content":{"rendered":"<p><em>Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance.<\/em><\/p>\n<ul>\n<li>SOL price is attempting a fresh increase above the $142 pivot level against the US Dollar.<\/li>\n<li>The price is now trading above $148 and the 100-hourly simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it breaks the $155 resistance zone.<\/li>\n<\/ul>\n<h2>Solana Price Regains Traction<\/h2>\n<p>Solana price climbed above the $138 and $140 levels. SOL gained pace after there was a close above the $145 resistance level, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-climb-63k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-momentum-2520\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. Finally, the bulls pushed the price above the $150 level.<\/p>\n<p>A high was formed at $153.22 and the price is now consolidating gains. There was a minor pullback below the $152 level. The price tested the 23.6% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high.<\/p>\n<p>Solana is now trading above $145 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL\/USD pair.<\/p>\n<p>On the upside, the price is facing resistance near the $153.50 level. The next major resistance is near the $155 level. The main resistance could be $158.<\/p>\n<figure id=\"attachment_647801\" aria-describedby=\"caption-attachment-647801\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-647801 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?resize=1024%2C449\" alt=\"Solana Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Solana_957b89.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-647801\" 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>A successful close above the $155 and $158 resistance levels could set the pace for another steady increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 level. The first major support is near the $147.50 level or the trend line. It is close to the 61.8% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high.<\/p>\n<p>A break below the $147.50 level might send the price toward the $144.50 zone. If there is a close below the $144.50 support, the price could decline toward the $138 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $147.50 and $144.40.<\/p>\n<p>Major Resistance Levels \u2013 $155 and $162.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance. SOL price is attempting a fresh increase above the $142 pivot level against the US Dollar. The price is now trading above $148 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could gain bullish momentum if it breaks the $155 resistance zone. Solana Price Regains Traction Solana price climbed above the $138 and $140 levels. SOL gained pace after there was a close above the $145 resistance level, like Bitcoin and Ethereum. Finally, the bulls pushed the price above the $150 level. A high was formed at $153.22 and the price is now consolidating gains. There was a minor pullback below the $152 level. The price tested the 23.6% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high. Solana is now trading above $145 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $153.50 level. The next major resistance is near the $155 level. The main resistance could be $158. A successful close above the $155 and $158 resistance levels could set the pace for another steady increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level. Another Decline in SOL? If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 level. The first major support is near the $147.50 level or the trend line. It is close to the 61.8% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high. A break below the $147.50 level might send the price toward the $144.50 zone. If there is a close below the $144.50 support, the price could decline toward the $138 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level. Major Support Levels \u2013 $147.50 and $144.40. Major Resistance Levels \u2013 $155 and $162.<\/p>\n","protected":false},"author":67,"featured_media":637766,"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-647800","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":"\n<title>Solana (SOL) Reclaims $150: Is The Rally Back On?<\/title>\n<meta name=\"description\" content=\"Solana climbed higher above the $140 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:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana (SOL) Reclaims $150: Is The Rally Back On?","url":"http:\/\/wncen.com\/analysis\/solana-sol-reclaims-150\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/solana-sol-reclaims-150\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/SOL-Rise.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/SOL-Rise.jpg?fit=1792%2C1024"},"articleSection":"Technical analysis","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":"2024-10-14T06:48:58Z","datePublished":"2024-10-14T06:48:58Z","dateModified":"2024-10-14T07:51:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana (SOL) Reclaims $150: Is The Rally Back On?\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/solana-sol-reclaims-150\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/solana-sol-reclaims-150\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/SOL-Rise.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/SOL-Rise.jpg?fit=1792%2C1024\"},\"articleSection\":\"Technical analysis\",\"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\":\"2024-10-14T06:48:58Z\",\"datePublished\":\"2024-10-14T06:48:58Z\",\"dateModified\":\"2024-10-14T07:51:48Z\"}<\/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\/08\/SOL-Rise.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/647800"}],"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=647800"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/647800\/revisions"}],"predecessor-version":[{"id":647802,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/647800\/revisions\/647802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/637766"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=647800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=647800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=647800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}