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{"id":609040,"date":"2024-05-21T03:28:13","date_gmt":"2024-05-21T03:28:13","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609040"},"modified":"2024-06-11T14:46:02","modified_gmt":"2024-06-11T14:46:02","slug":"solana-price-marches-200","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana-price-marches-200\/","title":{"rendered":"Solana Price Marches Toward $200, Why SOL Turned Attractive On Dips"},"content":{"rendered":"

Solana started a fresh increase above the $175 resistance. SOL price is up nearly 10% and might continue to rise if it clears the $188 resistance.<\/em><\/p>\n

\n
SOL price jumped higher and tested the $188 resistance against the US Dollar.<\/li>\n
The price is now trading above $180 and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $175 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could clear the $188 resistance unless it fails to stay above $175.<\/li>\n<\/ul>\n
Solana Price Starts Fresh Surge<\/h2>\n
Solana price formed a support base near the $166 level and started a fresh increase. SOL followed recent Bitcoin<\/a> and Ethereum<\/a> surge to move into a positive zone.<\/p>\n
There was a move above the $175 and $180 resistance levels. The price even tested the $188 resistance. A high was formed at $188.00 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $166 swing low to the $188 high.<\/p>\n
Solana is now trading above $188 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $175 on the hourly chart of the SOL\/USD pair.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Immediate resistance is near the $185 level. The next major resistance is near the $188 level. A successful close above the $188 resistance could set the pace for another major increase. The next key resistance is near $195. Any more gains might send the price toward the $200 level.<\/p>\n
Are Dips Supported in SOL?<\/h2>\n
If SOL fails to rally above the $188 resistance, it could start a downside correction. Initial support on the downside is near the $182 level. The first major support is near the $178 level and the trend line.<\/p>\n
The 50% Fib retracement level of the upward move from the $166 swing low to the $188 high is also at $178, below which the price could test $175. If there is a close below the $175 support, the price could decline toward the $166 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n
Major Support Levels \u2013 $158, and $152.<\/p>\n
Major Resistance Levels \u2013 $165, $172, and $180.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a fresh increase above the $175 resistance. SOL price is up nearly 10% and might continue to rise if it clears the $188 resistance. SOL price jumped higher and tested the $188 resistance against the US Dollar. The price is now trading above $180 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $175 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could clear the $188 resistance unless it fails to stay above $175. Solana Price Starts Fresh Surge Solana price formed a support base near the $166 level and started a fresh increase. SOL followed recent Bitcoin and Ethereum surge to move into a positive zone. There was a move above the $175 and $180 resistance levels. The price even tested the $188 resistance. A high was formed at $188.00 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $166 swing low to the $188 high. Solana is now trading above $188 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $175 on the hourly chart of the SOL\/USD pair. Immediate resistance is near the $185 level. The next major resistance is near the $188 level. A successful close above the $188 resistance could set the pace for another major increase. The next key resistance is near $195. Any more gains might send the price toward the $200 level. Are Dips Supported in SOL? If SOL fails to rally above the $188 resistance, it could start a downside correction. Initial support on the downside is near the $182 level. The first major support is near the $178 level and the trend line. The 50% Fib retracement level of the upward move from the $166 swing low to the $188 high is also at $178, below which the price could test $175. If there is a close below the $175 support, the price could decline toward the $166 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 $158, and $152. Major Resistance Levels \u2013 $165, $172, and $180.<\/p>\n","protected":false},"author":67,"featured_media":609042,"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-609040","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":"\nSolana Price Marches Toward $200, Why SOL Turned Attractive On Dips<\/title>\n<meta name=\"description\" content=\"Solana started a fresh increase above the $175 resistance. 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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. 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