{"id":498295,"date":"2022-08-10T13:19:34","date_gmt":"2022-08-10T13:19:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=498295"},"modified":"2022-08-10T13:19:34","modified_gmt":"2022-08-10T13:19:34","slug":"sol-fails-to-notch-new-60-day-peak","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana\/sol-fails-to-notch-new-60-day-peak\/","title":{"rendered":"SOL Fails To Notch New 60-Day Peak, Despite Recent Advances"},"content":{"rendered":"

Price movement for Solana (SOL) looks outright bullish but at the same time sluggish as it\u2019s unable to keep up with buyer demands.\u00a0\u00a0<\/span><\/p>\n

Solana is currently trading sideways forming an ascending triangle pattern. The 50-day EMA serves as its support level. Buyers were on a shopping spree last night which kickstarted the volume pumping it up at 140%.<\/span><\/p>\n

The bulls are in control of SOL price moving it higher, while the bears are trying to take over. Bitcoin\u2019s massive sell-off has impacted other altcoins including SOL. If the current momentum doesn\u2019t swerve in a specific direction, SOL could be stuck in between.<\/span><\/p>\n

Related Reading: CryptoDickbutts NFTs Erect Nearly 700% In Daily Sales Volume <\/a><\/div>\n

Massive Buying Activity Pushes Trading Volume Up<\/b><\/h2>\n

The price action is currently exhibiting higher-highs specifically for SOL, but the bears were able to market it at the $46 zone. With that in mind, SOL is currently swinging within the ascending triangle pattern.<\/span><\/p>\n

According to CoinMarketCap, while stuck within the triangle pattern, SOL has nosedived by 4.68% or trades at $39.76 as of this writing.\u00a0\u00a0<\/span><\/p>\n

The uncertainty lingering with altcoin prices as it moves up inching near the trendline for the past couple of days has propelled buyers to buy aggressively pumping up the coin\u2019s total volume at 140% or $1 billion overnight.<\/span><\/p>\n

Recently, SOL\u2019s RSI breached the downsloping trending after it has touched the oversold mark. With that in mind, the bulls have the propensity to push the token’s price hovering above the resistance line. <\/span><\/p>\n

SOL is currently wading through unidirectional waters and buyers should wait for a cue towards the directional move.<\/span><\/p>\n

SOL Price Squeezed In Between Bears And Bulls<\/b><\/h2>\n

SOL price has seen both higher lows and lower highs which reveal a tremendous squeeze for the coin. But, Solana\u2019s most recent attempt on August 8 to push higher has set a new lower high spotted at $43.77.\u00a0<\/span><\/p>\n

Although the token is fighting relentlessly to recover its loss, the market is now dominated by the bears. In this light, investors should anticipate a consolidation for SOL price and followed by a breach of the support level found at $38.22.<\/span><\/p>\n

Related Reading: Decentraland Blooms In Green In Last 4 Days; Boosts Traders\u2019 Appetite In MANA<\/a><\/div>\n

Doing so might potentially trigger a crash of 17% in SOL which may ensure a revisit at $31.66. Even though this level may function as a support line, it might be corroded because of the liquidity found below it. <\/span><\/p>\n

Once this level is breached, the coin might return to the weekly support level of $24.52 and then collect the liquidity that rests below it which was formed from June 13 to 19.<\/span><\/p>\n

However, if SOL price can successfully jump above the support line of $38.22 support level and manage to break the hurdle set at $47.43 hurdle, then this will definitely challenge the bullish thesis.<\/span><\/p>\n

<\/span><\/p>\n

SOL total market cap at $14.5 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Gettotext, Chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Price movement for Solana (SOL) looks outright bullish but at the same time sluggish as it\u2019s unable to keep up with buyer demands.\u00a0\u00a0 Solana is currently trading sideways forming an ascending triangle pattern. The 50-day EMA serves as its support level. Buyers were on a shopping spree last night which kickstarted the volume pumping it up at 140%. The bulls are in control of SOL price moving it higher, while the bears are trying to take over. Bitcoin\u2019s massive sell-off has impacted other altcoins including SOL. If the current momentum doesn\u2019t swerve in a specific direction, SOL could be stuck in between. Related Reading: CryptoDickbutts NFTs Erect Nearly 700% In Daily Sales Volume Massive Buying Activity Pushes Trading Volume Up The price action is currently exhibiting higher-highs specifically for SOL, but the bears were able to market it at the $46 zone. With that in mind, SOL is currently swinging within the ascending triangle pattern. According to CoinMarketCap, while stuck within the triangle pattern, SOL has nosedived by 4.68% or trades at $39.76 as of this writing.\u00a0\u00a0 The uncertainty lingering with altcoin prices as it moves up inching near the trendline for the past couple of days has propelled buyers to buy aggressively pumping up the coin\u2019s total volume at 140% or $1 billion overnight. Recently, SOL\u2019s RSI breached the downsloping trending after it has touched the oversold mark. With that in mind, the bulls have the propensity to push the token’s price hovering above the resistance line. SOL is currently wading through unidirectional waters and buyers should wait for a cue towards the directional move. SOL Price Squeezed In Between Bears And Bulls SOL price has seen both higher lows and lower highs which reveal a tremendous squeeze for the coin. But, Solana\u2019s most recent attempt on August 8 to push higher has set a new lower high spotted at $43.77.\u00a0 Although the token is fighting relentlessly to recover its loss, the market is now dominated by the bears. In this light, investors should anticipate a consolidation for SOL price and followed by a breach of the support level found at $38.22. Related Reading: Decentraland Blooms In Green In Last 4 Days; Boosts Traders\u2019 Appetite In MANA Doing so might potentially trigger a crash of 17% in SOL which may ensure a revisit at $31.66. Even though this level may function as a support line, it might be corroded because of the liquidity found below it. Once this level is breached, the coin might return to the weekly support level of $24.52 and then collect the liquidity that rests below it which was formed from June 13 to 19. However, if SOL price can successfully jump above the support line of $38.22 support level and manage to break the hurdle set at $47.43 hurdle, then this will definitely challenge the bullish thesis. SOL total market cap at $14.5 billion on the daily chart | Source: TradingView.com Featured image from Gettotext, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":498300,"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":[1144,65296,8686,12837,83626,85361],"class_list":["post-498295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-btcusd","tag-ethbtc","tag-ethusd","tag-sol","tag-solana","tag-solana-price"],"acf":[],"yoast_head":"\nSOL Fails To Notch New 60-Day Peak, Despite Recent Advances<\/title>\n<meta name=\"description\" content=\"Price movement for Solana (SOL) looks outright bullish but at the same time sluggish as it\u2019s unable to keep up with buyer demands.\u00a0\u00a0 Solana is currently\" \/>\n<meta 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"SOL Fails To Notch New 60-Day Peak, Despite Recent Advances","url":"http:\/\/ktsl888.com\/news\/solana\/sol-fails-to-notch-new-60-day-peak\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/solana\/sol-fails-to-notch-new-60-day-peak\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/SOL-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/SOL-1.png?fit=679%2C277"},"articleSection":"Solana","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethbtc","ethusd","sol","solana","solana price"],"dateCreated":"2022-08-10T13:19:34Z","datePublished":"2022-08-10T13:19:34Z","dateModified":"2022-08-10T13:19:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SOL Fails To Notch New 60-Day Peak, Despite Recent Advances\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/sol-fails-to-notch-new-60-day-peak\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/sol-fails-to-notch-new-60-day-peak\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/SOL-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/SOL-1.png?fit=679%2C277\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"sol\",\"solana\",\"solana price\"],\"dateCreated\":\"2022-08-10T13:19:34Z\",\"datePublished\":\"2022-08-10T13:19:34Z\",\"dateModified\":\"2022-08-10T13:19:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/08\/SOL-1.png?fit=679%2C277","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/498295"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=498295"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/498295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/498300"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=498295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=498295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=498295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}