{"id":542295,"date":"2023-07-12T06:38:53","date_gmt":"2023-07-12T06:38:53","guid":{"rendered":"https:\/\/ktsl888.com\/?p=542295"},"modified":"2023-07-12T06:38:53","modified_gmt":"2023-07-12T06:38:53","slug":"solana-sol-price-climbs-15-a-positive-outlook-for-investors","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana-sol-price-climbs-15-a-positive-outlook-for-investors\/","title":{"rendered":"Solana (SOL) Price Climbs 15% – A Positive Outlook For Investors?"},"content":{"rendered":"

Solana (SOL) has recently made a significant breakthrough, successfully shattering both long-term and short-term resistance lines and marking a pivotal moment for the cryptocurrency’s future.<\/span><\/p>\n

Resistance lines are an essential concept in technical analysis that represent price levels where selling pressure historically outweighed buying pressure, resulting in a temporary halt or reversal in an asset’s price movement.<\/span><\/p>\n

In the case of SOL, the breakthrough of both long-term and short-term resistance lines signifies a significant shift in the market dynamics.<\/span><\/p>\n

Breakout Signals A Shift In SOL Price Movement<\/strong><\/h2>\n

Analyzing the <\/span>weekly time frame<\/span><\/a> reveals an important development for Solana. Last week, SOL managed to break out from a long-term descending resistance line. Remarkably, this resistance line had been in place for a staggering 600 days, originating from the all-time high reached back in November 2021.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin (DOGE) Price Downtrend Set To Persist \u2013 What To Expect<\/a><\/div>\n

Breakouts from such extended structures often serve as a significant indication that the preceding trend has concluded and a new one has commenced, but in the opposite direction.<\/span><\/p>\n

<\/p>\n

SOL market cap nearing the $9 billion mark. Chart: TradingView.com<\/a><\/pre>\n
Considering <\/span>SOL’s recent breakout<\/span><\/a> from the long-term descending resistance line, it is highly likely that the cryptocurrency has initiated a new bullish trend reversal. <\/span><\/p>\n
Related Reading: Cardano Price Momentum Bid Fizzles Out Despite New Payment Feature<\/a><\/div>\n
This breakthrough represents a major shift in the market dynamics for SOL, suggesting that the selling pressure that previously impeded its progress has weakened or been overcome by increasing buying pressure.\u00a0<\/span><\/p>\n
As a result, the stage is set for SOL to potentially experience an upward surge in value and embark on a new bullish trajectory.<\/span><\/p>\n
\"\"<\/p>\n
Source: Benzinga<\/pre>\n
Meanwhile, over the previous week, Solana has experienced a notable 98.0% surge in trading volume, accompanied by a 0.91% rise in the coin’s circulating supply.<\/p>\n
Current SOL Price And Recent Performance<\/strong><\/h2>\n
At present, the <\/span>SOL price listed on CoinGecko<\/span><\/a> stands at $22.07, highlighting a notable 1.7% rally within the past 24 hours. Over the course of the last seven days, SOL has exhibited an impressive climb of 14.7%. <\/span><\/p>\n
These recent price movements further support the notion of a potential bullish trend reversal, as SOL continues to gather positive momentum.<\/span><\/p>\n
\"Solana\"<\/p>\n
Source: Coingecko<\/pre>\n
While the current analysis suggests a bullish outlook for Solana, it is essential to acknowledge the possibility of a price correction. If SOL loses its current momentum, there is a chance that it could retrace to the descending resistance line. <\/span><\/p>\n
However, it is worth noting that there are no immediate indications or signals in the short term to suggest such a decline is likely to occur.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>POSITRAN<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Solana (SOL) has recently made a significant breakthrough, successfully shattering both long-term and short-term resistance lines and marking a pivotal moment for the cryptocurrency’s future. Resistance lines are an essential concept in technical analysis that represent price levels where selling pressure historically outweighed buying pressure, resulting in a temporary halt or reversal in an asset’s price movement. In the case of SOL, the breakthrough of both long-term and short-term resistance lines signifies a significant shift in the market dynamics. Breakout Signals A Shift In SOL Price Movement Analyzing the weekly time frame reveals an important development for Solana. Last week, SOL managed to break out from a long-term descending resistance line. Remarkably, this resistance line had been in place for a staggering 600 days, originating from the all-time high reached back in November 2021.\u00a0 Related Reading: Dogecoin (DOGE) Price Downtrend Set To Persist \u2013 What To Expect Breakouts from such extended structures often serve as a significant indication that the preceding trend has concluded and a new one has commenced, but in the opposite direction. SOL market cap nearing the $9 billion mark. Chart: TradingView.com Considering SOL’s recent breakout from the long-term descending resistance line, it is highly likely that the cryptocurrency has initiated a new bullish trend reversal. Related Reading: Cardano Price Momentum Bid Fizzles Out Despite New Payment Feature This breakthrough represents a major shift in the market dynamics for SOL, suggesting that the selling pressure that previously impeded its progress has weakened or been overcome by increasing buying pressure.\u00a0 As a result, the stage is set for SOL to potentially experience an upward surge in value and embark on a new bullish trajectory. Source: Benzinga Meanwhile, over the previous week, Solana has experienced a notable 98.0% surge in trading volume, accompanied by a 0.91% rise in the coin’s circulating supply. Current SOL Price And Recent Performance At present, the SOL price listed on CoinGecko stands at $22.07, highlighting a notable 1.7% rally within the past 24 hours. Over the course of the last seven days, SOL has exhibited an impressive climb of 14.7%. These recent price movements further support the notion of a potential bullish trend reversal, as SOL continues to gather positive momentum. Source: Coingecko While the current analysis suggests a bullish outlook for Solana, it is essential to acknowledge the possibility of a price correction. If SOL loses its current momentum, there is a chance that it could retrace to the descending resistance line. However, it is worth noting that there are no immediate indications or signals in the short term to suggest such a decline is likely to occur. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from POSITRAN<\/p>\n","protected":false},"author":557,"featured_media":542308,"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":[142,1144,8686,4735,86420,83626],"class_list":["post-542295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-price-action","tag-sol-price","tag-solana"],"acf":[],"yoast_head":"\nSolana (SOL) Price Climbs 15% - A Positive Outlook For Investors?<\/title>\n<meta name=\"description\" content=\"Solana (SOL) has recently made a significant breakthrough, successfully shattering both long-term and short-term resistance lines and marking a pivotal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/solana-sol-price-climbs-15-a-positive-outlook-for-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana (SOL) Price Climbs 15% - 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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":"Solana (SOL) Price Climbs 15% – A Positive Outlook For Investors?","url":"http:\/\/ktsl888.com\/news\/solana-sol-price-climbs-15-a-positive-outlook-for-investors\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/solana-sol-price-climbs-15-a-positive-outlook-for-investors\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-67.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-67.png?fit=843%2C420"},"articleSection":"Cryptocurrency Market News","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":["altcoins","btcusd","ethusd","price action","sol price","solana"],"dateCreated":"2023-07-12T06:38:53Z","datePublished":"2023-07-12T06:38:53Z","dateModified":"2023-07-12T06:38:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana (SOL) Price Climbs 15% – A Positive Outlook For Investors?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana-sol-price-climbs-15-a-positive-outlook-for-investors\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana-sol-price-climbs-15-a-positive-outlook-for-investors\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-67.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-67.png?fit=843%2C420\"},\"articleSection\":\"Cryptocurrency Market News\",\"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\":[\"altcoins\",\"btcusd\",\"ethusd\",\"price action\",\"sol price\",\"solana\"],\"dateCreated\":\"2023-07-12T06:38:53Z\",\"datePublished\":\"2023-07-12T06:38:53Z\",\"dateModified\":\"2023-07-12T06:38:53Z\"}<\/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\/2023\/07\/a-67.png?fit=843%2C420","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542295"}],"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=542295"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/542295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/542308"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=542295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=542295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=542295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}