{"id":558568,"date":"2023-11-01T13:00:25","date_gmt":"2023-11-01T13:00:25","guid":{"rendered":"https:\/\/ktsl888.com\/?p=558568"},"modified":"2023-11-01T10:46:08","modified_gmt":"2023-11-01T10:46:08","slug":"solana-bull-run-could-smash-through-40-barrier-this-week-heres-how","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana-bull-run-could-smash-through-40-barrier-this-week-heres-how\/","title":{"rendered":"Solana Bull Run Could Smash Through $40 Barrier This Week – Here’s How"},"content":{"rendered":"

Solana (SOL) remains on a relentless upward trajectory, defying even recent reports of the embattled crypto exchange FTX moving millions of funds in SOL and other tokens. The cryptocurrency is now hovering close to a critical resistance point at $40, showcasing remarkable resilience and determination.\u00a0<\/span><\/p>\n

As of the latest data from <\/span>CoinGecko<\/span><\/a>, the current SOL price stands at $37.96, reflecting a 5% increase in the past 24 hours and a seven-day surge of 21.3%.<\/span><\/p>\n

The journey toward $40 has been an exciting one, with SOL appreciating by approximately 80% from its intramonth low of around $21.07, a level it touched near October 12, as per <\/span>CoinMarketCap figures<\/span><\/a>. While SOL has demonstrated its potential, the looming question on everyone’s mind is whether it can indeed break through the $40 resistance and continue its bullish run.<\/span><\/p>\n

Related Reading: THORChain Beats Rivals In Top 100 Coin Rankings With 34% Rally \u2013 How RUNE Did It<\/a><\/div>\n

Solana Bullish Momentum And Technical Indicators<\/strong><\/h2>\n

Last week, there were ominous signs of a reversal when SOL dipped below the $30 mark. However, the Relative Strength Index (RSI) proved to be a strong support as it bounced off at 70, reinforcing the bullish sentiment among traders. This key technical indicator suggested that the cryptocurrency had more room to grow, encouraging traders to keep their buy positions open.<\/span><\/p>\n

An important turning point in <\/span>SOL’s chart<\/span><\/a> was an accumulation drive at the $30 mark. This price level allowed bulls to build the necessary momentum for the resumption of the uptrend.<\/a> The subsequent surge catapulted Solana’s price above $35, bringing it closer to the elusive $40 milestone.<\/span><\/p>\n

Related Reading: Cardano Experiences Decline In Q3 Network Activity \u2013 Unraveling The Root Cause<\/a><\/div>\n
SOLUSD currently trading at $38.48 on the daily chart: TradingView.com<\/a><\/pre>\n
The Path To $40 – Key Metrics To Watch<\/strong><\/h2>\n
As Solana inches closer to the $40 resistance, several key metrics and indicators are worth monitoring to gauge the cryptocurrency’s likelihood of breaking through<\/a> this crucial barrier.<\/span><\/p>\n
Increasing trading volume often accompanies strong price movements. Traders should keep an eye on SOL’s trading volume as a surge in buying interest can indicate a potential breakout.<\/span><\/p>\n
Sentiment analysis across social media platforms, forums, and news sources can provide valuable insights into market sentiment. Positive sentiment may fuel the bullish drive, while negative sentiment could signal potential headwinds.<\/span><\/p>\n
The Solana ecosystem is dynamic and continuously evolving. Any significant developments, partnerships, or platform upgrades can influence SOL’s price trajectory.<\/span><\/p>\n
Solana’s journey to $40 is characterized by a combination of technical strength, market sentiment, and ecosystem developments. While it has shown remarkable resilience,<\/a> achieving this milestone will depend on a confluence of factors. <\/span><\/p>\n
Traders and enthusiasts are eagerly watching for signs of a potential breakout, and the coming days will reveal whether SOL can maintain its bullish momentum and breach the $40 resistance.<\/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 Shutterstock<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Solana (SOL) remains on a relentless upward trajectory, defying even recent reports of the embattled crypto exchange FTX moving millions of funds in SOL and other tokens. The cryptocurrency is now hovering close to a critical resistance point at $40, showcasing remarkable resilience and determination.\u00a0 As of the latest data from CoinGecko, the current SOL price stands at $37.96, reflecting a 5% increase in the past 24 hours and a seven-day surge of 21.3%. The journey toward $40 has been an exciting one, with SOL appreciating by approximately 80% from its intramonth low of around $21.07, a level it touched near October 12, as per CoinMarketCap figures. While SOL has demonstrated its potential, the looming question on everyone’s mind is whether it can indeed break through the $40 resistance and continue its bullish run. Related Reading: THORChain Beats Rivals In Top 100 Coin Rankings With 34% Rally \u2013 How RUNE Did It Solana Bullish Momentum And Technical Indicators Last week, there were ominous signs of a reversal when SOL dipped below the $30 mark. However, the Relative Strength Index (RSI) proved to be a strong support as it bounced off at 70, reinforcing the bullish sentiment among traders. This key technical indicator suggested that the cryptocurrency had more room to grow, encouraging traders to keep their buy positions open. An important turning point in SOL’s chart was an accumulation drive at the $30 mark. This price level allowed bulls to build the necessary momentum for the resumption of the uptrend. The subsequent surge catapulted Solana’s price above $35, bringing it closer to the elusive $40 milestone. Related Reading: Cardano Experiences Decline In Q3 Network Activity \u2013 Unraveling The Root Cause SOLUSD currently trading at $38.48 on the daily chart: TradingView.com The Path To $40 – Key Metrics To Watch As Solana inches closer to the $40 resistance, several key metrics and indicators are worth monitoring to gauge the cryptocurrency’s likelihood of breaking through this crucial barrier. Increasing trading volume often accompanies strong price movements. Traders should keep an eye on SOL’s trading volume as a surge in buying interest can indicate a potential breakout. Sentiment analysis across social media platforms, forums, and news sources can provide valuable insights into market sentiment. Positive sentiment may fuel the bullish drive, while negative sentiment could signal potential headwinds. The Solana ecosystem is dynamic and continuously evolving. Any significant developments, partnerships, or platform upgrades can influence SOL’s price trajectory. Solana’s journey to $40 is characterized by a combination of technical strength, market sentiment, and ecosystem developments. While it has shown remarkable resilience, achieving this milestone will depend on a confluence of factors. Traders and enthusiasts are eagerly watching for signs of a potential breakout, and the coming days will reveal whether SOL can maintain its bullish momentum and breach the $40 resistance. (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 Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":558576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,84543],"tags":[142,1144,8686,4735,86420,83626],"class_list":["post-558568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-solana","tag-altcoins","tag-btcusd","tag-ethusd","tag-price-action","tag-sol-price","tag-solana"],"acf":[],"yoast_head":"\nSolana Bull Run Could Smash Through $40 Barrier - Here's How<\/title>\n<meta name=\"description\" content=\"Solana (SOL) remains on a relentless upward trajectory, defying even recent reports of the embattled crypto exchange FTX moving millions of funds in SOL\" \/>\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-bull-run-could-smash-through-40-barrier-this-week-heres-how\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Bull Run Could Smash Through $40 Barrier - 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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 Bull Run Could Smash Through $40 Barrier This Week – Here’s How","url":"http:\/\/ktsl888.com\/news\/solana-bull-run-could-smash-through-40-barrier-this-week-heres-how\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/solana-bull-run-could-smash-through-40-barrier-this-week-heres-how\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-5.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/a-5.png?fit=354%2C210"},"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":["altcoins","btcusd","ethusd","price action","sol price","solana"],"dateCreated":"2023-11-01T13:00:25Z","datePublished":"2023-11-01T13:00:25Z","dateModified":"2023-11-01T13:00:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Bull Run Could Smash Through $40 Barrier This Week – Here’s How\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana-bull-run-could-smash-through-40-barrier-this-week-heres-how\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana-bull-run-could-smash-through-40-barrier-this-week-heres-how\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-5.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-5.png?fit=354%2C210\"},\"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\":[\"altcoins\",\"btcusd\",\"ethusd\",\"price action\",\"sol price\",\"solana\"],\"dateCreated\":\"2023-11-01T13:00:25Z\",\"datePublished\":\"2023-11-01T13:00:25Z\",\"dateModified\":\"2023-11-01T13:00:25Z\"}<\/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\/11\/a-5.png?fit=354%2C210","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/558568"}],"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=558568"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/558568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/558576"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=558568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=558568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=558568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}