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{"id":637762,"date":"2024-08-26T05:58:39","date_gmt":"2024-08-26T05:58:39","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=637762"},"modified":"2024-08-26T05:29:39","modified_gmt":"2024-08-26T05:29:39","slug":"solana-price-sol-162","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/solana-price-sol-162\/","title":{"rendered":"Solana Price (SOL) Could Spark Another Rally by Clearing $162"},"content":{"rendered":"

Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance.<\/em><\/p>\n

\n
SOL price started a fresh upward move above the $150 and $155 levels the US Dollar.<\/li>\n
The price is now trading above $155 and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $158 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start another increase if it clears the $162 resistance zone.<\/li>\n<\/ul>\n
Solana Price Regains Strength Above $155<\/h2>\n
Solana price started a fresh increase above the $150 resistance level. SOL remained stable and gained pace for a move above the $155 resistance level. It even cleared the $160 resistance level, beating Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n
The price traded as high as $162 and is currently consolidating gains. There was a minor correction below the $160 level. The price tested the 23.6% Fib retracement level of the upward move from the $138 swing low to the $162 swing high.<\/p>\n
Solana is now trading well above $150 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $158 on the hourly chart of the SOL\/USD pair.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
On the upside, the price is facing resistance near the $162 level. The next major resistance is near the $165 level. A successful close above the $162 and $165 resistance levels could set the pace for another steady increase. The next key resistance is near $178. Any more gains might send the price toward the $184 level.<\/p>\n
Are Dips Limited in SOL?<\/h2>\n
If SOL fails to rise above the $162 resistance, it could start a downside correction. Initial support on the downside is near the $158 level and the trend line. The first major support is near the $155 level.<\/p>\n
A break below the $155 level might send the price toward $148 or the 61.8% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. If there is a close below the $148 support, the price could decline toward the $135 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 $155.<\/p>\n
Major Resistance Levels \u2013 $162 and $165.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance. SOL price started a fresh upward move above the $150 and $155 levels the US Dollar. The price is now trading above $155 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $158 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could start another increase if it clears the $162 resistance zone. Solana Price Regains Strength Above $155 Solana price started a fresh increase above the $150 resistance level. SOL remained stable and gained pace for a move above the $155 resistance level. It even cleared the $160 resistance level, beating Ethereum and Bitcoin. The price traded as high as $162 and is currently consolidating gains. There was a minor correction below the $160 level. The price tested the 23.6% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. Solana is now trading well above $150 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $158 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $162 level. The next major resistance is near the $165 level. A successful close above the $162 and $165 resistance levels could set the pace for another steady increase. The next key resistance is near $178. Any more gains might send the price toward the $184 level. Are Dips Limited in SOL? If SOL fails to rise above the $162 resistance, it could start a downside correction. Initial support on the downside is near the $158 level and the trend line. The first major support is near the $155 level. A break below the $155 level might send the price toward $148 or the 61.8% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. If there is a close below the $148 support, the price could decline toward the $135 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 $155. Major Resistance Levels \u2013 $162 and $165.<\/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":[],"class_list":["post-637762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":[],"yoast_head":"\nSolana Price (SOL) Could Spark Another Rally by Clearing $162<\/title>\n<meta name=\"description\" content=\"Solana started a fresh increase above the $150 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. 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:\/\/www.ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Price (SOL) Could Spark Another Rally by Clearing $162","url":"http:\/\/www.ktsl888.com\/analysis\/solana-price-sol-162\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/analysis\/solana-price-sol-162\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/SOL-Rise.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.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:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2024-08-26T05:58:39Z","datePublished":"2024-08-26T05:58:39Z","dateModified":"2024-08-26T05:58:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Price (SOL) Could Spark Another Rally by Clearing $162\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/analysis\\\/solana-price-sol-162\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/analysis\\\/solana-price-sol-162\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/SOL-Rise.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.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:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2024-08-26T05:58:39Z\",\"datePublished\":\"2024-08-26T05:58:39Z\",\"dateModified\":\"2024-08-26T05:58:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/SOL-Rise.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/637762"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=637762"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/637762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/637766"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=637762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=637762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=637762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}