{"id":649037,"date":"2024-10-21T10:30:51","date_gmt":"2024-10-21T10:30:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=649037"},"modified":"2024-10-21T09:38:10","modified_gmt":"2024-10-21T09:38:10","slug":"solana-bulls-push-past-164-barrier","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana\/solana-bulls-push-past-164-barrier\/","title":{"rendered":"Solana Bulls Push Past $164 Barrier, Momentum Signals More Gains"},"content":{"rendered":"

Solana<\/span> has broken through the critical $164 level, fueled by strong bullish momentum, pushing the price higher. With the <\/span>bulls<\/span><\/a> leading this charge, the question remains: how far can this rally go? As Solana shows no signs of slowing down, all eyes are on whether it can sustain this newfound strength and continue to climb to new heights.<\/span><\/p>\n

With optimism building around SOL’s potential for continued growth, this article aims to analyze the recent price surge past the $164 level, focusing on the upbeat momentum propelling the <\/span>rally<\/span>. It will assess the likelihood of further gains, evaluate key support and <\/span>resistance<\/span><\/a> levels, and provide insights into whether the current trend is sustainable.<\/span><\/p>\n

Technical Analysis: What SOL\u2019s Chart Signals Reveal<\/h2>\n

Currently, on the 4-hour chart, SOL is sustaining its position after successfully surpassing the $164 mark while trading above the 100-day Simple Moving Average (SMA). By maintaining its position above this level and the 100-day SMA, SOL demonstrates resilience and potential for more upward <\/span>momentum<\/span><\/a> toward the resistance of $194.<\/span><\/p>\n

\"Solana\"
Solana crossing the $164 level and the 100-day SMA | Source: SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

An analysis of the 4-hour Relative Strength Index (RSI) shows a significant surge, climbing to 81% from its previous low of 44%, indicating strong <\/span>bullish<\/span><\/a> pressure for Solana. While this increase signals growing positive market sentiment, it also raises concerns about the rally’s sustainability, as a possible price correction could occur if profit-taking ensues.<\/span><\/p>\n

Related Reading: Solana Prepares For A 20% Rally \u2013 Can SOL Reclaim $176?<\/a><\/div>\n

Furthermore, the daily chart indicates that SOL is trading above the 100-day SMA, a strong signal of upside movement. This push is marked by a rebound at $137, demonstrating significant buying interest. The fact that SOL is consistently above the 100-day SMA suggests a solid trend and that the bulls are eager to push prices higher if pressure continues to build.<\/span><\/p>\n

\"Solana\"
SOL displaying strong upward movement after surpassing the 100-day SMA | Source: SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Lastly, the RSI on the daily chart is currently positioned at 68%, significantly above the pivotal 50% threshold, which indicates a bullish trend for Solana. At 68%, the RSI indicates that SOL’s upward pressure will likely persist, supporting the possibility of continued price <\/span>gains<\/span><\/a> in the near term as it has not yet reached the overbought territory.<\/span><\/p>\n

Upside Potential: Could Solana Reach New Highs?<\/h2>\n

The recent <\/span>surge<\/span><\/a> past $164 has sparked speculation about Solana’s potential for <\/span>new highs<\/span><\/a>. If the upward momentum continues, it could open the door for further movement toward the $194 resistance level. A breakout above this level might set Solana on a path to challenge the resistance at $209 and possibly even higher.<\/span><\/p>\n

Related Reading: Solana (SOL) Reclaims $150: Is The Rally Back On?<\/a><\/div>\n

However, it\u2019s crucial to remain vigilant for possible pullbacks that could cause the price to drift downward toward the $164 support level. Additionally, a break below this level could pave the way for further declines, potentially targeting the $137 <\/span>support<\/span><\/a> level and other subsequent support zones.<\/span><\/p>\n

\"Solana\"
SOL trading at $167 on the 1D chart | Source: SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Unsplash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Solana has broken through the critical $164 level, fueled by strong bullish momentum, pushing the price higher. With the bulls leading this charge, the question remains: how far can this rally go? As Solana shows no signs of slowing down, all eyes are on whether it can sustain this newfound strength and continue to climb to new heights. With optimism building around SOL’s potential for continued growth, this article aims to analyze the recent price surge past the $164 level, focusing on the upbeat momentum propelling the rally. It will assess the likelihood of further gains, evaluate key support and resistance levels, and provide insights into whether the current trend is sustainable. Technical Analysis: What SOL\u2019s Chart Signals Reveal Currently, on the 4-hour chart, SOL is sustaining its position after successfully surpassing the $164 mark while trading above the 100-day Simple Moving Average (SMA). By maintaining its position above this level and the 100-day SMA, SOL demonstrates resilience and potential for more upward momentum toward the resistance of $194. An analysis of the 4-hour Relative Strength Index (RSI) shows a significant surge, climbing to 81% from its previous low of 44%, indicating strong bullish pressure for Solana. While this increase signals growing positive market sentiment, it also raises concerns about the rally’s sustainability, as a possible price correction could occur if profit-taking ensues. Related Reading: Solana Prepares For A 20% Rally \u2013 Can SOL Reclaim $176? Furthermore, the daily chart indicates that SOL is trading above the 100-day SMA, a strong signal of upside movement. This push is marked by a rebound at $137, demonstrating significant buying interest. The fact that SOL is consistently above the 100-day SMA suggests a solid trend and that the bulls are eager to push prices higher if pressure continues to build. Lastly, the RSI on the daily chart is currently positioned at 68%, significantly above the pivotal 50% threshold, which indicates a bullish trend for Solana. At 68%, the RSI indicates that SOL’s upward pressure will likely persist, supporting the possibility of continued price gains in the near term as it has not yet reached the overbought territory. Upside Potential: Could Solana Reach New Highs? The recent surge past $164 has sparked speculation about Solana’s potential for new highs. If the upward momentum continues, it could open the door for further movement toward the $194 resistance level. A breakout above this level might set Solana on a path to challenge the resistance at $209 and possibly even higher. Related Reading: Solana (SOL) Reclaims $150: Is The Rally Back On? However, it\u2019s crucial to remain vigilant for possible pullbacks that could cause the price to drift downward toward the $164 support level. Additionally, a break below this level could pave the way for further declines, potentially targeting the $137 support level and other subsequent support zones. Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":649038,"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":[16393,14763,91599,85676,12837,83626,86410,83627],"class_list":["post-649037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma","tag-sol","tag-solana","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Bulls Push Past $164 Barrier, Momentum Signals More Gains<\/title>\n<meta name=\"description\" content=\"Solana has broken through the critical $164 level, fueled by strong bullish momentum, pushing the price higher.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Bulls Push Past $164 Barrier, Momentum Signals More Gains","url":"http:\/\/ktsl888.com\/news\/solana\/solana-bulls-push-past-164-barrier\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/solana\/solana-bulls-push-past-164-barrier\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Solana-from-Unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Solana-from-Unsplash-2.jpg?fit=3000%2C1688"},"articleSection":"Solana","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["relative strength index","rsi","simple moving average","sma","sol","solana","solusd","solusdt"],"dateCreated":"2024-10-21T10:30:51Z","datePublished":"2024-10-21T10:30:51Z","dateModified":"2024-10-21T10:30:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Bulls Push Past $164 Barrier, Momentum Signals More Gains\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-bulls-push-past-164-barrier\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/solana\\\/solana-bulls-push-past-164-barrier\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Solana-from-Unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Solana-from-Unsplash-2.jpg?fit=3000%2C1688\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\",\"sol\",\"solana\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-10-21T10:30:51Z\",\"datePublished\":\"2024-10-21T10:30:51Z\",\"dateModified\":\"2024-10-21T10:30:51Z\"}<\/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\/2024\/10\/Solana-from-Unsplash-2.jpg?fit=3000%2C1688","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/649037"}],"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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=649037"}],"version-history":[{"count":2,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/649037\/revisions"}],"predecessor-version":[{"id":649048,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/649037\/revisions\/649048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/649038"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=649037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=649037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=649037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}