{"id":511337,"date":"2022-12-06T11:55:26","date_gmt":"2022-12-06T16:55:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=511337"},"modified":"2022-12-06T11:55:26","modified_gmt":"2022-12-06T16:55:26","slug":"solana-price-could-target-15-if-it-breaches-these-levels","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/","title":{"rendered":"Solana Price Could Target $15 If It Breaches These Levels"},"content":{"rendered":"<p>The Solana price has turned bullish on the daily chart. Over the last 24 hours, the altcoin has risen by 1%. SOL has logged close to a 6% gain in the last week. Although the coin depicts positive price action on the daily time frame, the bulls might fade on the weekly time frame if demand for SOL doesn&#8217;t appreciate.<\/p>\n<p>The technical outlook of the Solana price indicated accumulation, which meant that demand was returning in the market. The asset&#8217;s price has crossed the $14 mark, which has acted as a stiff resistance for the coin.<\/p>\n<p>Despite that, SOL has not secured the $14 mark as a solid support line. If buyers start to wane, SOL could fall to its next support line. SOL trades at a 94% discount to its all-time high set in 2021. There are two important price resistances that SOL has to break through to target a move to $15. A move below $14 will land the altcoin near the $13.60 support line.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/santa-came-early-in-crypto-bitcoin-rally-may-have-passed\/\" target=\"_blank\" rel=\"noopener \">Santa Came Early In Crypto? Bitcoin Rally May Have Passed<\/a><\/div>\n<h2>Solana Price Analysis: One-Day Chart<\/h2>\n<figure id=\"attachment_511342\" aria-describedby=\"caption-attachment-511342\" style=\"width: 1816px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-511342 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?resize=1816%2C782\" alt=\"Solana Price\" width=\"1816\" height=\"782\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?w=1816 1816w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_18-58-41.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-511342\" class=\"wp-caption-text\">Solana was priced at $14 on the one-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/?exchange=BINANCE\" target=\"_blank\" rel=\"noopener nofollow\">SOLUSD on TradingView<\/a><\/figcaption><\/figure>\n<p>SOL was exchanging hands at $14 on the one-day chart. The bulls could finally push through the $14 resistance mark; however, demand for the coin remains wobbly despite an uptick. Bulls must ensure that the Solana price remains above the $14 mark to surpass the two vital trading levels.<\/p>\n<p>Immediate resistance was at $14.20, above which SOL would face resistance at $14.90 before revisiting $15. The nearest support line for Solana was at $13.60; however, a fall to $13.60 could further drag the asset price to $12. The amount of SOL traded in the last session was green, which showed short-term bullishness.<\/p>\n<h2>Technical Analysis<\/h2>\n<figure id=\"attachment_511343\" aria-describedby=\"caption-attachment-511343\" style=\"width: 1816px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-511343 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?resize=1816%2C695\" alt=\"Solana Price\" width=\"1816\" height=\"695\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?w=1816 1816w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-01-58.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-511343\" class=\"wp-caption-text\">Solana depicted bullish divergence on the one-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/?exchange=BINANCE\" target=\"_blank\" rel=\"noopener nofollow\">SOLUSD on TradingView<\/a><\/figcaption><\/figure>\n<p>SOL had broken above its descending resistance line, and the coin has been attempting to move north ever since that. In the shorter time frame, Solana formed a bullish divergence. The Relative Strength Index was past the 40-mark, which meant that buyers were slowly gaining strength and that SOL was registering demand.<\/p>\n<p>A bullish divergence is related to positive price action. Similarly, the price of Solana was above the 20-Simple Moving Average line; this sign means that the buyers were driving the price momentum in the market.<\/p>\n<figure id=\"attachment_511344\" aria-describedby=\"caption-attachment-511344\" style=\"width: 1816px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-511344 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?resize=1816%2C695\" alt=\"Solana Price\" width=\"1816\" height=\"695\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?w=1816 1816w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/SOLUSD_2022-12-06_19-02-33.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-511344\" class=\"wp-caption-text\">Solana noted buy signal on the one-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/?exchange=BINANCE\" target=\"_blank\" rel=\"noopener nofollow\">SOLUSD on TradingView<\/a><\/figcaption><\/figure>\n<p>Of the increase in buyers, the altcoin registered a buy signal on the one-day chart. The Moving Average Convergence Divergence underwent a bullish crossover and formed green histograms, which were a buy signal for SOL. Buyers could profit in a shorter time frame.<\/p>\n<p>The Chaikin Money Flow indicates the capital inflows and outflows; although CMF was above the half-line, there was a significant decline in capital inflows at press time. For Solana to continue to make gains, the asset has to trade above the $14.20 price mark.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/tron-ecosystem-to-undergo-changes\/\" target=\"_blank\" rel=\"noopener \">TRON Ecosystem To Undergo Changes \u2013 A Bane Or Boon To TRX Price?<\/a><\/div>\n<div>\n<pre> Featured image from Solana, Chart: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/?exchange=BINANCE\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Solana price has turned bullish on the daily chart. Over the last 24 hours, the altcoin has risen by 1%. SOL has logged close to a 6% gain in the last week. Although the coin depicts positive price action on the daily time frame, the bulls might fade on the weekly time frame if demand for SOL doesn&#8217;t appreciate. The technical outlook of the Solana price indicated accumulation, which meant that demand was returning in the market. The asset&#8217;s price has crossed the $14 mark, which has acted as a stiff resistance for the coin. Despite that, SOL has not secured the $14 mark as a solid support line. If buyers start to wane, SOL could fall to its next support line. SOL trades at a 94% discount to its all-time high set in 2021. There are two important price resistances that SOL has to break through to target a move to $15. A move below $14 will land the altcoin near the $13.60 support line. Related Reading: Santa Came Early In Crypto? Bitcoin Rally May Have Passed Solana Price Analysis: One-Day Chart SOL was exchanging hands at $14 on the one-day chart. The bulls could finally push through the $14 resistance mark; however, demand for the coin remains wobbly despite an uptick. Bulls must ensure that the Solana price remains above the $14 mark to surpass the two vital trading levels. Immediate resistance was at $14.20, above which SOL would face resistance at $14.90 before revisiting $15. The nearest support line for Solana was at $13.60; however, a fall to $13.60 could further drag the asset price to $12. The amount of SOL traded in the last session was green, which showed short-term bullishness. Technical Analysis SOL had broken above its descending resistance line, and the coin has been attempting to move north ever since that. In the shorter time frame, Solana formed a bullish divergence. The Relative Strength Index was past the 40-mark, which meant that buyers were slowly gaining strength and that SOL was registering demand. A bullish divergence is related to positive price action. Similarly, the price of Solana was above the 20-Simple Moving Average line; this sign means that the buyers were driving the price momentum in the market. Of the increase in buyers, the altcoin registered a buy signal on the one-day chart. The Moving Average Convergence Divergence underwent a bullish crossover and formed green histograms, which were a buy signal for SOL. Buyers could profit in a shorter time frame. The Chaikin Money Flow indicates the capital inflows and outflows; although CMF was above the half-line, there was a significant decline in capital inflows at press time. For Solana to continue to make gains, the asset has to trade above the $14.20 price mark. Related Reading: TRON Ecosystem To Undergo Changes \u2013 A Bane Or Boon To TRX Price? Featured image from Solana, Chart: TradingView.com<\/p>\n","protected":false},"author":556,"featured_media":511347,"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":[83626,86410,83627],"class_list":["post-511337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-solana","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n<title>Solana Price Could Target $15 If It Breaches These Levels<\/title>\n<meta name=\"description\" content=\"Solana price has turned bullish on the daily chart. In the last 24 hours Solana has risen by 1%. 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In the last week, SOL has logged 6% gain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-06T16:55:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/solana-generic-cover-image.png?fit=2400%2C1350\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"anushsamal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anushsamal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/\"},\"author\":{\"name\":\"anushsamal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/69ccab15e99fbee5fd59be46430329c4\"},\"headline\":\"Solana Price Could Target $15 If It Breaches These Levels\",\"datePublished\":\"2022-12-06T16:55:26+00:00\",\"dateModified\":\"2022-12-06T16:55:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/\"},\"wordCount\":524,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/solana-generic-cover-image.png?fit=2400%2C1350\",\"keywords\":[\"Solana\",\"SOLUSD\",\"SOLUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/\",\"url\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/\",\"name\":\"Solana Price Could Target $15 If It Breaches These Levels\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/solana-price-could-target-15-if-it-breaches-these-levels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/solana-generic-cover-image.png?fit=2400%2C1350\",\"datePublished\":\"2022-12-06T16:55:26+00:00\",\"dateModified\":\"2022-12-06T16:55:26+00:00\",\"description\":\"Solana price has turned bullish on the daily chart. 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In the last 24 hours Solana has risen by 1%. 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