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{"id":571365,"date":"2024-01-25T05:48:00","date_gmt":"2024-01-25T05:48:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=571365"},"modified":"2024-06-11T12:53:13","modified_gmt":"2024-06-11T12:53:13","slug":"sol-price-recovery-fade-95","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/sol-price-recovery-fade-95\/","title":{"rendered":"SOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle"},"content":{"rendered":"

Solana is attempting a recovery wave from the $80 zone. SOL price could struggle to clear the $92 and $94 resistance levels in the near term.<\/em><\/p>\n

\n
SOL price started a fresh decline from the $104 resistance against the US Dollar.<\/li>\n
The price is now trading below $95 and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start another decline if it fails to clear the $92 or $94 resistance.<\/li>\n<\/ul>\n
Solana Price Faces Key Hurdles<\/h2>\n
Solana price started a fresh decline like Bitcoin<\/a> and traded below the $95 support zone. There was a clear move below the $92 and $90 support levels.<\/p>\n
Finally, SOL price found support near the $79 zone. A low was formed near $78.96, and the price is now attempting a recovery wave like Ethereum<\/a>. There was a move above the $84 resistance. The price climbed above the 23.6% Fib retracement level of the downward move from the $103.40 swing high to the $78.96 low.<\/p>\n
Besides, there was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL\/USD pair. It is now trading below $95 and the 100 simple moving average (4 hours).<\/p>\n
Immediate resistance is near the $91.20 level. It is close to the 50% Fib retracement level of the downward move from the $103.40 swing high to the $78.96 low. The first major resistance is near the $94 level or the 100 hourly SMA.<\/p>\n
$\"SOL$ <\/a><\/p>\n
Source: SOLUSD on TradingView.com<\/a><\/p>\n
The main resistance is now near $98. A successful close above the $98 resistance could set the pace for another major increase. The next key resistance is near $112. Any more gains might send the price toward the $120 level.<\/p>\n
Another Decline in SOL?<\/h2>\n
If SOL fails to rally above the $91.20 resistance, it could start another decline. Initial support on the downside is near the $84.80 level.<\/p>\n
The first major support is near the $80.00 level, below which the price could test $75.00. If there is a close below the $68 support, the price could decline toward the $72.50 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n
Major Support Levels \u2013 $84.80, and $80.00.<\/p>\n
Major Resistance Levels \u2013 $91.20, $94.00, and $98.00.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana is attempting a recovery wave from the $80 zone. SOL price could struggle to clear the $92 and $94 resistance levels in the near term. SOL price started a fresh decline from the $104 resistance against the US Dollar. The price is now trading below $95 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL\/USD pair (data source from Kraken). The pair could start another decline if it fails to clear the $92 or $94 resistance. Solana Price Faces Key Hurdles Solana price started a fresh decline like Bitcoin and traded below the $95 support zone. There was a clear move below the $92 and $90 support levels. Finally, SOL price found support near the $79 zone. A low was formed near $78.96, and the price is now attempting a recovery wave like Ethereum. There was a move above the $84 resistance. The price climbed above the 23.6% Fib retracement level of the downward move from the $103.40 swing high to the $78.96 low. Besides, there was a break above a key bearish trend line with resistance at $85.00 on the 4-hour chart of the SOL\/USD pair. It is now trading below $95 and the 100 simple moving average (4 hours). Immediate resistance is near the $91.20 level. It is close to the 50% Fib retracement level of the downward move from the $103.40 swing high to the $78.96 low. The first major resistance is near the $94 level or the 100 hourly SMA. Source: SOLUSD on TradingView.com The main resistance is now near $98. A successful close above the $98 resistance could set the pace for another major increase. The next key resistance is near $112. Any more gains might send the price toward the $120 level. Another Decline in SOL? If SOL fails to rally above the $91.20 resistance, it could start another decline. Initial support on the downside is near the $84.80 level. The first major support is near the $80.00 level, below which the price could test $75.00. If there is a close below the $68 support, the price could decline toward the $72.50 support in the near term. Technical Indicators 4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level. Major Support Levels \u2013 $84.80, and $80.00. Major Resistance Levels \u2013 $91.20, $94.00, and $98.00.<\/p>\n","protected":false},"author":67,"featured_media":522066,"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":[12837,83626,89318,86410,83627],"class_list":["post-571365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle<\/title>\n<meta name=\"description\" content=\"Solana is attempting a recovery wave from the $80 zone. 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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:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"SOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle","url":"http:\/\/uniquehot.com\/news\/sol-price-recovery-fade-95\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/sol-price-recovery-fade-95\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/shutterstock_1100038610.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/shutterstock_1100038610.jpg?fit=1827%2C1080"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["sol","solana","solbtc","solusd","solusdt"],"dateCreated":"2024-01-25T05:48:00Z","datePublished":"2024-01-25T05:48:00Z","dateModified":"2024-06-11T12:53:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"SOL Price Recovery Could Soon Fade If Solana Fails To Clear This Hurdle\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/sol-price-recovery-fade-95\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/sol-price-recovery-fade-95\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/shutterstock_1100038610.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/shutterstock_1100038610.jpg?fit=1827%2C1080\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"sol\",\"solana\",\"solbtc\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-01-25T05:48:00Z\",\"datePublished\":\"2024-01-25T05:48:00Z\",\"dateModified\":\"2024-06-11T12:53:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/shutterstock_1100038610.jpg?fit=1827%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/571365"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=571365"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/571365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/522066"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=571365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=571365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=571365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}