{"id":576838,"date":"2024-02-26T12:30:40","date_gmt":"2024-02-26T12:30:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=576838"},"modified":"2024-02-26T12:00:31","modified_gmt":"2024-02-26T12:00:31","slug":"solana-poised-for-major-comeback-analysts-spot-breach-of-103","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana\/solana-poised-for-major-comeback-analysts-spot-breach-of-103\/","title":{"rendered":"Solana Poised For Major Comeback – Analysts Spot Breach Of $103"},"content":{"rendered":"

In the ever-uncertain world of cryptocurrency, Solana (SOL)<\/a> is generating renewed interest among analysts, with some predicting a potential comeback in the near future. However, the road to recovery might be bumpy, as bullish signals are countered by lingering resistance levels and a cautious market sentiment.<\/p>\n

Related Reading: Siacoin Balloons To 65% in Value On Network Upgrades \u2013 Details<\/a><\/div>\n

Technical Analysis Points Towards Bullish Reversal<\/strong><\/h2>\n

Analyst Ali Martinez has garnered attention with his recent analysis suggesting a bullish reversal for Solana. Based on the Tom DeMark (TD) Sequential indicator, Martinez believes a four-candle rally for SOL\/USDT is imminent. This optimism is further bolstered by the Moving Average Convergence Divergence (MACD) indicator, which currently sits in positive territory, often interpreted as a sign of bullish momentum.<\/p>\n

The TD Sequential is a leading trend reversal indicator, and its recent buy signal is a significant development, explains Martinez. This, combined with the positive MACD, suggests that buyers might overpower the market and push SOL above the current resistance level, he pointed out.<\/p>\n

\n

The TD Sequential indicator presents a buy signal on the #Solana<\/a> daily chart, suggesting a potential upswing that could span one to four daily candlesticks for $SOL<\/a>. pic.twitter.com\/LR0I9Y2diu<\/a><\/p>\n

\u2014 Ali (@ali_charts) February 24, 2024<\/a><\/p><\/blockquote>\n

Support Levels And Resistance Hurdles<\/strong><\/h2>\n

Despite the positive indicators, Martinez acknowledges the presence of hurdles. The price of SOL has faced resistance at $104.67 in recent attempts to climb higher. Additionally, a drop below the crucial support level of $102.08 could trigger a decline to $99.81.<\/p>\n

<\/p>\n

Solana (SOL) is currently trading at $103.15. Chart: TradingView.com<\/a><\/pre>\n
Adding another layer of complexity is the current market sentiment. The Relative Strength Index (RSI), which measures market momentum, currently sits below 50, indicating a bearish sentiment. This suggests that despite technical indicators pointing towards a potential upswing, investors might still be hesitant to jump in.<\/p>\n
\"\"<\/p>\n
SOL in the red in the last seven days. Will it be able to break past $103? Source: Coingecko<\/a><\/pre>\n
Solana Founder’s Tweet Sparks Speculation<\/strong><\/h3>\n
Further adding to the intrigue surrounding Solana is a recent tweet by its founder, Anatoly Yakovenko. The tweet, referencing Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has left the crypto community scratching their heads. While the exact meaning of the tweet remains unclear, it has sparked speculation and could potentially impact investor sentiment.<\/p>\n
\n
Satoshi also invented solana. She just did a much better job covering up her tracks this time. The truth is out there https:\/\/t.co\/bjfcGsHqOl<\/a><\/p>\n
\u2014 toly \ud83c\uddfa\ud83c\uddf8 (@aeyakovenko) February 24, 2024<\/a><\/p><\/blockquote>\n
Solana’s Future Hinges On Multiple Factors<\/strong><\/h3>\n
Solana’s future trajectory will likely depend on a confluence of factors. The success of its ongoing development projects, its ability to overcome technical hurdles, and the overall performance of the broader cryptocurrency market will all play a significant role in determining its price movements.<\/p>\n
\n
Related Reading: Uniswap 71% Single-Day Rally Raises Eyebrows \u2013 Can DeFi Maintain Momentum?<\/a><\/div>\n<\/div>\n
At the time of writing, SOL was trading at $101.59 down .0% and 9.2% in the 24-hour and weekly timeframes, data from Coingecko shows.<\/p>\n
\"\"<\/p>\n
As analysts closely monitor the cryptocurrency market, optimism surrounds Solana, indicating a potential major comeback on the horizon. The positive signals have led experts to suggest the possibility of a significant breach, with expectations pointing towards the coveted $103 threshold.<\/p>\n
Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
In the ever-uncertain world of cryptocurrency, Solana (SOL) is generating renewed interest among analysts, with some predicting a potential comeback in the near future. However, the road to recovery might be bumpy, as bullish signals are countered by lingering resistance levels and a cautious market sentiment. Related Reading: Siacoin Balloons To 65% in Value On Network Upgrades \u2013 Details Technical Analysis Points Towards Bullish Reversal Analyst Ali Martinez has garnered attention with his recent analysis suggesting a bullish reversal for Solana. Based on the Tom DeMark (TD) Sequential indicator, Martinez believes a four-candle rally for SOL\/USDT is imminent. This optimism is further bolstered by the Moving Average Convergence Divergence (MACD) indicator, which currently sits in positive territory, often interpreted as a sign of bullish momentum. The TD Sequential is a leading trend reversal indicator, and its recent buy signal is a significant development, explains Martinez. This, combined with the positive MACD, suggests that buyers might overpower the market and push SOL above the current resistance level, he pointed out. The TD Sequential indicator presents a buy signal on the #Solana daily chart, suggesting a potential upswing that could span one to four daily candlesticks for $SOL. pic.twitter.com\/LR0I9Y2diu \u2014 Ali (@ali_charts) February 24, 2024 Support Levels And Resistance Hurdles Despite the positive indicators, Martinez acknowledges the presence of hurdles. The price of SOL has faced resistance at $104.67 in recent attempts to climb higher. Additionally, a drop below the crucial support level of $102.08 could trigger a decline to $99.81. Solana (SOL) is currently trading at $103.15. Chart: TradingView.com Adding another layer of complexity is the current market sentiment. The Relative Strength Index (RSI), which measures market momentum, currently sits below 50, indicating a bearish sentiment. This suggests that despite technical indicators pointing towards a potential upswing, investors might still be hesitant to jump in. SOL in the red in the last seven days. Will it be able to break past $103? Source: Coingecko Solana Founder’s Tweet Sparks Speculation Further adding to the intrigue surrounding Solana is a recent tweet by its founder, Anatoly Yakovenko. The tweet, referencing Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has left the crypto community scratching their heads. While the exact meaning of the tweet remains unclear, it has sparked speculation and could potentially impact investor sentiment. Satoshi also invented solana. She just did a much better job covering up her tracks this time. The truth is out there https:\/\/t.co\/bjfcGsHqOl \u2014 toly \ud83c\uddfa\ud83c\uddf8 (@aeyakovenko) February 24, 2024 Solana’s Future Hinges On Multiple Factors Solana’s future trajectory will likely depend on a confluence of factors. The success of its ongoing development projects, its ability to overcome technical hurdles, and the overall performance of the broader cryptocurrency market will all play a significant role in determining its price movements. Related Reading: Uniswap 71% Single-Day Rally Raises Eyebrows \u2013 Can DeFi Maintain Momentum? At the time of writing, SOL was trading at $101.59 down .0% and 9.2% in the 24-hour and weekly timeframes, data from Coingecko shows. As analysts closely monitor the cryptocurrency market, optimism surrounds Solana, indicating a potential major comeback on the horizon. The positive signals have led experts to suggest the possibility of a significant breach, with expectations pointing towards the coveted $103 threshold. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":576846,"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":[142,4735,3505,83626],"class_list":["post-576838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-altcoins","tag-price-action","tag-price-analysis","tag-solana"],"acf":[],"yoast_head":"\nSolana Poised For Comeback - Analysts Spot Breach Of $103<\/title>\n<meta name=\"description\" content=\"In the ever-uncertain world of cryptocurrency, Solana (SOL) is generating renewed interest among analysts, with some predicting a potential comeback in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/solana\/solana-poised-for-major-comeback-analysts-spot-breach-of-103\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Poised For Comeback - 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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:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Poised For Major Comeback – Analysts Spot Breach Of $103","url":"http:\/\/uniquehot.com\/news\/solana\/solana-poised-for-major-comeback-analysts-spot-breach-of-103\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/solana\/solana-poised-for-major-comeback-analysts-spot-breach-of-103\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/a_fa6585.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/a_fa6585.jpg?fit=6144%2C3456"},"articleSection":"Solana","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","price action","price analysis","solana"],"dateCreated":"2024-02-26T12:30:40Z","datePublished":"2024-02-26T12:30:40Z","dateModified":"2024-02-26T12:30:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Poised For Major Comeback – Analysts Spot Breach Of $103\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solana\\\/solana-poised-for-major-comeback-analysts-spot-breach-of-103\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/solana\\\/solana-poised-for-major-comeback-analysts-spot-breach-of-103\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/a_fa6585.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/a_fa6585.jpg?fit=6144%2C3456\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"price action\",\"price analysis\",\"solana\"],\"dateCreated\":\"2024-02-26T12:30:40Z\",\"datePublished\":\"2024-02-26T12:30:40Z\",\"dateModified\":\"2024-02-26T12:30:40Z\"}<\/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\/2024\/02\/a_fa6585.jpg?fit=6144%2C3456","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/576838"}],"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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=576838"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/576838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/576846"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=576838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=576838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=576838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}