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{"id":610141,"date":"2024-05-28T02:58:19","date_gmt":"2024-05-28T02:58:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=610141"},"modified":"2024-06-11T14:38:58","modified_gmt":"2024-06-11T14:38:58","slug":"solana-sol-comeback-172","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana-sol-comeback-172\/","title":{"rendered":"Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?"},"content":{"rendered":"

Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone.<\/em><\/p>\n

\n
SOL price corrected lower and tested the $160 support zone against the US Dollar.<\/li>\n
The price is now trading above $165 and the 100-hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could clear the $172 resistance unless it fails to stay above $165.<\/li>\n<\/ul>\n
Solana Price Could Gain Momentum<\/h2>\n
Solana price formed a support base near the $160 level and started a recovery wave. SOL underperformed Bitcoin<\/a> and Ethereum<\/a> but managed to clear the $165 resistance.<\/p>\n
There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair. There was even a spike above the $170 zone and the 50% Fib retracement level of the downward move from the $181 swing high to the $160 low.<\/p>\n
Solana price is now trading above $165 and the 100-hourly simple moving average. Immediate resistance is near the $170 level. The next major resistance is near the $171 level. A successful close above the $172 resistance could set the pace for another major increase.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next key resistance is near $176 or the 76.4% Fib retracement level of the downward move from the $181 swing high to the $160 low. Any more gains might send the price toward the $180 level.<\/p>\n
Are Dips Supported in SOL?<\/h2>\n
If SOL fails to rally above the $172 resistance, it could start another decline. Initial support on the downside is near the $167 level.<\/p>\n
The first major support is near the $165 level, below which the price could test $160. If there is a close below the $160 support, the price could decline toward the $150 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n
Major Support Levels \u2013 $165, and $160.<\/p>\n
Major Resistance Levels \u2013 $170, $172, and $180.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could clear the $172 resistance unless it fails to stay above $165. Solana Price Could Gain Momentum Solana price formed a support base near the $160 level and started a recovery wave. SOL underperformed Bitcoin and Ethereum but managed to clear the $165 resistance. There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL\/USD pair. There was even a spike above the $170 zone and the 50% Fib retracement level of the downward move from the $181 swing high to the $160 low. Solana price is now trading above $165 and the 100-hourly simple moving average. Immediate resistance is near the $170 level. The next major resistance is near the $171 level. A successful close above the $172 resistance could set the pace for another major increase. The next key resistance is near $176 or the 76.4% Fib retracement level of the downward move from the $181 swing high to the $160 low. Any more gains might send the price toward the $180 level. Are Dips Supported in SOL? If SOL fails to rally above the $172 resistance, it could start another decline. Initial support on the downside is near the $167 level. The first major support is near the $165 level, below which the price could test $160. If there is a close below the $160 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level. Major Support Levels \u2013 $165, and $160. Major Resistance Levels \u2013 $170, $172, and $180.<\/p>\n","protected":false},"author":67,"featured_media":610143,"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-610141","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":"\nSolana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?<\/title>\n<meta name=\"description\" content=\"Solana found support near the $160 zone. 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