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{"id":629763,"date":"2024-07-15T05:28:39","date_gmt":"2024-07-15T05:28:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=629763"},"modified":"2024-07-15T04:33:11","modified_gmt":"2024-07-15T04:33:11","slug":"solana-price-sol-hits-150","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/solana-price-sol-hits-150\/","title":{"rendered":"Solana Price (SOL) Hits $150: Market Dips Look Tempting"},"content":{"rendered":"

Solana started a steady increase above the $135 zone. SOL price broke the $150 resistance and is now consolidating gains.<\/em><\/p>\n

\n
SOL price started a decent upward move above the $135 resistance against the US Dollar.<\/li>\n
The price is now trading above $145 and the 100-hourly simple moving average.<\/li>\n
There is a connecting bullish trend line forming with support at $147 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could correct lower, but the bulls might remain active near $147 or $143.<\/li>\n<\/ul>\n
Solana Price Jumps Over 5%<\/h2>\n
Solana price managed to start a fresh increase above the $125 pivot level. SOL gained pace for a move above the $132 and $135 resistance levels, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
The price even cleared the $145 resistance and surpassed the $150 hurdle. A high was formed at $152.05 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $134 swing low to the $152 high.<\/p>\n
Solana is now trading above the $145 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $147 on the hourly chart of the SOL\/USD pair.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
On the upside, the price might face resistance near the $152 level. The next major resistance is near the $155 level. A successful close above the $155 resistance could set the pace for another steady increase. The next key resistance is near $165. Any more gains might send the price toward the $172 level.<\/p>\n
Are Dips Limited in SOL?<\/h2>\n
If SOL fails to rise above the $152 resistance, it could start a downside correction. Initial support on the downside is near the $150 level. The first major support is near the $147 level and the trend line.<\/p>\n
A break below the $147 level might send the price toward $143 or the 50% Fib retracement level of the upward move from the $134 swing low to the $152 high. If there is a close below the $143 support, the price could decline toward the $138 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n
Major Support Levels \u2013 $147 and $143.<\/p>\n
Major Resistance Levels \u2013 $152 and $155.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a steady increase above the $135 zone. SOL price broke the $150 resistance and is now consolidating gains. SOL price started a decent upward move above the $135 resistance against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $147 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could correct lower, but the bulls might remain active near $147 or $143. Solana Price Jumps Over 5% Solana price managed to start a fresh increase above the $125 pivot level. SOL gained pace for a move above the $132 and $135 resistance levels, like Bitcoin and Ethereum. The price even cleared the $145 resistance and surpassed the $150 hurdle. A high was formed at $152.05 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $134 swing low to the $152 high. Solana is now trading above the $145 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $147 on the hourly chart of the SOL\/USD pair. On the upside, the price might face resistance near the $152 level. The next major resistance is near the $155 level. A successful close above the $155 resistance could set the pace for another steady increase. The next key resistance is near $165. Any more gains might send the price toward the $172 level. Are Dips Limited in SOL? If SOL fails to rise above the $152 resistance, it could start a downside correction. Initial support on the downside is near the $150 level. The first major support is near the $147 level and the trend line. A break below the $147 level might send the price toward $143 or the 50% Fib retracement level of the upward move from the $134 swing low to the $152 high. If there is a close below the $143 support, the price could decline toward the $138 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level. Major Support Levels \u2013 $147 and $143. Major Resistance Levels \u2013 $152 and $155.<\/p>\n","protected":false},"author":67,"featured_media":629765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[12837,83626,89318,86410,83627],"class_list":["post-629763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Price (SOL) Hits $150: Market Dips Look Tempting<\/title>\n<meta name=\"description\" content=\"Solana started a steady increase above the $135 zone. 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