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{"id":631667,"date":"2024-07-26T04:58:26","date_gmt":"2024-07-26T04:58:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=631667"},"modified":"2024-07-26T04:27:23","modified_gmt":"2024-07-26T04:27:23","slug":"solana-price-sol-monthly-high-185","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/solana-price-sol-monthly-high-185\/","title":{"rendered":"Solana Price (SOL) Targets New Monthly High: Bulls in Control"},"content":{"rendered":"

Solana started a fresh increase from the $165 zone. SOL price is showing signs of strength and might climb further above the $182.50 resistance.<\/em><\/p>\n

\n
SOL price started a decent upward move from the $165 support against the US Dollar.<\/li>\n
The price is now trading near $175 and the 100-hourly simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance at $170 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could aim for more upsides if it clears the $182.50 resistance level.<\/li>\n<\/ul>\n
Solana Price Remains In Positive Zone Above $165<\/h2>\n
Solana price started a downside correction from $152.50 like Bitcoin<\/a> and Ethereum<\/a>. It traded below the $175 and $172 support levels. There was a drop below the $170 level.<\/p>\n
Finally, it tested the $165 support. A low is formed at $165.12 and the price is again rising. There was a break above the $170 and $172 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $182.51 swing high to the $165.12 low.<\/p>\n
Besides, there was a break above a connecting bearish trend line with resistance at $170 on the hourly chart of the SOL\/USD pair. Solana is now trading near the $175 level. It seems to be struggling near the 61.8% Fib retracement level of the downward move from the $182.51 swing high to the $165.12 low.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
On the upside, the price is facing resistance near the $175 level. The next major resistance is near the $182.50 level. A successful close above the $182.50 resistance could set the pace for another steady increase. The next key resistance is near $192. Any more gains might send the price toward the $200 level.<\/p>\n
Are Dips Limited in SOL?<\/h2>\n
If SOL fails to rise above the $182.50 resistance, it could start another decline. Initial support on the downside is near the $172 level. The first major support is near the $170 level.<\/p>\n
A break below the $170 level might send the price toward $165. If there is a close below the $165 support, the price could decline toward the $155 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 $172 and $170.<\/p>\n
Major Resistance Levels \u2013 $175 and $182.50.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a fresh increase from the $165 zone. SOL price is showing signs of strength and might climb further above the $182.50 resistance. SOL price started a decent upward move from the $165 support against the US Dollar. The price is now trading near $175 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $170 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could aim for more upsides if it clears the $182.50 resistance level. Solana Price Remains In Positive Zone Above $165 Solana price started a downside correction from $152.50 like Bitcoin and Ethereum. It traded below the $175 and $172 support levels. There was a drop below the $170 level. Finally, it tested the $165 support. A low is formed at $165.12 and the price is again rising. There was a break above the $170 and $172 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $182.51 swing high to the $165.12 low. Besides, there was a break above a connecting bearish trend line with resistance at $170 on the hourly chart of the SOL\/USD pair. Solana is now trading near the $175 level. It seems to be struggling near the 61.8% Fib retracement level of the downward move from the $182.51 swing high to the $165.12 low. On the upside, the price is facing resistance near the $175 level. The next major resistance is near the $182.50 level. A successful close above the $182.50 resistance could set the pace for another steady increase. The next key resistance is near $192. Any more gains might send the price toward the $200 level. Are Dips Limited in SOL? If SOL fails to rise above the $182.50 resistance, it could start another decline. Initial support on the downside is near the $172 level. The first major support is near the $170 level. A break below the $170 level might send the price toward $165. If there is a close below the $165 support, the price could decline toward the $155 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 $172 and $170. Major Resistance Levels \u2013 $175 and $182.50.<\/p>\n","protected":false},"author":67,"featured_media":631669,"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-631667","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) Targets New Monthly High: Bulls in Control<\/title>\n<meta name=\"description\" content=\"Solana started a fresh increase from the $165 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":"Solana Price (SOL) Targets New Monthly High: Bulls in Control","url":"http:\/\/uniquehot.com\/analysis\/solana-price-sol-monthly-high-185\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/solana-price-sol-monthly-high-185\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Solana-Higher.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Solana-Higher.jpg?fit=1792%2C1024"},"articleSection":"Technical analysis","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":"2024-07-26T04:58:26Z","datePublished":"2024-07-26T04:58:26Z","dateModified":"2024-07-26T04:58:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Price (SOL) Targets New Monthly High: Bulls in Control\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/solana-price-sol-monthly-high-185\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/solana-price-sol-monthly-high-185\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Solana-Higher.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Solana-Higher.jpg?fit=1792%2C1024\"},\"articleSection\":\"Technical analysis\",\"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\":\"2024-07-26T04:58:26Z\",\"datePublished\":\"2024-07-26T04:58:26Z\",\"dateModified\":\"2024-07-26T04:58:26Z\"}<\/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\/07\/Solana-Higher.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/631667","targetHints":{"allow":["GET"]}}],"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=631667"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/631667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/631669"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=631667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=631667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=631667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}