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{"id":637762,"date":"2024-08-26T05:58:39","date_gmt":"2024-08-26T05:58:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=637762"},"modified":"2024-08-26T05:29:39","modified_gmt":"2024-08-26T05:29:39","slug":"solana-price-sol-162","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/solana-price-sol-162\/","title":{"rendered":"Solana Price (SOL) Could Spark Another Rally by Clearing $162"},"content":{"rendered":"

Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance.<\/em><\/p>\n

\n
SOL price started a fresh upward move above the $150 and $155 levels the US Dollar.<\/li>\n
The price is now trading above $155 and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $158 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start another increase if it clears the $162 resistance zone.<\/li>\n<\/ul>\n
Solana Price Regains Strength Above $155<\/h2>\n
Solana price started a fresh increase above the $150 resistance level. SOL remained stable and gained pace for a move above the $155 resistance level. It even cleared the $160 resistance level, beating Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n
The price traded as high as $162 and is currently consolidating gains. There was a minor correction below the $160 level. The price tested the 23.6% Fib retracement level of the upward move from the $138 swing low to the $162 swing high.<\/p>\n
Solana is now trading well above $150 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $158 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 is facing resistance near the $162 level. The next major resistance is near the $165 level. A successful close above the $162 and $165 resistance levels could set the pace for another steady increase. The next key resistance is near $178. Any more gains might send the price toward the $184 level.<\/p>\n
Are Dips Limited in SOL?<\/h2>\n
If SOL fails to rise above the $162 resistance, it could start a downside correction. Initial support on the downside is near the $158 level and the trend line. The first major support is near the $155 level.<\/p>\n
A break below the $155 level might send the price toward $148 or the 61.8% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. If there is a close below the $148 support, the price could decline toward the $135 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 $158 and $155.<\/p>\n
Major Resistance Levels \u2013 $162 and $165.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance. SOL price started a fresh upward move above the $150 and $155 levels the US Dollar. The price is now trading above $155 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $158 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could start another increase if it clears the $162 resistance zone. Solana Price Regains Strength Above $155 Solana price started a fresh increase above the $150 resistance level. SOL remained stable and gained pace for a move above the $155 resistance level. It even cleared the $160 resistance level, beating Ethereum and Bitcoin. The price traded as high as $162 and is currently consolidating gains. There was a minor correction below the $160 level. The price tested the 23.6% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. Solana is now trading well above $150 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $158 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $162 level. The next major resistance is near the $165 level. A successful close above the $162 and $165 resistance levels could set the pace for another steady increase. The next key resistance is near $178. Any more gains might send the price toward the $184 level. Are Dips Limited in SOL? If SOL fails to rise above the $162 resistance, it could start a downside correction. Initial support on the downside is near the $158 level and the trend line. The first major support is near the $155 level. A break below the $155 level might send the price toward $148 or the 61.8% Fib retracement level of the upward move from the $138 swing low to the $162 swing high. If there is a close below the $148 support, the price could decline toward the $135 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 $158 and $155. Major Resistance Levels \u2013 $162 and $165.<\/p>\n","protected":false},"author":67,"featured_media":637766,"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":[],"class_list":["post-637762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":[],"yoast_head":"\nSolana Price (SOL) Could Spark Another Rally by Clearing $162<\/title>\n<meta name=\"description\" content=\"Solana started a fresh increase above the $150 resistance. 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