{"id":58979,"date":"2024-10-29T05:31:48","date_gmt":"2024-10-29T05:31:48","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/10\/29\/solana-sol-aims-for-200-retest-is-momentum-building\/"},"modified":"2024-10-29T05:31:48","modified_gmt":"2024-10-29T05:31:48","slug":"solana-sol-aims-for-200-retest-is-momentum-building","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/10\/29\/solana-sol-aims-for-200-retest-is-momentum-building\/","title":{"rendered":"Solana (SOL) Aims for $200 Retest: Is Momentum Building?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p><em>Solana began a gradual enhance above the $165 resistance zone. SOL value is buying and selling nicely above $175 and aiming for extra beneficial properties above $185.<\/em><\/p>\n<ul>\n<li>SOL value is exhibiting optimistic indicators from the $165 assist zone towards the US Dollar.<\/li>\n<li>The value is now buying and selling above $172 and the 100-hourly easy shifting common.<\/li>\n<li>There was a break above a key bearish pattern line with resistance at $177 on the hourly chart of the SOL\/USD pair (information supply from Kraken).<\/li>\n<li>The pair might achieve bullish momentum to retest $200 if it clears the $182 resistance.<\/li>\n<\/ul>\n<h2>Solana Price Eyes More Upsides<\/h2>\n<p>Solana value shaped a base above the $160 degree and began a recent enhance like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rallies-above-70k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-follows-bitcoin-2650\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>. There was an honest transfer above the $165 and $170 resistance ranges. The bulls even pumped the worth above $175.<\/p>\n<p>There was a break above a key bearish pattern line with resistance at $177 on the hourly chart of the SOL\/USD pair. The pair even examined $182 and it at present consolidating beneficial properties above the 23.6% Fib retracement degree of the upward transfer from the $172.35 swing low to the $182.10 excessive.<\/p>\n<p>Solana is now buying and selling above $172 and the 100-hourly easy shifting common. On the upside, the worth is dealing with resistance close to the $182 degree. The subsequent main resistance is close to the $185 degree.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Solana_b80b1b.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-650449 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Solana_b80b1b.png?resize=1024%2C478\" alt=\"Solana Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>The foremost resistance may very well be $188. A profitable shut above the $185 and $188 resistance ranges might set the tempo for one other regular enhance. The subsequent key resistance is $195. Any extra beneficial properties may ship the worth towards the $200 degree.<\/p>\n<h2>Downside Correction in SOL?<\/h2>\n<p>If SOL fails to rise above the $182 resistance, it might begin a draw back correction. Initial assist on the draw back is close to the $180 degree. The first main assist is close to the $176 degree or the 61.8% Fib retracement degree of the upward transfer from the $172.35 swing low to the $182.10 excessive.<\/p>\n<p>A break beneath the $176 degree may ship the worth towards the $172 zone. If there&#8217;s a shut beneath the $172 assist, the worth might decline towards the $165 assist within the close to time period.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining tempo within the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $1878 and $176.<\/p>\n<p>Major Resistance Levels \u2013 $182 and $185.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/solana-sol-aims-for-200\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana began a gradual enhance above the $165 resistance zone. SOL value is buying and selling nicely above $175 and aiming for extra beneficial properties above $185. SOL value is exhibiting optimistic indicators from the $165 assist zone towards the US Dollar. The value is now buying and selling above $172 and the 100-hourly easy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":58981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1048,1718,548,1759,425,316],"class_list":{"0":"post-58979","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-aims","9":"tag-building","10":"tag-momentum","11":"tag-retest","12":"tag-sol","13":"tag-solana"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/58979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=58979"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/58979\/revisions"}],"predecessor-version":[{"id":58980,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/58979\/revisions\/58980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/58981"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=58979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=58979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=58979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}