Sunday, 18 May 2025
  • My Feed
  • My Interests
  • My Saves
  • History
  • Blog
Subscribe
Capernaum
  • Finance
    • Cryptocurrency
    • Stock Market
    • Real Estate
  • Lifestyle
    • Travel
    • Fashion
    • Cook
  • Technology
    • AI
    • Data Science
    • Machine Learning
  • Health
    HealthShow More
    Eating to Keep Ulcerative Colitis in Remission 
    Eating to Keep Ulcerative Colitis in Remission 

    Plant-based diets can be 98 percent effective in keeping ulcerative colitis patients…

    By capernaum
    Foods That Disrupt Our Microbiome
    Foods That Disrupt Our Microbiome

    Eating a diet filled with animal products can disrupt our microbiome faster…

    By capernaum
    Skincare as You Age Infographic
    Skincare as You Age Infographic

    When I dove into the scientific research for my book How Not…

    By capernaum
    Treating Fatty Liver Disease with Diet 
    Treating Fatty Liver Disease with Diet 

    What are the three sources of liver fat in fatty liver disease,…

    By capernaum
    Bird Flu: Emergence, Dangers, and Preventive Measures

    In the United States in January 2025 alone, approximately 20 million commercially-raised…

    By capernaum
  • Sport
  • 🔥
  • Cryptocurrency
  • Data Science
  • Travel
  • Real Estate
  • AI
  • Technology
  • Machine Learning
  • Stock Market
  • Finance
  • Fashion
Font ResizerAa
CapernaumCapernaum
  • My Saves
  • My Interests
  • My Feed
  • History
  • Travel
  • Health
  • Technology
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Categories
    • Technology
    • Travel
    • Health
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Solana (SOL) Could Soon Rally Past $250—Are Bulls in Control?
Cryptocurrency

Solana (SOL) Could Soon Rally Past $250—Are Bulls in Control?

capernaum
Last updated: 2024-11-19 06:08
capernaum
Share
Solana (SOL) Could Soon Rally Past $250—Are Bulls in Control?
SHARE

Solana started a fresh increase above the $220 zone. SOL price is consolidating gains and might aim for an upside break above the $250 resistance.

Contents
Solana Price Eyes More UpsidesAre Dips Supported in SOL?
  • SOL price started a fresh increase after it settled above the $200 level against the US Dollar.
  • The price is now trading above $225 and the 100-hourly simple moving average.
  • There is a connecting bullish trend line forming with support at $237 on the hourly chart of the SOL/USD pair (data source from Kraken).
  • The pair could start a fresh increase if the bulls clear the $250 zone.

Solana Price Eyes More Upsides

Solana price formed a support base and started a fresh increase above the $220 level beating Bitcoin and Ethereum. There was a strong move above the $225 and $240 resistance levels.

The price even cleared the $245 level. A high was formed at $248 and the price is now consolidating gains. There was a move below the $245 and $242 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $212 swing low to the $248 high.

Solana is now trading above $230 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $237 on the hourly chart of the SOL/USD pair.

Solana Price

On the upside, the price is facing resistance near the $245 level. The next major resistance is near the $248 level. The main resistance could be $250. A successful close above the $250 resistance level could set the pace for another steady increase. The next key resistance is $265. Any more gains might send the price toward the $282 level.

Are Dips Supported in SOL?

If SOL fails to rise above the $245 resistance, it could continue to move down. Initial support on the downside is near the $237 level and the trend line. The first major support is near the $230 level or the 50% Fib retracement level of the upward move from the $212 swing low to the $248 high.

A break below the $230 level might send the price toward the $220 zone. If there is a close below the $220 support, the price could decline toward the $212 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $237 and $230.

Major Resistance Levels – $245 and $250.

Share This Article
Twitter Email Copy Link Print
Previous Article Metaplanet Buys More Bitcoin As MicroStrategy Acquired 51,780 BTC, New ATH? Metaplanet Buys More Bitcoin As MicroStrategy Acquired 51,780 BTC, New ATH?
Next Article Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Using RSS feeds, we aggregate news from trusted sources to ensure real-time updates on the latest events and trends. Stay ahead with timely, curated information designed to keep you informed and engaged.
TwitterFollow
TelegramFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

XRP Price Braces For Rebound As BitMEX Teases Market-Moving Announcement

By capernaum
Bitcoin’s $10,000 Stairway: Chart Signals March Toward $115,000
Cryptocurrency

Bitcoin’s $10,000 Stairway: Chart Signals March Toward $115,000

By capernaum
Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum
Cryptocurrency

Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum

By capernaum

Expert Predicts Bitcoin Dominance As Scientists Create Lab-Grown Gold

By capernaum
Capernaum
Facebook Twitter Youtube Rss Medium

Capernaum :  Your instant connection to breaking news & stories . Stay informed with real-time coverage across  AI ,Data Science , Finance, Fashion , Travel, Health. Your trusted source for 24/7 insights and updates.

© Capernaum 2024. All Rights Reserved.

CapernaumCapernaum
Welcome Back!

Sign in to your account

Lost your password?