{"id":13591,"date":"2024-10-14T06:48:58","date_gmt":"2024-10-14T06:48:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=13591"},"modified":"2024-10-14T06:48:58","modified_gmt":"2024-10-14T06:48:58","slug":"solana-sol-reclaims-150-is-the-rally-back-on","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=13591","title":{"rendered":"Solana (SOL) Reclaims $150: Is The Rally Back On?"},"content":{"rendered":"

Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance.<\/em><\/p>\n

SOL price is attempting a fresh increase above the $142 pivot level against the US Dollar.
\nThe price is now trading above $148 and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it breaks the $155 resistance zone.<\/p>\n

Solana Price Regains Traction<\/h2>\n

Solana price climbed above the $138 and $140 levels. SOL gained pace after there was a close above the $145 resistance level, like Bitcoin<\/a> and Ethereum<\/a>. Finally, the bulls pushed the price above the $150 level.<\/p>\n

A high was formed at $153.22 and the price is now consolidating gains. There was a minor pullback below the $152 level. The price tested the 23.6% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high.<\/p>\n

Solana is now trading above $145 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $147.50 on the hourly chart of the SOL\/USD pair.<\/p>\n

On the upside, the price is facing resistance near the $153.50 level. The next major resistance is near the $155 level. The main resistance could be $158.<\/p>\n

<\/a><\/p>\n

A successful close above the $155 and $158 resistance levels could set the pace for another steady increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level.<\/p>\n

Another Decline in SOL?<\/h2>\n

If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 level. The first major support is near the $147.50 level or the trend line. It is close to the 61.8% Fib retracement level of the upward move from the $144.40 swing low to the $153.22 high.<\/p>\n

A break below the $147.50 level might send the price toward the $144.50 zone. If there is a close below the $144.50 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 $147.50 and $144.40.<\/p>\n

Major Resistance Levels \u2013 $155 and $162.<\/p>","protected":false},"excerpt":{"rendered":"

Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears the $155 resistance. SOL price is attempting a fresh increase above the $142 pivot level against the US Dollar. The price is now trading above $148 and the 100-hourly simple moving average. There is a […]<\/p>\n","protected":false},"author":0,"featured_media":13592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13591"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13591"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/13592"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}