{"id":37960,"date":"2025-01-22T05:08:39","date_gmt":"2025-01-22T05:08:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=37960"},"modified":"2025-01-22T05:08:39","modified_gmt":"2025-01-22T05:08:39","slug":"solana-sol-ignites-new-momentum-bulls-target-higher-ground","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=37960","title":{"rendered":"Solana (SOL) Ignites New Momentum: Bulls Target Higher Ground"},"content":{"rendered":"

Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone.<\/em><\/p>\n

SOL price started a fresh increase above the $240 and $250 levels against the US Dollar.
\nThe price is now trading above $250 and the 100-hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if the bulls clear the $262 zone.<\/p>\n

Solana Price Reclaims $250<\/h2>\n

Solana price formed a base above $225 and started a decent upward move, like Bitcoin<\/a> and Ethereum<\/a>. SOL was able to climb above the $235 and $240 resistance levels.<\/p>\n

There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL\/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $272 swing high to the $230 low.<\/p>\n

Solana is now trading above $250 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $262 level or the 76.4% Fib retracement level of the downward move from the $272 swing high to the $230 low.<\/p>\n

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

The next major resistance is near the $272 level. The main resistance could be $280. A successful close above the $280 resistance zone could set the pace for another steady increase. The next key resistance is $292. Any more gains might send the price toward the $300 level.<\/p>\n

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

If SOL fails to rise above the $262 resistance, it could start another decline. Initial support on the downside is near the $250 zone and the 100-hourly simple moving average.<\/p>\n

The first major support is near the $240 level. A break below the $240 level might send the price toward the $230 zone. If there is a close below the $230 support, the price could decline toward the $215 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 $250 and $240.<\/p>\n

Major Resistance Levels \u2013 $262 and $272.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone. SOL price started a fresh increase above the $240 and $250 levels against the US Dollar. The price is now trading above $250 and the 100-hourly simple moving average. […]<\/p>\n","protected":false},"author":0,"featured_media":37961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37960","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\/37960"}],"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=37960"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/37961"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}