{"id":62725,"date":"2025-04-29T05:58:14","date_gmt":"2025-04-29T05:58:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=62725"},"modified":"2025-04-29T05:58:14","modified_gmt":"2025-04-29T05:58:14","slug":"solana-sol-sideways-but-bullish-surge-may-be-imminent","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=62725","title":{"rendered":"Solana (SOL) Sideways But Bullish \u2014 Surge May Be Imminent"},"content":{"rendered":"

Solana started a fresh increase from the $142 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone.<\/em><\/p>\n

SOL price started a fresh increase above the $140 and $142 levels against the US Dollar.
\nThe price is now trading above $145 and the 100-hourly simple moving average.
\nThere is a short-term contracting triangle forming with resistance at $152 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if it clears the $155 resistance zone.<\/p>\n

Solana Price Consolidates Gains<\/h2>\n

Solana price formed a base above the $135 support and started a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>. SOL gained pace for a move above the $140 and $142 resistance levels.<\/p>\n

The pair even spiked toward the $155 resistance zone. A high was formed at $153.30 before there was a pullback. The price dipped below $150. A low was formed at $145 and the price started a consolidation phase above the 23.6% Fib retracement level of the downward move from $153.30 swing high to the $145.54 low.<\/p>\n

Solana is now trading below $152 and the 100-hourly simple moving average. There is also a short-term contracting triangle forming with resistance at $152 on the hourly chart of the SOL\/USD pair.<\/p>\n

On the upside, the price is facing resistance near the $149.50 level. The next major resistance is near the $150 level. The main resistance could be $152 and the 76.4% Fib retracement level of the downward move from $153.30 swing high to the $145.54 low.<\/p>\n

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

A successful close above the $152 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level.<\/p>\n

Downside Correction in SOL?<\/h2>\n

If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $147 zone. The first major support is near the $145 level.<\/p>\n

A break below the $145 level might send the price toward the $138 zone. If there is a close below the $138 support, the price could decline toward the $132 support in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n

Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n

Major Support Levels \u2013 $147 and $145.<\/p>\n

Major Resistance Levels \u2013 $150 and $155.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh increase from the $142 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $140 and $142 levels against the US Dollar. The price is now trading above $145 and the 100-hourly simple moving average. There is […]<\/p>\n","protected":false},"author":0,"featured_media":62726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62725","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\/62725"}],"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=62725"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/62726"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}