GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge?

Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone.

  • SOL price corrected lower and tested the $160 support zone against the US Dollar.
  • The price is now trading above $165 and the 100-hourly simple moving average.
  • There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL/USD pair (data source from Kraken).
  • The pair could clear the $172 resistance unless it fails to stay above $165.

Solana Price Could Gain Momentum

Solana price formed a support base near the $160 level and started a recovery wave. SOL underperformed Bitcoin and Ethereum but managed to clear the $165 resistance.

There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL/USD pair. There was even a spike above the $170 zone and the 50% Fib retracement level of the downward move from the $181 swing high to the $160 low.

Solana price is now trading above $165 and the 100-hourly simple moving average. Immediate resistance is near the $170 level. The next major resistance is near the $171 level. A successful close above the $172 resistance could set the pace for another major increase.

Solana (SOL) Price

The next key resistance is near $176 or the 76.4% Fib retracement level of the downward move from the $181 swing high to the $160 low. Any more gains might send the price toward the $180 level.

Are Dips Supported in SOL?

If SOL fails to rally above the $172 resistance, it could start another decline. Initial support on the downside is near the $167 level.

The first major support is near the $165 level, below which the price could test $160. If there is a close below the $160 support, the price could decline toward the $150 support in the near term.

Technical Indicators

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

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

Major Support Levels – $165, and $160.

Major Resistance Levels – $170, $172, and $180.

Latest Press

post-thumbnail
News
5 hours ago
Lightchain AI vs COLD- Analysts Explore Potential for 1000X Gains in 2025
The post Lightchain AI vs COLD- Analysts Explore Potential for 1000X Gains in 2025 appeared first on...
READ MORE
post-thumbnail
News
5 hours ago
Solana Price Prediction After Libra Scandal; New Token Shines
The post Solana Price Prediction After Libra Scandal; New Token Shines appeared first on Coinpedia F...
READ MORE
post-thumbnail
News
5 hours ago
5 Best Crypto Coins to Buy Immediately | Crypto Showdown of the Top Crypto Coins in 2025
The post 5 Best Crypto Coins to Buy Immediately | Crypto Showdown of the Top Crypto Coins in 2025 ap...
READ MORE
post-thumbnail
News
5 hours ago
Best Coin to Buy Now – As Pi Soars, DEBO Eyes the Spotlight
The post Best Coin to Buy Now – As Pi Soars, DEBO Eyes the Spotlight appeared first on Coinpedia F...
READ MORE
post-thumbnail
News
5 hours ago
XRP Price Prediction For February 23
The post XRP Price Prediction For February 23 appeared first on Coinpedia Fintech News The latest an...
READ MORE
post-thumbnail
News
5 hours ago
Pi Coin Price Prediction Today: What’s Next After Massive 100% Surge?
The post Pi Coin Price Prediction Today: What’s Next After Massive 100% Surge? appeared first on C...
READ MORE
post-thumbnail
News
5 hours ago
Cardano (ADA) Price Prediction For February 23
The post Cardano (ADA) Price Prediction For February 23 appeared first on Coinpedia Fintech News Car...
READ MORE
default post thumbnail
News
5 hours ago
Crypto CEO Calls Start Of The Altcoin Season With A Caveat
According to CryptoQuant’s data, the long-awaited altcoin season may have officially arrived. The ...
READ MORE
default post thumbnail
News
5 hours ago
Dogecoin Price Confirming Final Retest, Here Are The Levels To Watch For A Bullish Breakout
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest befor...
READ MORE
default post thumbnail
News
5 hours ago
PlutoChain’s Expanding Ecosystem: How This Hybrid Layer-2 for Bitcoin Unlocks New Possibilities
Blockchain networks continue to face significant challenges with transaction speed and system effici...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started