{"id":122899,"date":"2023-07-15T15:04:40","date_gmt":"2023-07-15T15:04:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/whats-next-for-solana-price-after-a-120-surge-crypto-news\/"},"modified":"2023-07-15T15:04:43","modified_gmt":"2023-07-15T15:04:43","slug":"whats-next-for-solana-price-after-a-120-surge-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/whats-next-for-solana-price-after-a-120-surge-crypto-news\/","title":{"rendered":"What&#8217;s Next for Solana Price After a 120% Surge?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154339\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15201957\/1X2UoaDX-e1689432613379.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Solana Price Analysis\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15201957\/1X2UoaDX-e1689432613379.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15201957\/1X2UoaDX-e1689432613379-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15201957\/1X2UoaDX-e1689432613379-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15201957\/1X2UoaDX-e1689432613379-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">In the past four weeks, the Solana price has showcased parabolic growth in the daily time chart.  From the June 10th low of $12.8, the coin price surged to the current price of $28.25 registering a growth of 120%.  This massive rally is likely linked to the bullish outlook of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/what-is-symmetrical-triangle-pattern-and-how-it-works\/\">symmetrical triangle chart pattern<\/a> and the ripple effect of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-price-shoots-60-in-hours-with-huge-whale-activity-fomo-kicking-in\/\">XRP coin price rally<\/a>,  However, can SOL prices sustain this bullish momentum for further growth?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/veteran-investor-raoul-pal-predicts-a-20x-rally-in-solana-sol-price-possible\/\">Veteran Investor Raoul Pal Predicts A 20x Rally in Solana (SOL) Price<\/a><\/p>\n<h2><b>Solana Price Daily Chart<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The $26.77 breakout sets the SOL price up for a 35.6% upswing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Solana price is likely to witness minor correction before the next leap.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The 24-hour trading volume on the Solana coin is $146.5 Million, indicating a 37% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Solana price\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/1\/1X2UoaDX.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/1\/1X2UoaDX.png\" alt=\"Solana price\" width=\"1946\" height=\"1104\"\/><\/noscript>Source-Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amid the ongoing recovery, the Solana Price showcased a failed breakout attempt from the multi-month resistance of $26.77.  The long-wick rejection attached to the June 14th daily candle projected the sellers are actively defending this resistance.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">However, with a 6.6% jump today, the aggressive buyers rechallenged the overhead resistance to reclaim higher ground.. Having said that, the potential buyers must wait for a candle closing above $26.77 to confirm this breakout.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">If the coin price managed to sustain the $26.77 flipped support, the buyers would obtain a solid springboard to rally 35.6% and hit the next significant barrier of $38.6.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Is this the Right Time to Buy SOL?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Solana price has doubled its market value in a month.  An aggressive rally such as this could be unhealthy for a long-term bull run despite the current sentiment in the market.  Therefore, with a bullish breakout from $26.77, the altcoin is likely to pull back or consolidate above the breached resistance to check its support strength.  This anticipated retest could offer a long-entry opportunity to traders.<\/span><\/p>\n<ul>\n<li><b>Bollinger bands: <\/b><span style=\"font-weight: 400;\">The SOL price challenging the upper ceiling of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger bands indicator<\/a> is a sign of high momentum buying.<\/span><\/li>\n<li><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">The rising ADX price closing towards the 40% mark would indicate an over-extended rally and therefore need for minor correction.b<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154339\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD154339\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 10 minutes ago In the past four weeks, the Solana price has showcased parabolic growth in the daily time chart. From the June 10th low of $12.8, the coin price surged to the current price of $28.25 registering a growth of 120%. This massive rally is likely linked to the bullish outlook of a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":122900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-122899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=122899"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122899\/revisions"}],"predecessor-version":[{"id":122901,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122899\/revisions\/122901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/122900"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=122899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=122899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=122899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}