{"id":155651,"date":"2023-09-14T10:55:33","date_gmt":"2023-09-14T05:25:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=155651"},"modified":"2023-09-14T10:55:33","modified_gmt":"2023-09-14T05:25:33","slug":"solana-at-make-or-break-moment-key-levels-to-watch-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/solana-at-make-or-break-moment-key-levels-to-watch-crypto-news\/","title":{"rendered":"Solana At Make-Or-Break Moment, Key Levels To Watch &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Solana is eyeing a fresh increase above the $19.00 resistance against the US Dollar. SOL price must settle above $19 and $20 to start a fresh increase.<\/em><\/p>\n<ul>\n<li>SOL price is attempting a bullish breakout above the $19 resistance against the US Dollar.<\/li>\n<li>The price is now trading below $20 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it settles above the trend line and $20.<\/li>\n<\/ul>\n<h2>Solana Price Eyes Bullish Breakout<\/h2>\n<p>In the past few days, Solana\u2019s price <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/sol-price-prediction-solana-takes-hit-15\/\">extended its decline below the $22 support<\/a>. SOL even traded below the $20 level to move further into a bearish zone.<\/p>\n<p>Finally, it tested the $17.40 zone. A low was formed near $17.37 and the price is now attempting a fresh increase, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rally-above-26500\/\">Bitcoin<\/a> and Ethereum. There was a move above the $18.50 resistance zone. The price even spiked above the 50% Fib retracement level of the downward move from the $20.60 swing high to the $17.37 low.<\/p>\n<p>However, the bears are protecting a close above the $19 resistance. There is also a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL\/USD pair.<\/p>\n<p>Solana is now trading below $20 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $19.00 level. The first major resistance is near the $19.40 level or the 100 simple moving average (4 hours). It is close to the 61.8% Fib retracement level of the downward move from the $20.60 swing high to the $17.37 low.<\/p>\n<\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\">SOLUSD on TradingView.com<\/a><\/p>\n<p>The next key resistance is near $20. A clear move above the $20 resistance might send the price toward the $21.20 resistance. Any more gains might send the price toward the $22 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to settle above $19.00 and $19.40, it could start another decline. Initial support on the downside is near the $18.10 level.<\/p>\n<p>The first major support is near the $17.40 level. If there is a close below the $17.40 support, the price could decline toward the $16.50 support. In the stated case, there is a risk of more downsides toward the $15.00 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $18.10, and $17.40.<\/p>\n<p>Major Resistance Levels \u2013 $19.00, $19.40, and $20.00.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana is eyeing a fresh increase above the $19.00 resistance against the US Dollar. SOL price must settle above $19 and $20 to start a fresh increase. SOL price is attempting a bullish breakout above the $19 resistance against the US Dollar. The price is now trading below $20 and the 100 simple moving average [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":135494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-155651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155651","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=155651"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155651\/revisions"}],"predecessor-version":[{"id":155652,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155651\/revisions\/155652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/135494"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=155651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=155651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=155651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}