{"id":166324,"date":"2023-10-02T01:07:43","date_gmt":"2023-10-01T19:37:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-winning-streak-in-sol-price-reclaim-30-mark-crypto-news\/"},"modified":"2023-10-02T01:07:46","modified_gmt":"2023-10-01T19:37:46","slug":"will-winning-streak-in-sol-price-reclaim-30-mark-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-winning-streak-in-sol-price-reclaim-30-mark-crypto-news\/","title":{"rendered":"Will Winning Streak in SOL Price Reclaim $30 Mark? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-160519\">\n<p>\nA bullish breakout from the key resistance sets the SOL price for a higher rally; Should you enter?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/ey10IE6J-e1696187616527.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SOL Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 20 mins ago  <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/will-winning-streak-in-sol-price-reclaim-30-mark\/&#038;text=Will Winning Streak in SOL Price Reclaim $30 Mark?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/will-winning-streak-in-sol-price-reclaim-30-mark\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/will-winning-streak-in-sol-price-reclaim-30-mark\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">In the midst of a broader crypto market upswing, the Solana price has been riding a veritable wave of bullish momentum. Over a five-day winning streak on the daily chart, the coin price action completed an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bullish-pattern-in-play-sets-sol-price-recovery-to-hit-25\/\">inverted head and shoulders pattern<\/a>, a common bottoming formation that often signals a reversal in bearish sentiment. On October 30th, this pattern culminated in a decisive breakout above the $20.8 resistance level, further fueling the altcoin\u2019s upward trajectory.<\/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\/solana-registers-surprise-10-jump-toppling-dogecoin-next-sol-price-target-32\/\">Solana Registers Surprise 10% Jump Toppling Dogecoin, Next SOL Price Target $32?<\/a><\/p>\n<h2><b>Is Current Recovery Sustainable?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The reclaimed 200-day EMA could offer strong support to the buyers.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A bullish breakout from the overhead trendline would set the coin by 11%<\/span><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The 24-hour trading volume on the Solana coin is $161.4 Million, indicating a 13% gain.<\/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=\"SOL Price\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/ey10IE6J.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/ey10IE6J.png\" alt=\"SOL Price\" width=\"1946\" height=\"1104\"\/><\/noscript>Source-<\/span><span style=\"font-weight: 400\">Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">On September 30th, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\">Solana price<\/a> confirmed the pattern\u2019s efficacy by breaking through the neckline of the inverted head and shoulders formation. This technical breakout was substantiated by an intraday gain of 5.5% today, pushing the price to breach yet another horizontal resistance at $22.2.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">Trading at $22.5 at the time of this analysis, these recently pierced resistance levels may now serve as robust support zones during any market pullbacks. Should the SOL price maintain its foothold above $22.1, we could see buyers propel the price by another 13%, targeting the $25.5 zone.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">However, caution is advised as the long wick rejection around the $24 mark on the daily chart suggests a potential minor pullback, providing traders with a potential re-entry point during a retest.<\/span><\/p>\n<h2><b>SOL vs BTC Performance<\/b><\/h2>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-160521\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"BTC vs SOl\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-01_00-24-43-2-e1696187392404.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-160521\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-01_00-24-43-2-e1696187392404.png\" alt=\"BTC vs SOl\" width=\"1200\" height=\"675\"\/><\/noscript>Source: Coingape| Solana Vs Bitcoin Price<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400\">Comparative analysis over the past three months reveals that SOL has outshone BTC in terms of recovery, especially in the last week. While the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> has shown a more tepid bounce back, indicating a short-term sideways trend, The Solana price has not only displayed a stronger recovery but also formed its first higher low\u2014a generally bullish indicator.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400\">The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI<\/a> slope above 60% reflects sufficient bullish momentum for an upswing.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400\">The reclaimed daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMAs<\/a>(20, 50, 100, a200) could offer buyer additional edge<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/will-winning-streak-in-sol-price-reclaim-30-mark\/&#038;text=Will Winning Streak in SOL Price Reclaim $30 Mark?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/will-winning-streak-in-sol-price-reclaim-30-mark\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/will-winning-streak-in-sol-price-reclaim-30-mark\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/will-winning-streak-in-sol-price-reclaim-30-mark\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA160519\">\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>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/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\/a533fdcf650a1d3d3b6a452bcef2d18a?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\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?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=\"TabD160519\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bullish breakout from the key resistance sets the SOL price for a higher rally; Should you enter? Published 20 mins ago In the midst of a broader crypto market upswing, the Solana price has been riding a veritable wave of bullish momentum. Over a five-day winning streak on the daily chart, the coin price [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":166325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-166324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166324","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=166324"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166324\/revisions"}],"predecessor-version":[{"id":166326,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166324\/revisions\/166326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/166325"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}