{"id":169720,"date":"2023-10-07T02:14:20","date_gmt":"2023-10-06T20:44:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/key-levels-to-watch-as-sol-price-aims-to-reclaim-25-mark-crypto-news\/"},"modified":"2023-10-07T02:14:23","modified_gmt":"2023-10-06T20:44:23","slug":"key-levels-to-watch-as-sol-price-aims-to-reclaim-25-mark-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/key-levels-to-watch-as-sol-price-aims-to-reclaim-25-mark-crypto-news\/","title":{"rendered":"Key Levels to Watch as SOL Price Aims to Reclaim $25 Mark &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-160947\">\n<p>\nThe SOL price sustainability above the reclaimed $22 barrier paves the way for higher recovery.\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\/wIVdqQVI-e1696623992425.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 9 seconds 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\/key-levels-to-watch-as-sol-price\/&#038;text=Key Levels to Watch as SOL Price Aims to Reclaim $25 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\/key-levels-to-watch-as-sol-price\/\" 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\/key-levels-to-watch-as-sol-price\/\" 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\">On October 1st, the Solana coin price took a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/solana-co-founder-lashes-out-at-ethereum-in-war-of-words\/\">definitive leap past the $22 resistance<\/a>, hinting at the continuation of its ongoing recovery trajectory. This surge also eclipsed a noteworthy peak from the preceding corrective phase, suggesting a potential shift in market dynamics. But, is SOL poised with sufficient bullish drive to maintain an enduring uptrend?<\/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-co-founder-lashes-out-at-ethereum-in-war-of-words\/\">Solana Co-Founder Lashes Out At Ethereum In War of Words<\/a><\/p>\n<h2><b>New Found Support Hints 8% jump<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Rising channel pattern carriers the current recovery trend in SOL<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A bullish breakout $22 barrier sets the SOL price for another 8% jump<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The 24-hour trading volume on the Solana coin is $402 Million, indicating a 12% 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\/w\/wIVdqQVI.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/w\/wIVdqQVI.png\" alt=\"SOL Price\" width=\"1946\" height=\"1104\"\/><\/noscript>Source-Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">The cryptocurrency titan, Bitcoin, has been grappling to clear the $28,500 threshold, causing many prominent cryptos to stumble in their recovery efforts. Consequently, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\">Solana Price<\/a> retraced from the $24.75 peak, witnessing a decline of 9% this week, bottoming out near $22.58.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">However, this recent trough seems to have acted as a catalyst, stirring buying interest at newfound support at $22 and pushing the SOL price by 3.9%, positioning it at a current value of $23.59. Should this purchasing fervor persist, we might anticipate a further ascent of roughly 8%, targeting the significant resistance zone around $25.3.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Zooming out for a broader perspective, it\u2019s apparent that this altcoin ongoing revival operates within the confines of a rising channel pattern. This formation has witnessed the SOL price responding robustly to both its upper and lower boundaries, underscoring the pattern\u2019s pronounced influence on market participants.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Adhering to this structure suggests that the coin\u2019s resurgence might reach up to $36 before confronting the channel\u2019s upper trendline.<\/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-160949\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"SOL vs BTC\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-07_01-52-53-e1696624194355.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-160949\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-07_01-52-53-e1696624194355.png\" alt=\"SOL vs BTC\" 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\">Assessing the price fluctuations over the past half-year reveals that the Solana coin\u2019s valuation has exhibited pronounced volatility, especially when compared to Bitcoin. While the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> trajectory appears relatively horizontal, the SOL price movement mirrors this trend but with heightened amplitude in its peaks and troughs. Notably, amidst the broader market\u2019s bullish fervor, Solana coin has outshined Bitcoin, registering significant gains in recent weeks.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><strong>Bollinger Band:<\/strong> An uptick in the upper <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Band<\/a> reflects the buying momentum is still aggressive.<\/li>\n<li style=\"font-weight: 400\"><strong>Average Directional Index<\/strong>: the rising EDX of around 26% reflects the buyers have enough steam to prolong the ongoing recovery rally<\/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\/key-levels-to-watch-as-sol-price\/&#038;text=Key Levels to Watch as SOL Price Aims to Reclaim $25 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\/key-levels-to-watch-as-sol-price\/\" 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\/key-levels-to-watch-as-sol-price\/\" 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\/key-levels-to-watch-as-sol-price\/\" 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=\"TabA160947\">\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=\"TabD160947\">\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>The SOL price sustainability above the reclaimed $22 barrier paves the way for higher recovery. Published 9 seconds ago On October 1st, the Solana coin price took a definitive leap past the $22 resistance, hinting at the continuation of its ongoing recovery trajectory. This surge also eclipsed a noteworthy peak from the preceding corrective phase, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":169721,"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-169720","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\/169720","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=169720"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169720\/revisions"}],"predecessor-version":[{"id":169722,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169720\/revisions\/169722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/169721"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}