{"id":191934,"date":"2023-11-11T19:11:03","date_gmt":"2023-11-11T13:41:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/has-sol-hit-overbought-after-50-breakout-crypto-news\/"},"modified":"2023-11-11T19:11:07","modified_gmt":"2023-11-11T13:41:07","slug":"has-sol-hit-overbought-after-50-breakout-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/has-sol-hit-overbought-after-50-breakout-crypto-news\/","title":{"rendered":"Has $SOL Hit Overbought After $50 Breakout? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-164216\">\n<p>\nSolana Price Prediction: The SOL price shoots beyond $50 with a 25% overnight jump teasing a bull run to $75.\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\/11\/z2EzJ0zs-e1699709817118.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 7 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Solana Price Prediction: As Bitcoin reclaims the $37K mark, the altcoins market is booming, providing double-digit returns over the past weeks. Ranking amongst the top-performing coins, the Solana coin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/sol-price-shoots-7-moving-closer-to-50-whats-next-for-solana\/\">showcases a strong recovery<\/a> and reclaims the $50 mark.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the bullish momentum continues growing as the buyers become more confident after the $50 breakout. So, will the SOL price continue to rise and reach $75?<\/span><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/sol-price-at-55-gsol-buy-solana\/\">SOL Price At $55 Amid Institutional Inflows in GSOL, Should You Buy Solana Now?<\/a><\/p>\n<h2><b>Strong SOL Holders Absorbs Incoming Supply via FTX<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The rounding bottom pattern triggers a long-term trend reversal.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With improving market conditions, the SOL price can soon claim the $75 mark.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The 24-hour trading volume on the Solana coin is 3.5$ Million, indicating a 6.7% 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=\"Solana Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/z2EzJ0zs.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/z2EzJ0zs.png\" alt=\"Solana Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source-<\/span><span style=\"font-weight: 400;\">Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With remarkable growth in the last few weeks, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\">Solana price<\/a> trend turned bullish and reflected a huge increase in trading volume. Supporting a bullish comeback, the overall market recovery fuels the underlying demand for Solana.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">With an overnight growth of 25%, the Solana price action has produced a huge bullish candle similar to a marubozu. The increase in demand, at a time when SOL tokens are being sold from the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ftx-moves-to-unstake-1-6-million-sol-amid-market-turbulence\/\">FTX holding<\/a>, reflects a strong underlying demand.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">In the past sixty days, the altcoin has skyrocketed by 212%, to reclaim the $50 mark and currently trades at $58.08. With an intraday gain of 2.6%, the coin buyers offer a suitable follow-up to the last breakout, continuing on the path of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rounding-bottom-pattern\/\">rounding bottom pattern<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Under the influence of this pattern, the coin price is likely to surge 34% to hit the next significant resistance of $78.<\/span><\/p>\n<h2><strong>Will SOL Price Sustain Above $50?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">With the crypto market gaining momentum, high-performance altcoins like Solana showcase a high likelihood of a prolonged uptrend. Crossing the psychological barrier of $50, the SOL coin price can hit the $75 mark, if the buyers sustain trend control and shatter the $60 mark.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">If things go south, the overhead supply with the FTX dumping SOL tokens can be fatal. In such a case, the downtrend can fall under $50 to test the $38 mark<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Directional Moving Index: <\/b><span style=\"font-weight: 400;\">The daily ADX line continues the positive arc of parabolic growth. Meanwhile, the DMI lines align with the bullish crossover showing a high momentum bullish sprint in motion.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average<\/b><span style=\"font-weight: 400;\">: The sharp upturn in the 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, and 200.) indicates a strong uptrend in action.<\/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\/solana-price-prediction-has-sol-hit-overbought-after-50\/&#038;text=Solana Price Prediction: Has $SOL Hit Overbought After $50 Breakout?\" 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\/solana-price-prediction-has-sol-hit-overbought-after-50\/\" 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\/solana-price-prediction-has-sol-hit-overbought-after-50\/\" 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\/solana-price-prediction-has-sol-hit-overbought-after-50\/\" 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=\"TabA164216\">\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=\"TabD164216\">\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>Solana Price Prediction: The SOL price shoots beyond $50 with a 25% overnight jump teasing a bull run to $75. Published 7 seconds ago Solana Price Prediction: As Bitcoin reclaims the $37K mark, the altcoins market is booming, providing double-digit returns over the past weeks. Ranking amongst the top-performing coins, the Solana coin showcases a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":191935,"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-191934","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\/191934","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=191934"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/191934\/revisions"}],"predecessor-version":[{"id":191936,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/191934\/revisions\/191936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/191935"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=191934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=191934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=191934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}