{"id":16161,"date":"2023-01-13T05:11:35","date_gmt":"2023-01-13T05:11:35","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/13\/sol-could-extend-rally-above-18\/"},"modified":"2023-01-13T05:11:36","modified_gmt":"2023-01-13T05:11:36","slug":"sol-could-extend-rally-above-18","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/13\/sol-could-extend-rally-above-18\/","title":{"rendered":"SOL Could Extend Rally Above $18"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Solana is exhibiting bullish indicators above $15 in opposition to the US Dollar. SOL value may prolong its rally above the $18 and $20 resistance ranges.<\/em><\/p>\n<ul>\n<li>Sol value began a recent enhance above the $15 and $16 ranges in opposition to the US Dollar.<\/li>\n<li>The value is now buying and selling above $16 and the 100 easy shifting common (4-hours).<\/li>\n<li>There is a key bullish pattern line forming with assist close to $15.90 on the 4-hours chart of the SOL\/USD pair (knowledge supply from Kraken).<\/li>\n<li>The pair may rise additional if it stays above the $15.00 and $12.80 assist ranges.<\/li>\n<\/ul>\n<h2>Solana Price Eyes More Gains<\/h2>\n<p>This week, solana value fashioned a base and began a gentle enhance above the $14 degree. There was a robust enhance above the $15 resistance zone, just like <a href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-spikes-to-19k\/\" target=\"_blank\" rel=\"noopener\">bitcoin<\/a> and <a href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-bulls-aim-1500\/\" target=\"_blank\" rel=\"noopener\">ethereum<\/a>.<\/p>\n<p>The bulls even managed to pump the worth above the $16.50 resistance. It traded to a brand new yearly excessive at $17.47 and is at present consolidating beneficial properties. There was a minor correction beneath the 23.6% Fib retracement degree of the upward wave from the $12.70 swing low to $17.47 excessive.<\/p>\n<p>Sol value is now buying and selling above $16 and the 100 easy shifting common (4-hours). There can also be a key bullish pattern line forming with assist close to $15.90 on the 4-hours chart of the SOL\/USD pair.<\/p>\n<p><a href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-515898\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4.png\" alt=\"Solana Price Eyes More Gains\" width=\"1834\" height=\"845\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4.png 1834w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4-460x212.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4-860x396.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4-768x354.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4-1536x708.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4-750x346.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Solana-4-1140x525.png 1140w\" sizes=\"auto, (max-width: 1834px) 100vw, 1834px\"\/><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"nofollow noopener\">SOLUSD on TradingView.com<\/a><\/p>\n<p>On the upside, an instantaneous resistance is close to the $17.50 degree. The first main resistance is close to the $18 degree. The subsequent main resistance is close to the $18.80 zone, above which the worth would possibly rise in the direction of the $20 barrier. Any extra beneficial properties would possibly ship the worth in the direction of the $25 degree.<\/p>\n<h2>Dips Attractive in SOL?<\/h2>\n<p>If SOL fails to clear the $18 resistance, it may begin a draw back correction. An preliminary assist on the draw back is close to the $16.35 degree.<\/p>\n<p>The first main assist is close to the $15.00 degree and the pattern line. It is close to the 50% Fib retracement degree of the upward wave from the $12.70 swing low to $17.47 excessive. The subsequent main assist is close to the $14.10 degree. If there&#8217;s a draw back break beneath the $14.10 assist, the worth would possibly check the following key assist at $12.80.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for SOL\/USD is gaining tempo within the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 degree.<\/p>\n<p>Major Support Levels \u2013 $16.30, $15.00 and $14.10.<\/p>\n<p>Major Resistance Levels \u2013 $17.40, $18 and $20.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/solana-price-prediction-sol-18\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Solana is exhibiting bullish indicators above $15 in opposition to the US Dollar. SOL value may prolong its rally above the $18 and $20 resistance ranges. Sol value began a recent enhance above the $15 and $16 ranges in opposition to the US Dollar. The value is now buying and selling above $16 and 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