Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Solana breaks key resistance, $22 could be next
Analysis

Solana breaks key resistance, $22 could be next

2023-07-07No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Solana is rising above the $20 resistance against the US dollar. SOL price could continue to rise steadily towards the $22 zone in the near term.

  • SOL price is showing positive signs above the USD 19.50 level against the US Dollar.
  • The price is now trading above USD 20 and the 100 simple moving average (4 hours).
  • A major bullish trendline is forming with support near $19.70 on the SOL/USD pair’s 4-hour chart (data source from Kraken).
  • The pair could continue to rise unless a close comes below $18.00.

Solana Price begins recovery

In the past few days, the price of Solana started to rise again from the $15.65 support zone, similar to Bitcoin and Ethereum. The bulls gained momentum for a clear move above the $18 resistance.

The price even climbed above the $20 level before the bears appeared. A high is forming near $20.95 and the price is now consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the $15.64 swing low to the $20.95 high.

SOL is now trading above $20 and the 100 simple moving average (4 hours). A major bullish trendline is also forming with support near USD 19.70 on the 4-hour chart of the SOL/USD pair.

SOL Price Prediction

Source: SOLUSD at TradingView.com

On the upside, immediate resistance is near the $20.50 level. The first major resistance is near the USD 21 level. A clear move above the $21 resistance could push the price towards the $22 resistance. More gains could send the price towards the $22.40 level.

See also  Solana (SOL) could soon rise above $250: are the bulls in control?

Cons Supported in SOL?

If SOL fails to clear the $20.50 resistance, it could start a downside correction. The first support on the downside is near the $19.70 level and trendline.

The first major support is near the $18.40 level or the 50% Fib retracement level of the upward move from the $15.64 swing low to the $20.95 high. If a close breaks below the USD 18.40 support, the price could drop sharply. In the said case, the price might drop towards $16.80 support. The next major support is near the $15.65 level.

Technical indicators

4am MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $19.70 and $18.40.

Main resistance levels – $20.50, $21.00 and $22.00.

Source link

Breaks Key Resistance Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

2025-05-18

Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

2025-05-17

$ 40 billion in XRP on the road – where are they going?

2025-05-17

Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

2025-05-17
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Chainlink CEO Sergey Nazarov discusses new opportunities for tokenization

2024-06-01

Nym will improve modular blockchain scalability in collaboration with Celestia

2025-01-20

The SEC may be about to drop its attack on Solana…

2024-07-31
Editors Picks

Bitcoin: What Social sentiment says about the next step of BTC

2025-01-31

Can Shiba Inu [SHIB] keep calm despite declining DeFi, NFT volume

2022-10-13

Bored Ape Yacht Club turns Pudgy Penguins into rock bottom price

2024-02-22

Shiba Inu stuck below the Fib level of 23.6% – What to expect next

2023-05-18
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Hedera Hashgraph (HBAR) Price forecast before 19 May

Jesse Pollak explains how Pectra Upgrade will overload the basic network

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,119.920.81%
  • ethereumEthereum(ETH)$2,390.31-3.52%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.360.25%
  • binancecoinBNB(BNB)$640.65-0.18%
  • solanaSolana(SOL)$166.20-0.37%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2210192.78%
  • cardanoCardano(ADA)$0.73-0.72%
  • tronTRON(TRX)$0.263016-3.19%
  • suiSui(SUI)$3.780.74%
  • chainlinkChainlink(LINK)$15.25-0.57%
  • avalanche-2Avalanche(AVAX)$22.03-0.34%
  • stellarStellar(XLM)$0.282866-1.19%
  • hyperliquidHyperliquid(HYPE)$25.91-1.61%
  • shiba-inuShiba Inu(SHIB)$0.0000141.11%
  • hedera-hashgraphHedera(HBAR)$0.190999-0.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-0.09%
  • bitcoin-cashBitcoin Cash(BCH)$395.670.06%
  • the-open-networkToncoin(TON)$3.06-0.58%
  • litecoinLitecoin(LTC)$97.781.49%
  • polkadotPolkadot(DOT)$4.57-0.64%
  • moneroMonero(XMR)$341.900.81%
  • bitget-tokenBitget Token(BGB)$5.204.45%
  • pepePepe(PEPE)$0.0000136.04%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.743.41%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.801.55%
  • bittensorBittensor(TAO)$410.46-2.57%
  • aaveAave(AAVE)$218.77-0.79%
  • nearNEAR Protocol(NEAR)$2.711.31%
  • okbOKB(OKB)$52.30-1.54%
  • aptosAptos(APT)$4.97-1.71%
  • ondo-financeOndo(ONDO)$0.91-0.39%
  • kaspaKaspa(KAS)$0.1093920.50%
  • internet-computerInternet Computer(ICP)$5.10-0.60%
  • ethereum-classicEthereum Classic(ETC)$17.89-1.05%
  • gatechain-tokenGateToken(GT)$21.53-0.51%
  • crypto-com-chainCronos(CRO)$0.096910-0.16%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.820.91%
  • mantleMantle(MNT)$0.730.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2328130.53%
  • vechainVeChain(VET)$0.0277580.33%
  • render-tokenRender(RENDER)$4.48-0.77%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.3645732.60%
  • algorandAlgorand(ALGO)$0.2186971.73%
  • filecoinFilecoin(FIL)$2.790.16%
  • cosmosCosmos(ATOM)$4.740.99%
  • bitcoinBitcoin(BTC)$104,119.920.81%
  • ethereumEthereum(ETH)$2,390.31-3.52%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.360.25%
  • binancecoinBNB(BNB)$640.65-0.18%
  • solanaSolana(SOL)$166.20-0.37%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2210192.78%
  • cardanoCardano(ADA)$0.73-0.72%
  • tronTRON(TRX)$0.263016-3.19%
  • suiSui(SUI)$3.780.74%
  • chainlinkChainlink(LINK)$15.25-0.57%
  • avalanche-2Avalanche(AVAX)$22.03-0.34%
  • stellarStellar(XLM)$0.282866-1.19%
  • hyperliquidHyperliquid(HYPE)$25.91-1.61%
  • shiba-inuShiba Inu(SHIB)$0.0000141.11%
  • hedera-hashgraphHedera(HBAR)$0.190999-0.04%
  • unus-sed-leoUNUS SED LEO(LEO)$8.65-0.09%
  • bitcoin-cashBitcoin Cash(BCH)$395.670.06%
  • the-open-networkToncoin(TON)$3.06-0.58%
  • litecoinLitecoin(LTC)$97.781.49%
  • polkadotPolkadot(DOT)$4.57-0.64%
  • moneroMonero(XMR)$341.900.81%
  • bitget-tokenBitget Token(BGB)$5.204.45%
  • pepePepe(PEPE)$0.0000136.04%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.743.41%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.801.55%
  • bittensorBittensor(TAO)$410.46-2.57%
  • aaveAave(AAVE)$218.77-0.79%
  • nearNEAR Protocol(NEAR)$2.711.31%
  • okbOKB(OKB)$52.30-1.54%
  • aptosAptos(APT)$4.97-1.71%
  • ondo-financeOndo(ONDO)$0.91-0.39%
  • kaspaKaspa(KAS)$0.1093920.50%
  • internet-computerInternet Computer(ICP)$5.10-0.60%
  • ethereum-classicEthereum Classic(ETC)$17.89-1.05%
  • gatechain-tokenGateToken(GT)$21.53-0.51%
  • crypto-com-chainCronos(CRO)$0.096910-0.16%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.820.91%
  • mantleMantle(MNT)$0.730.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2328130.53%
  • vechainVeChain(VET)$0.0277580.33%
  • render-tokenRender(RENDER)$4.48-0.77%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.3645732.60%
  • algorandAlgorand(ALGO)$0.2186971.73%
  • filecoinFilecoin(FIL)$2.790.16%
  • cosmosCosmos(ATOM)$4.740.99%