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

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

2025-05-22

XRP price to crash 30% if this happens

2025-05-22

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

2025-05-22
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

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    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
  • 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

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    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
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Solana retests key support: Is a price reversal likely?
Altcoins

Solana retests key support: Is a price reversal likely?

2023-09-02No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 3, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

  • SOL retraced to a crucial bullish order block near $18.
  • MobChart showed massive buy limit orders at $18 and $19. 

Solana [SOL] breached the $20 psychological level, but the drop could ease as buying interest surged near the $18 and $19 levels. Nevertheless, Bitcoin [BTC] was stuck in the range-low at $25k at press time and could complicate a solid upswing for SOL.  


How much are 1,10,100 SOLs worth today? 


Can bulls defend the $18-$19 area?

Solana price analysis

Source: SOL/USDT on TradingView

The $20 level was crucial support between April, May and at the end of August. But it was breached in September. However, the plunge has hit a daily bullish order block (OB) of $18.3 – $19.5 (white). 

If the demand spikes at the above bullish OB, SOL could target $22 or the 50% Fib level ($22.5) in the next few days. 

Conversely, sellers could push it lower to 23.6% Fib level ($17.4) or the next daily bullish OB of $15.6 – $16.65 (cyan). 

Meanwhile, the Relative Strength Index (RSI) oscillated below 50 in the past few days, showing muted but equal buying and selling pressure. 

Similarly, the Chaikin Money Flow (CMF) exhibited swings around the zero mark, reinforcing capital inflows wavered over the same period. 

Massive buying interest at $18-$19

SOL price analysis

Source: MobChart

On Mobchart, the real-time order tracking platform, there was significant buying interest at $18 and $19. Large buy limit orders were placed at these levels on the Binance Exchange, as shown by the green lines. So, the price could bounce from these levels. 

See also  XRP Price Upside Moving slows down- What is the outbreak of the outbreak?

Is your portfolio green? Check out the SOL Profit Calculator


On the sell side, large sell limit orders were placed at the $22 level on the 4-hour timeframe. The inference from above is that a price reversal could occur when SOL edges closer to $22. 

So, if BTC defends the range-low, SOL could aim at $22 or the 50% Fib level ($22.5). But bulls must clear the $20.2 hurdle (38.2% Fib level) to push forward in such an upswing scenario.

Source link

Key Price Retests Reversal Solana Support
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP price to crash 30% if this happens

2025-05-22

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

2025-05-22

Bitcoin price rays to New All Time Bulls takes the lead

2025-05-22

Cardano Bulls Reclaim Control: Is Ada on its way to $ 0.9?

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Bitcoin: Holders of 1 to 100 Coins Intensify Sale as…

2023-07-02

ECB’s anti-Bitcoin stance angers community: ‘Real declaration of war’

2024-10-20

Shiba Inu Price Prediction: If History Repeats Itself, SHIB Price Prepares for a 422% Rally in October

2023-10-01
Editors Picks

Congress investigates the ‘systematic’ debit of the crypto industry under the BIDEN regime

2025-01-24

Austrian tourist providers want to make your holiday a success

2023-10-22

Some Multichain cross-chain bridges are suddenly working again

2023-06-05

Register $ 16.5b BTC options expire on Friday: Can Bitcoin jump above $ 90k?

2025-03-28
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

Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

XRP price to crash 30% if this happens

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

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)$110,860.764.03%
  • ethereumEthereum(ETH)$2,629.893.03%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.402.36%
  • binancecoinBNB(BNB)$683.254.30%
  • solanaSolana(SOL)$178.315.78%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2409016.34%
  • cardanoCardano(ADA)$0.794.99%
  • tronTRON(TRX)$0.2718260.38%
  • suiSui(SUI)$4.147.96%
  • chainlinkChainlink(LINK)$16.383.50%
  • hyperliquidHyperliquid(HYPE)$30.6516.78%
  • avalanche-2Avalanche(AVAX)$24.077.01%
  • stellarStellar(XLM)$0.2976323.29%
  • shiba-inuShiba Inu(SHIB)$0.0000154.71%
  • hedera-hashgraphHedera(HBAR)$0.2018853.06%
  • bitcoin-cashBitcoin Cash(BCH)$414.914.24%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.75%
  • the-open-networkToncoin(TON)$3.173.87%
  • polkadotPolkadot(DOT)$4.843.46%
  • litecoinLitecoin(LTC)$98.774.46%
  • moneroMonero(XMR)$398.489.34%
  • bitget-tokenBitget Token(BGB)$5.282.37%
  • pepePepe(PEPE)$0.0000146.25%
  • piPi(PI)$0.834.92%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$472.1513.16%
  • uniswapUniswap(UNI)$6.371.21%
  • aaveAave(AAVE)$253.15-2.68%
  • nearNEAR Protocol(NEAR)$2.966.25%
  • aptosAptos(APT)$5.394.67%
  • ondo-financeOndo(ONDO)$1.006.52%
  • okbOKB(OKB)$52.861.56%
  • kaspaKaspa(KAS)$0.1164285.87%
  • ethereum-classicEthereum Classic(ETC)$19.445.32%
  • internet-computerInternet Computer(ICP)$5.494.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.552.00%
  • gatechain-tokenGateToken(GT)$21.670.35%
  • crypto-com-chainCronos(CRO)$0.0995633.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2492317.69%
  • vechainVeChain(VET)$0.0299565.48%
  • render-tokenRender(RENDER)$4.976.79%
  • mantleMantle(MNT)$0.751.04%
  • ethenaEthena(ENA)$0.4088276.27%
  • usd1World Liberty Financial USD(USD1)$1.000.07%
  • arbitrumArbitrum(ARB)$0.4239537.15%
  • algorandAlgorand(ALGO)$0.2366525.26%
  • filecoinFilecoin(FIL)$3.015.28%
  • bitcoinBitcoin(BTC)$110,860.764.03%
  • ethereumEthereum(ETH)$2,629.893.03%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.402.36%
  • binancecoinBNB(BNB)$683.254.30%
  • solanaSolana(SOL)$178.315.78%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2409016.34%
  • cardanoCardano(ADA)$0.794.99%
  • tronTRON(TRX)$0.2718260.38%
  • suiSui(SUI)$4.147.96%
  • chainlinkChainlink(LINK)$16.383.50%
  • hyperliquidHyperliquid(HYPE)$30.6516.78%
  • avalanche-2Avalanche(AVAX)$24.077.01%
  • stellarStellar(XLM)$0.2976323.29%
  • shiba-inuShiba Inu(SHIB)$0.0000154.71%
  • hedera-hashgraphHedera(HBAR)$0.2018853.06%
  • bitcoin-cashBitcoin Cash(BCH)$414.914.24%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.75%
  • the-open-networkToncoin(TON)$3.173.87%
  • polkadotPolkadot(DOT)$4.843.46%
  • litecoinLitecoin(LTC)$98.774.46%
  • moneroMonero(XMR)$398.489.34%
  • bitget-tokenBitget Token(BGB)$5.282.37%
  • pepePepe(PEPE)$0.0000146.25%
  • piPi(PI)$0.834.92%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$472.1513.16%
  • uniswapUniswap(UNI)$6.371.21%
  • aaveAave(AAVE)$253.15-2.68%
  • nearNEAR Protocol(NEAR)$2.966.25%
  • aptosAptos(APT)$5.394.67%
  • ondo-financeOndo(ONDO)$1.006.52%
  • okbOKB(OKB)$52.861.56%
  • kaspaKaspa(KAS)$0.1164285.87%
  • ethereum-classicEthereum Classic(ETC)$19.445.32%
  • internet-computerInternet Computer(ICP)$5.494.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.552.00%
  • gatechain-tokenGateToken(GT)$21.670.35%
  • crypto-com-chainCronos(CRO)$0.0995633.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2492317.69%
  • vechainVeChain(VET)$0.0299565.48%
  • render-tokenRender(RENDER)$4.976.79%
  • mantleMantle(MNT)$0.751.04%
  • ethenaEthena(ENA)$0.4088276.27%
  • usd1World Liberty Financial USD(USD1)$1.000.07%
  • arbitrumArbitrum(ARB)$0.4239537.15%
  • algorandAlgorand(ALGO)$0.2366525.26%
  • filecoinFilecoin(FIL)$3.015.28%