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»Altcoins»Solana Prepares for a 20% Rally – Can SOL Reclaim $176?
Altcoins

Solana Prepares for a 20% Rally – Can SOL Reclaim $176?

2024-10-12No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Solana is currently trading above $140 and showing signs of strength as it prepares for a possible move to higher levels. After a modest 5% gain on Friday, investors and analysts are increasingly optimistic about the direction Solana could take in the coming months.

A prominent analyst, Carl Runefelt, has shared a technical analysis predicting a 20% upside for SOL in the coming weeks, citing bullish patterns and favorable market conditions. His analysis suggests that Solana could reach $176 by the end of the year if current momentum continues.

Related reading

However, Solana still faces key resistance levels that could challenge its upward trajectory. Despite the recent surge, some market participants are cautious given the overall volatility in the crypto space. If Solana manages to hold its current support and break through resistance, the coming months could be crucial for the asset’s long-term price action.

Can SOL capitalize on its recent gains and reach new highs, or will it struggle to maintain momentum despite market headwinds? Investors are curious to see how this will play out as we approach the end of the year.

Solana tests supply levels

Solana has been trading within a range of $210 to $110 since mid-March, sparking mixed views among investors. While some see this price action as a consolidation phase, others think it could signal an impending breakout. In particular, top analyst and entrepreneur Carl Runefelt recently shared a technical analysis on Xrevealing a bullish triangle pattern for SOL.

Solana is about to break the bullish triangle pattern.
Solana is about to break the bullish triangle pattern. | Source: Carl Runefelt on X

According to Runefelt’s analysis, if Solana were to break out of this triangle pattern, it could experience a sharp upward move, potentially reaching $176 in the coming weeks. This would mark a significant increase from current trading levels and a major milestone for SOL. The price has struggled to break the $160 resistance level since early August, but Runefelt suggests that a breakout from the triangle could push the price well past this resistance.

See also  Solana co-founder applauds Solscan's development amid news of Etherscan acquisition

Related reading

A successful break above these critical levels would mean a 20% upside for Solana, with bullish momentum potentially pushing the price even higher. Investors are watching these moves closely as a breakout could spell the end of Solana’s long-standing sideways trading and mark the start of a new uptrend. If SOL can maintain support and continue this rally, it could soon test new highs and solidify its position as one of the best performing altcoins.

SOL Technical Analysis: Zones to Watch

Solana (SOL) is currently trading at $145, after rising 7% from local lows at $135. The price has managed to rise above the daily 200 exponential moving average (EMA) at $140, a key indicator of the strength of the short-term trends. However, the SOL is still 4% away from the crucial 200 moving average (MA) of $152, representing a stronger longer-term trend signal.

SOL holding above the 1D 200 EMA.
SOL is holding above the 1D 200 EMA. | Source: SOLUSDT chart on TradingView

A breakout above both the EMA and MA levels is essential for bulls to fully regain control and reclaim the trend. Surpassing these indicators could pave the way for a move towards the $160 supply zone, where sellers are expected to be more active. This would indicate a continuation of bullish momentum, with potential for further gains.

Related reading

On the other hand, if the price fails to hold above $140, this recent rise could be short-lived and a deeper correction could follow. A break below this level could send SOL lower to $110, which is a key demand zone that buyers can defend. Traders are keeping a close eye on these levels as the coming days will determine SOL’s near-term price.

See also  Solana (SOL) is equivalent to a 10% gain on weekly chart

Featured image of Dall-E, chart from TradingView

Source link

Prepares rally Reclaim SOL Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Solana Price has $ 166 support after rejection of $ 183, breakout above $ 177 very important

2025-05-18

Next Generation AI backbone: Oraichain, Pinlink and RSS3’s Synergetic Roles

2025-05-18
Add A Comment

Comments are closed.

Top Posts

DOGE signals new rally if it clears 100 SMA

2023-06-21

XRP’s Breakout Odds – Altcoin’s Next Price Targets Will Depend On…

2024-10-25

Arbitrum surpasses Ethereum in daily transactions amid the rise of L2 networks

2024-03-22
Editors Picks

Stablecoins and Regulatory Developments Post Terra

2022-10-16

SEC sets Solana ETF race in motion: four new files recognized – is approval on the horizon?

2025-02-12

$300M AUM meets Blockchain for next-generation private banking

2024-12-27

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

2025-05-17
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%