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

Texas a step away from creating official Bitcoin Reserve

2025-05-08

SEC takes into account crypto exemption to streamline tokenized securities trade

2025-05-08

Solana’s software supports these Layer-1’s

2025-05-08
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

    Solana’s software supports these Layer-1’s

    2025-05-08

    Element goes live on abstract blockchain to power the next generation of modular daps

    2025-05-08

    Camino works together with Lufthansa Systems and Swiss to stimulate innovation in the travel industry

    2025-05-08

    How Plume is planning to scale tokenized real estate to $ 4 trillion by 2035

    2025-05-08

    Hadron integrates chain analysis by Tether, represents a new standard informing tokenization

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • 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

    Crypto Exchange Coinbase adds Gold-Pegged Stablecoin Paxg to the list of route map

    2025-05-08

    XRP is forming bullish reverse dragon head pattern, how high can the price go?

    2025-05-08

    Bitcoin is recovering, but the market is still sharp with short -term holders near Breakeven

    2025-05-08

    Analysts say that $ 2,500,000,000,000,000 ‘avalanche’ of selling could reach the US dollar, warning trade wars threaten Greenback’s profession: report: report

    2025-05-08

    Dogecoin (doge) blinks bullish signals – is a large meeting on the horizon?

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Solana: Bulls are preparing to move to $20
Altcoins

Solana: Bulls are preparing to move to $20

2023-06-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

To denymore: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the writer.

  • Solana showed different biases on the 1-day and 4-hour price charts, but bulls had the advantage on the lower time frames.
  • This could see SOL rise to $19-$20, but the evidence hasn’t yet supported further gains.

Solana [SOL] was in a short-term uptrend after the bulls forced a breakout past the $16 resistance. Still, the higher timeframes were not strongly bullish. This suggested that SOL bulls could hang near the $20 resistance.


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


Particularly those of Tether [USDT] Dominance has fallen off a cliff for the past ten days. This went hand in hand with a rally in the crypto market. Bitcoin [BTC]in particular, experienced the lion’s share of the gains, as evidenced by the rising Bitcoin Dominance trend.

The H4 candle wick to $16.1 showed that buyers still had the upper hand

Solana retests $16.1 as bulls prepare for another bullish move

Source: SOL/USDT on TradingView

On the 4-hour chart, Solana has recorded a series of higher lows since June 15. It also broke past a recent lower high on June 21 to break the bearish market structure. The subsequent higher high and higher low initiated an upward trend on the H4 chart.

Still, the daily chart remained firmly bearish. The $18.66 and $22.3 are important levels for the bulls to breach the 1-day chart. Meanwhile, the H4 chart showed strong resistance in the $18.66-$19.3 zone. A bearish order block was seen in this area, highlighted in red.

See also  BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says

Therefore, a move towards this resistance was likely, based on both structure and momentum over the past week. The OBV has also passed a local resistance. Buying pressure could drive up prices.

Whether Solana bulls see a reversal near the $20 sector remains to be seen.

Sentiment is shifting to bullish as SOL bulls try to sustain the rally

Solana retests $16.1 as bulls prepare for another bullish move

Source: Coin analysis

On June 22, when Solana’s price fell from $17.4 to $16.8, Open Interest dropped nearly $19 million. This showed discouraged bulls and bearish sentiment.


Is your wallet green? Check out the Solana Profit Calculator


OI and prices have since shown a recovery and short-term sentiment once again appeared bullish. Still, the upward movement may not happen over the weekend, but it could take until Monday’s trading session to resume.

The funding rate had been negative during the dip, but climbed back into positive territory.

Source link

Bulls Move Preparing Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP -price repeating history? 2017-like rally to send the price to $ 10

2025-05-08

Game Changer: Asian stock agents are starting to accept USDT and USDC for trade

2025-05-08

Bitcoin Solaris introduces mobile mining solution

2025-05-08

Cardano under control: was Ada $ 619m abused? – Hoskinson responds …

2025-05-08
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Legendary Trader Peter Brandt Warns Bitcoin at Risk of Doing Damage Amid ‘Highly Suspect’ Price Action

2023-08-20

Blockdaemon integrates LayerZero to bring cross-chain capabilities to a self-custodial wallet

2023-12-23

Trader Says There Will Be a ‘Great Altcoin Run’ in the Coming Weeks and Months – Here’s Why

2024-12-28
Editors Picks

‘RNMD’ the Meme Coin Degen’s new best friend

2024-08-07

According to analytics firm Santiment, Bitcoin, XRP and two other trends are currently driving the crypto markets

2023-10-22

Ethereum plans to thwart DeFi hacks with this proposal, here’s how

2023-07-05

3AC co-founder Zhu Su arrested at airport, given four-month prison sentence for contempt of court: report

2023-09-29
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

Texas a step away from creating official Bitcoin Reserve

SEC takes into account crypto exemption to streamline tokenized securities trade

Solana’s software supports these Layer-1’s

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)$101,404.925.33%
  • ethereumEthereum(ETH)$2,122.9118.19%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.267.17%
  • binancecoinBNB(BNB)$620.213.60%
  • solanaSolana(SOL)$160.389.88%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.19068712.31%
  • cardanoCardano(ADA)$0.7412.47%
  • tronTRON(TRX)$0.2546972.76%
  • suiSui(SUI)$3.9019.70%
  • chainlinkChainlink(LINK)$15.5214.08%
  • avalanche-2Avalanche(AVAX)$21.4511.03%
  • stellarStellar(XLM)$0.2836799.80%
  • shiba-inuShiba Inu(SHIB)$0.00001411.75%
  • bitcoin-cashBitcoin Cash(BCH)$417.8116.89%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.22%
  • piPi(PI)$0.649.92%
  • hedera-hashgraphHedera(HBAR)$0.1911539.81%
  • the-open-networkToncoin(TON)$3.206.85%
  • hyperliquidHyperliquid(HYPE)$22.9310.27%
  • litecoinLitecoin(LTC)$92.805.18%
  • polkadotPolkadot(DOT)$4.3310.98%
  • moneroMonero(XMR)$296.395.90%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.445.84%
  • ethena-usdeEthena USDe(USDE)$1.00-0.07%
  • pepePepe(PEPE)$0.00001129.92%
  • bittensorBittensor(TAO)$413.0215.37%
  • uniswapUniswap(UNI)$5.6117.22%
  • aptosAptos(APT)$5.3212.32%
  • nearNEAR Protocol(NEAR)$2.6216.93%
  • okbOKB(OKB)$52.644.12%
  • ondo-financeOndo(ONDO)$0.9511.38%
  • aaveAave(AAVE)$197.6716.95%
  • ethereum-classicEthereum Classic(ETC)$18.0113.03%
  • internet-computerInternet Computer(ICP)$5.0812.42%
  • gatechain-tokenGateToken(GT)$21.793.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25015515.68%
  • crypto-com-chainCronos(CRO)$0.0973066.96%
  • kaspaKaspa(KAS)$0.0978527.66%
  • mantleMantle(MNT)$0.755.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4215.18%
  • render-tokenRender(RENDER)$4.6412.82%
  • vechainVeChain(VET)$0.02748312.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.8612.31%
  • algorandAlgorand(ALGO)$0.21898912.14%
  • ethenaEthena(ENA)$0.32147621.48%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7615.24%
  • bitcoinBitcoin(BTC)$101,404.925.33%
  • ethereumEthereum(ETH)$2,122.9118.19%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.267.17%
  • binancecoinBNB(BNB)$620.213.60%
  • solanaSolana(SOL)$160.389.88%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.19068712.31%
  • cardanoCardano(ADA)$0.7412.47%
  • tronTRON(TRX)$0.2546972.76%
  • suiSui(SUI)$3.9019.70%
  • chainlinkChainlink(LINK)$15.5214.08%
  • avalanche-2Avalanche(AVAX)$21.4511.03%
  • stellarStellar(XLM)$0.2836799.80%
  • shiba-inuShiba Inu(SHIB)$0.00001411.75%
  • bitcoin-cashBitcoin Cash(BCH)$417.8116.89%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.22%
  • piPi(PI)$0.649.92%
  • hedera-hashgraphHedera(HBAR)$0.1911539.81%
  • the-open-networkToncoin(TON)$3.206.85%
  • hyperliquidHyperliquid(HYPE)$22.9310.27%
  • litecoinLitecoin(LTC)$92.805.18%
  • polkadotPolkadot(DOT)$4.3310.98%
  • moneroMonero(XMR)$296.395.90%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.445.84%
  • ethena-usdeEthena USDe(USDE)$1.00-0.07%
  • pepePepe(PEPE)$0.00001129.92%
  • bittensorBittensor(TAO)$413.0215.37%
  • uniswapUniswap(UNI)$5.6117.22%
  • aptosAptos(APT)$5.3212.32%
  • nearNEAR Protocol(NEAR)$2.6216.93%
  • okbOKB(OKB)$52.644.12%
  • ondo-financeOndo(ONDO)$0.9511.38%
  • aaveAave(AAVE)$197.6716.95%
  • ethereum-classicEthereum Classic(ETC)$18.0113.03%
  • internet-computerInternet Computer(ICP)$5.0812.42%
  • gatechain-tokenGateToken(GT)$21.793.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25015515.68%
  • crypto-com-chainCronos(CRO)$0.0973066.96%
  • kaspaKaspa(KAS)$0.0978527.66%
  • mantleMantle(MNT)$0.755.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4215.18%
  • render-tokenRender(RENDER)$4.6412.82%
  • vechainVeChain(VET)$0.02748312.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.8612.31%
  • algorandAlgorand(ALGO)$0.21898912.14%
  • ethenaEthena(ENA)$0.32147621.48%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7615.24%