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

Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

2025-05-11

Ethereum breaks the most important price level – Has the ETH rally just started?

2025-05-11

Are Bitcoin and Ethereum at the point to suffer a liquidation nightmare? – Judgement …

2025-05-11
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

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11

    Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

    2025-05-11

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10
  • 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

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    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
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Solana (SOL) momentum is building: $250 could be just the beginning
Analysis

Solana (SOL) momentum is building: $250 could be just the beginning

2024-11-29No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Solana started a new increase from the $220 zone. SOL price is rising and aiming for a sustained upward move above the USD 250 resistance.

  • The SOL price started to rise again after settling above the $225 level against the US dollar.
  • The price is now trading above $240 and the 100-hour moving average.
  • There was a break above a key bearish trendline with resistance at $240 on the hourly chart of the SOL/USD pair (Kraken data source).
  • The pair could start a new rise if the bulls cross the $250 zone.

Solana Price Eyes Continued Rise

Solana price formed a support base and started a new increase above the $225 level, just like Bitcoin and Ethereum. There was a decent rise above the USD 230 and USD 232 resistance levels.

There was a move above the 50% Fib retracement level of the downward move from the $256 swing high to the $221 low. Additionally, there was a break above a key bearish trendline with resistance at $240 on the hourly chart of the SOL/USD pair.

Solana is now trading above $240 and the 100-hour moving average. On the upside, the price is facing resistance near the $244 level or the 61.8% Fib retracement level of the downward move from the $256 swing high to the $221 low.

Solana Price

The next major resistance is near the $248 level. The main resistance could be at USD 250. A successful close above the $250 resistance level could set the pace for another steady rise. The next major resistance is $265. Any further gains could send the price towards the USD 278 level.

See also  XRP price targets $3.34 after correcting downtrend within the descending channel

Are dips supported in SOL?

If SOL fails to rise above the USD 248 resistance, a downside correction could occur. The initial downside support is near the $240 level or the 100-hour moving average. The first major support is near the $232 level.

A break below the USD 232 level could send the price towards the USD 230 zone. If there is a close below the $230 support, the price could fall towards the $220 support in the near term.

Technical indicators

Hourly MACD – The MACD for SOL/USD is gaining speed in the bullish zone.

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

Major support levels – USD 240 and USD 232.

Major resistance levels – $248 and $250.

Source link

Beginning Building Momentum SOL Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

2025-05-11

Bullish Continuation for XRP price shows possible recovery up to $ 4

2025-05-11

Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

2025-05-10

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Art Blocks and Bright Moments Announce ‘923 Empty Rooms’ Collaboration

2023-08-04

Uniswap contributors suggest launching on Coinbase-backed Layer 2 Base

2023-05-18

Kraken NFT Marketplace launches, supports 250 NFT collections

2023-06-08
Editors Picks

Bitcoin: Whales Are Piling Up Despite Stagnant Prices – Is This The Reason?

2023-10-15

Global M2 makes a grip on Bitcoin – what is the next?

2025-03-14

‘Inevitable’ – Tether Co-Founder Says China Will Open Up to Crypto: Report

2024-06-03

Caldera and Superboard team up to power Caldera Wrapped campaign

2024-12-31
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

Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

Ethereum breaks the most important price level – Has the ETH rally just started?

Are Bitcoin and Ethereum at the point to suffer a liquidation nightmare? – Judgement …

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)$104,476.000.65%
  • ethereumEthereum(ETH)$2,508.753.91%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.38-1.35%
  • binancecoinBNB(BNB)$658.32-0.06%
  • solanaSolana(SOL)$174.561.76%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2344072.96%
  • cardanoCardano(ADA)$0.80-0.21%
  • tronTRON(TRX)$0.262808-0.34%
  • suiSui(SUI)$3.97-0.30%
  • chainlinkChainlink(LINK)$16.601.33%
  • avalanche-2Avalanche(AVAX)$24.770.42%
  • stellarStellar(XLM)$0.3057860.45%
  • shiba-inuShiba Inu(SHIB)$0.0000160.47%
  • hedera-hashgraphHedera(HBAR)$0.208542-0.72%
  • the-open-networkToncoin(TON)$3.410.35%
  • hyperliquidHyperliquid(HYPE)$24.76-3.53%
  • bitcoin-cashBitcoin Cash(BCH)$413.78-1.75%
  • polkadotPolkadot(DOT)$5.11-1.53%
  • litecoinLitecoin(LTC)$101.41-1.68%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-5.71%
  • piPi(PI)$0.9631.34%
  • moneroMonero(XMR)$330.623.76%
  • bitget-tokenBitget Token(BGB)$4.871.01%
  • pepePepe(PEPE)$0.000013-0.17%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$7.106.05%
  • bittensorBittensor(TAO)$455.640.80%
  • nearNEAR Protocol(NEAR)$3.196.55%
  • aptosAptos(APT)$6.003.20%
  • aaveAave(AAVE)$221.750.23%
  • okbOKB(OKB)$55.640.96%
  • ondo-financeOndo(ONDO)$1.04-0.60%
  • ethereum-classicEthereum Classic(ETC)$19.871.56%
  • internet-computerInternet Computer(ICP)$5.641.97%
  • kaspaKaspa(KAS)$0.1067170.65%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.81-3.20%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2604340.18%
  • gatechain-tokenGateToken(GT)$22.00-1.26%
  • render-tokenRender(RENDER)$5.200.44%
  • vechainVeChain(VET)$0.0310230.54%
  • crypto-com-chainCronos(CRO)$0.100114-2.45%
  • mantleMantle(MNT)$0.792.03%
  • ethenaEthena(ENA)$0.4070595.37%
  • arbitrumArbitrum(ARB)$0.46181216.07%
  • usd1World Liberty Financial USD(USD1)$1.00-0.14%
  • filecoinFilecoin(FIL)$3.162.87%
  • algorandAlgorand(ALGO)$0.2426151.40%
  • bitcoinBitcoin(BTC)$104,476.000.65%
  • ethereumEthereum(ETH)$2,508.753.91%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.38-1.35%
  • binancecoinBNB(BNB)$658.32-0.06%
  • solanaSolana(SOL)$174.561.76%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2344072.96%
  • cardanoCardano(ADA)$0.80-0.21%
  • tronTRON(TRX)$0.262808-0.34%
  • suiSui(SUI)$3.97-0.30%
  • chainlinkChainlink(LINK)$16.601.33%
  • avalanche-2Avalanche(AVAX)$24.770.42%
  • stellarStellar(XLM)$0.3057860.45%
  • shiba-inuShiba Inu(SHIB)$0.0000160.47%
  • hedera-hashgraphHedera(HBAR)$0.208542-0.72%
  • the-open-networkToncoin(TON)$3.410.35%
  • hyperliquidHyperliquid(HYPE)$24.76-3.53%
  • bitcoin-cashBitcoin Cash(BCH)$413.78-1.75%
  • polkadotPolkadot(DOT)$5.11-1.53%
  • litecoinLitecoin(LTC)$101.41-1.68%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-5.71%
  • piPi(PI)$0.9631.34%
  • moneroMonero(XMR)$330.623.76%
  • bitget-tokenBitget Token(BGB)$4.871.01%
  • pepePepe(PEPE)$0.000013-0.17%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$7.106.05%
  • bittensorBittensor(TAO)$455.640.80%
  • nearNEAR Protocol(NEAR)$3.196.55%
  • aptosAptos(APT)$6.003.20%
  • aaveAave(AAVE)$221.750.23%
  • okbOKB(OKB)$55.640.96%
  • ondo-financeOndo(ONDO)$1.04-0.60%
  • ethereum-classicEthereum Classic(ETC)$19.871.56%
  • internet-computerInternet Computer(ICP)$5.641.97%
  • kaspaKaspa(KAS)$0.1067170.65%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.81-3.20%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2604340.18%
  • gatechain-tokenGateToken(GT)$22.00-1.26%
  • render-tokenRender(RENDER)$5.200.44%
  • vechainVeChain(VET)$0.0310230.54%
  • crypto-com-chainCronos(CRO)$0.100114-2.45%
  • mantleMantle(MNT)$0.792.03%
  • ethenaEthena(ENA)$0.4070595.37%
  • arbitrumArbitrum(ARB)$0.46181216.07%
  • usd1World Liberty Financial USD(USD1)$1.00-0.14%
  • filecoinFilecoin(FIL)$3.162.87%
  • algorandAlgorand(ALGO)$0.2426151.40%