{"id":1115,"date":"2024-11-07T06:00:20","date_gmt":"2024-11-07T06:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/solana-sol-rallies-strongly-setting-sights-on-200\/"},"modified":"2024-11-07T06:00:20","modified_gmt":"2024-11-07T06:00:20","slug":"solana-sol-rallies-strongly-setting-sights-on-200","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/solana-sol-rallies-strongly-setting-sights-on-200\/","title":{"rendered":"Solana (SOL) Rallies Strongly, Setting Sights on $200"},"content":{"rendered":"<p><em>Solana started a fresh increase above the $172 support zone. SOL price is rising and might soon aim for a move toward the $200 level.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh increase after it settled above the $165 level against the US Dollar.<\/li>\n<li>The price is now trading above $172 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $192 resistance zone.<\/li>\n<\/ul>\n<h2>Solana Price Starts Fresh Rally<\/h2>\n<p>Solana price formed a support base and started a fresh increase above the $162 level like Bitcoin and Ethereum. There was a strong move above the $165 and $172 resistance levels.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL\/USD pair. The price even cleared the $185 level. A high is formed at $192 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $155 swing low to the $192 high.<\/p>\n<p>Solana is now trading above $172 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $192 level. The next major resistance is near the $195 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-651974 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Solana_e2cb2b.png?resize=1024%2C478\" alt=\"Solana Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The main resistance could be $200. A successful close above the $200 resistance level could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level.<\/p>\n<h2>Another Dip in SOL?<\/h2>\n<p>If SOL fails to rise above the $192 resistance, it could start a downside correction. Initial support on the downside is near the $188 level. The first major support is near the $180 level.<\/p>\n<p>A break below the $180 level might send the price toward the $172 zone or the 50% Fib retracement level of the upward move from the $155 swing low to the $192 high. If there is a close below the $172 support, the price could decline toward the $165 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $188 and $185.<\/p>\n<p>Major Resistance Levels \u2013 $192 and $200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh increase above the $172 support zone. SOL price is rising and might soon aim for a move toward the $200 level. SOL price started a fresh increase after it settled above the $165 level against the US Dollar. The price is now trading above $172 and the 100-hourly simple moving average.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[174,109,251,177,117,123],"class_list":["post-1115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1115"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1116"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}