SOL price jumps over 50% in days, more growth expected


Solana has experienced a significant increase, breaking past the $60 resistance level against the US Dollar. The price of SOL has grown over 50% recently and appears poised to continue its ascent, potentially reaching the $75 mark.

The rally began when SOL overcame the $55 resistance. It is now trading above $60 and has crossed the 100 simple moving average over a 4-hour period. The 4-hour chart of the SOL/USD pair, with data sourced from Kraken, shows a strong bullish trend line forming with support near $55.00. The upward momentum is likely to persist, especially if SOL can surpass the $68.00 resistance zone.

Solana’s Value Rises Quickly

Recently, Solana’s value jumped a lot, going above $50. SOL got really strong after it passed the $50 mark, doing better than Bitcoin and Ethereum.

Its price rose more than 50% in just a few days, and it seems like it will keep going up. The price went over $65, and the highest it reached was near $67.21. Now, Solana’s price is staying steady, showing good signs. It’s doing well, especially compared to its recent low of $51.23 and high of $67.21.

SOL is currently being traded for more than $60 and is doing better than the average price over the last 100 hours. Also, there’s a really positive trend in its value, with strong support around $55, as seen in the SOL/USD chart for every 4-hour period.

Solana is trading aroun 60$

Right now, SOL faces its first small challenge at about $67.20. The next big hurdle is close to $68.00. If SOL can stay above the $65.00 mark, it might start to increase a lot more. After that, the important level to watch is around $70.00. If it keeps going up, SOL’s price could even reach the $75.00 mark.

Does SOL Have Support During Price Drops?

If SOL can’t get past the $68.00 resistance, it might see a drop in its price. The first place it can expect some support is around $62.50.

The main support level is near $57.75, which is also the 61.8% mark of the rise from its low at $51.23 to its high at $67.21. If it goes below this, it might reach the trend line. Should the price fall below the $55.00 support, then it could further drop towards the $50.00 mark soon.

Technical Details for SOL

  • The MACD (Moving Average Convergence Divergence) for SOL in relation to USD is slowing down, even though it’s still in a positive area.
  • The RSI (Relative Strength Index) for SOL compared to USD is over 50, which is a good sign.
  • Key levels where SOL might find support are at $62.50 and $57.75.
  • The main levels where SOL could face resistance are at $68.00, $70.00, and $75.00.

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Disclaimer: All content found on is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.

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