Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»SOL price resumes rebound. Here’s why Solana rose 20%:
BITCOIN NEWS

SOL price resumes rebound. Here’s why Solana rose 20%:

By Crypto FlexsDecember 14, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SOL price resumes rebound.  Here’s why Solana rose 20%:
Share
Facebook Twitter LinkedIn Pinterest Email

Solana started a new hike by holding above the $65 support level. SOL price is likely to take more profits above the $75 and $80 resistance levels.

  • SOL price started a new rally above the $68 resistance line before breaking down against the US dollar.
  • The price is currently trading above $68 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the SOL/USD pair, there is a major bullish trend line forming with support near $65.50 (data source from Kraken).
  • The pair is up almost 10% and may rise further above the $75 resistance zone.

Solana price rise signal

Over the past few days, Solana, like Bitcoin and Ethereum, has seen a downward correction in the $77.75 area. SOL fell below the $75 and $70 support levels.

However, the bulls remained active above the $65 support level. A low was made around $63.78 and the price is currently attempting a new rise. There was a move above the $68 and $70 resistance levels. The price rose nearly 10%, with a move above the 50% Fib retracement level moving down from the $77.72 swing high to the $63.78 low.

SOL is currently trading above $68 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $65.50 on the 4-hours chart of the SOL/USD pair.

On the other hand, immediate resistance is near the $72.40 level. This is near the 61.8% Fib retracement level of the downward move from the $77.72 swing high to the $63.78 low. The first major resistance is near the $75.00 level.

Source: SOLUSD on TradingView.com

Key resistance is currently near $77.75. A successful close above the $77.75 resistance could set the pace for another major rally. The next major resistance is near $80.00. If more profits are made, the price may rise to the $85.00 level.

Another drop in SOL?

If SOL fails to rebound above the $75.00 resistance, a new downtrend could begin. Initial support for the downside is near the $68.50 level.

The first major support is near the $65.50 level or trend line, below which the price may test $63.50. If the price closes below the $63.50 support, the price may fall towards the $56.00 support in the near term.

technical indicators

4-Hour MACD – The MACD for SOL/USD is pacing in bullish territory.

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

Key support levels – $68.50 and $65.50.

Key resistance levels – $72.40, $75.00, $77.75.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

What is ChatGPT 5? | Blockchain News

January 1, 2024

SUI Surges 49%. Can It Overtake Litecoin in the Top 20?

September 23, 2024

Hong Kong Monetary Authority launches stablecoin issuer sandbox

March 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.