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Solana Pullback To $137: Will Bulls Break Through Or Bears Dominate? Newsbtc 03 سپتامبر 2024

Solana Pullback To $137: Will Bulls Break Through Or Bears Dominate? 📉

Solana (SOL) has recently pulled back to the $137 level, a significant point that could dictate its next market move. Market participants are keenly observing to see if bears will push prices lower or if bulls will capitalize on this pullback to ignite a breakout.

By examining key technical indicators like the Relative Strength Index (RSI) and market sentiment, traders are aiming to understand SOL's potential moves. The RSI's upward shift indicates strengthening buying pressure, which could support further positive movement if it continues.

Currently trading at approximately $135, Solana has shown a 4.66% increase, with a market capitalization exceeding $63 billion. Over the past 24 hours, its trading volume has dipped by 6.89%, while the market cap has grown by 4.70%.

On the 4-hour chart, Solana has gained bullish momentum, forming positive candlesticks just below the 100-day Simple Moving Average (SMA). However, bulls need to maintain momentum to overcome this resistance. On the daily chart, there's also a bullish attempt toward the $137 level, despite its position below the 100-day SMA.

Monitoring key support and resistance levels will be crucial as Solana navigates its current price action. Immediate resistance is at $137, while the crucial support level to watch is around $118.

منبع: www.newsbtc.com ↗

مقالات مشابه (159)

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Solana Faces Challenges Surpassing Key Resistance Levels
Solana (SOL) Gains Momentum with Bitcoin’s Surge Cointurk 2 هفته پیش
Solana (SOL) Gains Momentum with Bitcoin’s Surge
Solana Price Surges Past $180: Indicators Suggest Potential for Higher Gains Amid Bitcoin Rally Coinotag 2 هفته پیش
Solana Price Surges Past $180: Indicators Suggest Potential for Higher Gains Amid Bitcoin Rally
Solana Price Reclaims $180 Amid Overbought Signals; Potential Pullback May Precede Next Upsurge Coinotag 2 هفته پیش
Solana Price Reclaims $180 Amid Overbought Signals; Potential Pullback May Precede Next Upsurge
Potential Bullish Momentum for Solana as Key Resistance at $205 Is Tested Amid Strong Social Engagement Coinotag 1 هفته پیش
Potential Bullish Momentum for Solana as Key Resistance at $205 Is Tested Amid Strong Social Engagement
Could Solana (SOL) Break Above $150 and Ignite an Uptober Rally? Coinotag 16 اکتبر 2024
Could Solana (SOL) Break Above $150 and Ignite an Uptober Rally?
Solana (SOL) May See Price Rally as Negative Sharpe Ratio Suggests Potential Upswing Ahead Coinotag 06 اکتبر 2024
Solana (SOL) May See Price Rally as Negative Sharpe Ratio Suggests Potential Upswing Ahead
Solana’s Price Struggles: Could a Bullish Breakout Above $170 Hasten Towards $180? Coinotag 3 هفته پیش
Solana’s Price Struggles: Could a Bullish Breakout Above $170 Hasten Towards $180?
Could Solana (SOL) Be Poised for a Rebound Towards $190? Analyzing Onchain Metrics and Market Trends Coinotag 09 اکتبر 2024
Could Solana (SOL) Be Poised for a Rebound Towards $190? Analyzing Onchain Metrics and Market Trends
Exploring Possibilities: Could Solana (SOL) Break Above $150 Amidst Current Market Consolidation? Coinotag 11 اکتبر 2024
Exploring Possibilities: Could Solana (SOL) Break Above $150 Amidst Current Market Consolidation?