CryptoSolana Price Holding Steady: Are Bulls Finally Back?

Solana Price Holding Steady: Are Bulls Finally Back?

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What is going on today in the crypto world? What is Solana Price up to, and what are the important things to consider when thinking about trading or investing? One thing is certain – the market(financial, stocks, crypto, etc.) is not dead. Actually, the markets have been in existence for over 100 years. Though there have been rough periods for investors, money has always been tossed around. Still true today. Why is Solana still a strong contender in the crypto world?

Now that we have established the continued existence of this old truth, let us consider the

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Solana

Solana





0.77%








Solana

Solana
SOL


Price

$139.65

0.77% /24h





Volume in 24h


$6.05B
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Price 7d

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fundamentals. The past 24 hours are telling when it comes to App Revenue and DEX Volume. Nothing short of being a vibrant chain is what we can say about SOL as we look at these metrics. Well, why is the price then 50% down from September? If you have not read last week’s analysis, you can find it here. Now, let’s dig into the charts.

DISCOVER: Best Meme Coin ICOs to Invest in 2025

Solana Price Analysis: Key Support And Next Targets

(Source – Tradingview, SOLBTC)

Let us first look at how Solana is behaving against

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Bitcoin

Bitcoin





0.98%








Bitcoin

Bitcoin
BTC


Price

$88,791.03

0.98% /24h





Volume in 24h


$54.28B
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Price 7d

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. The weekly scale is what we care about at this point. We want high-timeframe flippening confirmations. In the sense that Solana is starting to outperform BTC. For now, the MSB is holding, and currently the Higher Low too. If the move up continues and it breaks for a new Higher High, then we have our super bullish alt season confirmation.

DISCOVER: Top Solana Meme Coins to Buy in 2025

(Source – Tradingview, SOLUSD)

On the Weekly timeframe, Solana is performing really pretty still. We see $126 stopping this drop for now. But to resume bullish, we would need the price to reclaim the moving averages. These remain resistant as long as they are above the current price point. Now, we have confluence between the MAs (50 and 100) and the $170 level. That is the first level we want the bulls to reclaim. And it is quite possible, as long as the SOLBTC relation keeps going well for Solana. If it does not, then a test of MA200 on this chart can be expected.

DISCOVER: Top 20 Crypto to Buy in 2025

SOL USD On The 1D and 4H Technical Insights

(Source – Tradingview, SOLUSD)

Now, looking at the 1D chart, we easily notice why $170 is a key level. If it gets broken, then we have an MSB. The only difficulty might be that it is significantly above current prices. With the RSI bottoming for most of November, though, there is a real possibility of some kind of range forming. These MAs sitting above are not the best sight to observe. True Bullishness can resume once they are reclaimed.

DISCOVER: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year

Solana Price has tested key support. What comes next? Will the bulls be able to defend it, and are we in for a rally soon?

(Source – Tradingview, SOLUSD)

Finishing today’s analysis on the 4H timeframe, we can add $144 as the next low timeframe resistance. These downsloping Moving Averages are ugly to watch. Bulls want to see them leveled and ultimately reclaimed. That will be the first sign of a bottom getting formed. Solana Price could range here for a while. But it would be a painful sight for investors to see it drop below $100 for sure. As for traders, they wait for key levels and enter positions when pre-set conditions are met. Thus, being able to make money no matter the market trend.

Whatever strategy you use, make sure you keep risk management tight until your conditions are met. We hope this article helped!

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now

Join The 99Bitcoins News Discord Here For The Latest Market Update

Solana Price Holding Steady: Are Bulls Finally Back?

  • SOL is putting a Higher Low against BTC, potentially establishing a new uptrend.
  • RSI on 1D and 1W are low, and bulls want to see them in the upper half.
  • Price printing a strong buy candle on the 1D. Watching how it closes.
  • Solana fundamentals and metrics remain strong.

The post Solana Price Holding Steady: Are Bulls Finally Back? appeared first on 99Bitcoins.





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