Solana

Show

Resistance

Daily

<p>Solana’s price trajectory has been a captivating topic in the cryptocurrency market, with traders and analysts closely monitoring its movements. Crypto Tony, a top analyst in the crypto sphere, <a href="https://x.com/CryptoTony__/status/1782341825925095915" target="_blank" rel="noopener noreferrer nofollow">shared insights</a> into the price action of Solana (SOL) against the US dollar. His analysis has sparked discussions about the potential for a bottom formation and a subsequent price rebound.</p>
<h2 class="wp-block-heading" id="strong-crypto-tony-s-solana-analysis-strong"><strong>Crypto Tony’s Solana Analysis</strong></h2>
<p>According to Crypto Tony’s chart analysis, SOL bears have tested the $137.00 level, suggesting a potential support zone. However, he emphasizes the need for upward price impulses to confirm a bottom formation. Consequently, the crypto community eagerly awaits further developments to validate this hypothesis.&nbsp;</p>
<figure class="wp-block-image is-resized"><img loading="lazy" decoding="async" width="680" height="342" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022.png" alt="" class="wp-image-479166" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022.png 680w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-300x151.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-1024x515.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-767x386.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-1536x773.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-2048x1030.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-298x150.png 298w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-696x350.png 696w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1022-788x396.png 788w" sizes="(max-width: 680px) 100vw, 680px">
</figure>
<p>Crypto Tony’s analysis highlights several key trends and patterns. From the beginning of 2023 to early 2024, an overall uptrend characterized by a series of green candlesticks reflected a sustained period of price increase. However, in the first quarter of 2024, a significant price spike occurred, followed by a sharp correction. A series of lengthy red candlesticks demonstrated this, indicating that traders potentially initiated a sell-off or market correction after the steep rise.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-potential-support-and-resistance-levels-strong"><strong>Potential Support and Resistance Levels</strong></h2>
<p>A horizontal line drawn at approximately $162.50 on Crypto Tony’s chart might represent a crucial support or resistance level. This level signifies a price point at which the asset has repeatedly either bounced back up after approaching from above (support) or been pushed back down after approaching from below (resistance). Moreover, the phrase “BOUNCING TIME?” at the end of the chart suggests Crypto Tony’s speculation that the price may be due for a recovery after the recent decline.&nbsp;</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-trader-xo-s-solana-trade-execution-strong"><strong>Trader XO’s Solana Trade Execution</strong></h2>
<p>Meanwhile, another trader, XO, <a href="https://x.com/Trader_XO/status/1782330427442663543" target="_blank" rel="noopener noreferrer nofollow">shared</a> insights into their successful Solana trade execution. XO initiated a long position from $131 and closed two-thirds of the position at $154, capitalizing on the upward movement. This trade was part of a broader strategy involving the 12/21 Daily EMA mean reversion play, which XO had previously discussed on the 14th. The trader’s execution and management of the trade were documented through a series of tweets, providing valuable insights into their thought process and decision-making.&nbsp;</p>
<p>According to the latest price data from CoinMarketCap, Solana’s price currently stands at <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">$154.08,</a> reflecting a 1.84% increase in the last 24 hours. Solana’s price trajectory, as highlighted by Crypto Tony and Trader XO, has captured the attention of the crypto community, sparking discussions about potential support levels, resistance zones, and the possibility of a price rebound.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/solanas-price-forecast-expert-analysis-predicts-sols-rebound-potential-heres-his-outlook/" rel="noopener noreferrer nofollow">Solana’s Price Forecast: Expert Analysis Predicts SOL’s Rebound Potential – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana’s Price Forecast: Expert Analysis Predicts SOL’s Rebound Potential – Here’s His Outlook

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 22 апр. 2024 г.

The Perfect Hand: How Online Casinos Blend Crypto and Casino Games

Elevating Possibilities: The Countdown for WBS Dubai Begins!

Key Developments at Mt. Gox for Creditors’ Compensation

ZKasino Fiasco: Crypto Betting Site Disappears With Investor Funds

Solana (SOL), Dogwifhat (WIF) and Rollblock (RBLK) To Lead 2024 Bull Run

Crypto And NFT Games: Notcoin Token Delay, Ragnarok on Ethereum, More Saga Airdrops

Join our free newsletter for daily crypto updates!