CryptoMediaClub
Thursday, August 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Solana Price Prediction Following New Multi-Month High – What’s Next for SOL’s Price Action?

02.03.2024
A A
0
125
VIEWS
ShareShare
Solana
Solana Price Prediction

Solana (SOL) emerges as a key contender, recently achieving a notable multi-month high of around $137, amid Solana’s valuation prompts a closer examination and subsequent Solana price prediction.

With its price currently at $128 and experiencing a slight correction of nearly 4% in the last 24 hours, Solana’s market dynamics represent a mix of potential growth and short-term volatility.

Despite this, the trading volume of $3.84 billion underscores a robust interest in SOL, maintaining its position as the fifth-largest cryptocurrency by market capitalization, at roughly $57.10 billion.

Solana Price Prediction

Analyzing SOL/USD’s 4-hour chart provides a deeper understanding of Solana’s price dynamics. The pivot point, identified at $135.71, delineates a crucial threshold for SOL’s short-term price movements. Resistance levels are set at $142.03, $148.33, and $154.64, outlining potential ceilings for upward price action.

On the downside, immediate support is found at $127.13, with further cushions at $118.99 and $112.96, which could play pivotal roles in Solana’s price stabilization.

📊 #Solana's pivotal $127 mark stands as a key indicator for its future trajectory. With RSI at 60 and 50-EMA support at $117.15, SOL's path could tilt based on this crucial level. Keep a close watch on these indicators for strategic moves. #SOLUSD #CryptoAnalysis pic.twitter.com/rRtnWiMDWQ

— Arslan Ali (@forex_arslan) March 2, 2024

The Relative Strength Index (RSI), sitting at 60, suggests a relatively balanced momentum without veering into overbought or oversold territory.

Meanwhile, the 50-Day Exponential Moving Average (EMA) at $117.15 provides a bullish undertone, indicating sustained interest and potential support for Solana’s price.

Solana Price Chart
Solana Price Chart – Source: Tradingview

Solana’s current trading range between $135 and $127 suggests a consolidation phase. While the upward channel hints at a bullish bias, a decisive break below the $127 level could shift the momentum, driving SOL towards the $117 mark.

In conclusion, while Solana exhibits a bearish trend below the $135 pivot point, the critical threshold at $127 serves as a make-or-break level for future price directions.

A drop below this level could amplify selling pressures, making it essential for traders and investors to closely monitor these key price levels and indicators.

Summing Up

In conclusion, Solana’s trading pattern indicates a crucial juncture at the $127 level, acting as a decisive point for its future direction. Below this pivot, SOL may face increased selling pressure, highlighting the importance for stakeholders to keep a vigilant eye on these pivotal markers for informed decision-making.

Unveiling $SMOG: Stake Now for Exclusive Rewards and Airdrop Access

$SMOG is at the forefront of token innovation, initiating a groundbreaking airdrop on the Solana network. The token distribution plan includes 50% for strategic marketing efforts, 35% dedicated to airdrop incentives, 10% earmarked for centralized exchange (CEX) debuts, and 5% allocated for decentralized exchange (DEX) liquidity enhancements.

Our roadmap unfolds an enthralling narrative, from the initial stages of website creation and token deployment to ambitious milestones like dominating the social sphere and claiming the title of SOL Monarch.

Each step is thoughtfully designed to boost community involvement and broaden $SMOG’s presence in the crypto universe.

Embark on the journey from our inaugural token release to ascending as the SOL Monarch, with a strong emphasis on community building and territorial expansion.

Engagement Instructions:

  • Acquire $SMOG through Birdeye using your Solana wallet.
  • Ethereum enthusiasts can secure their purchase via over-the-counter (OTC) transactions, with future staking capabilities on the horizon.
  • Register for the airdrop via Zealy and undertake activities to accumulate points.

Dive into the $SMOG saga for unparalleled rewards and a fresh take on cryptocurrency innovation.

Explore SMOG Today

The post Solana Price Prediction Following New Multi-Month High – What’s Next for SOL’s Price Action? appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

Investigation Reveals South Korean Lawmakers Are HODLing PEPE, XRP, BTC
All news

Investigation Reveals South Korean Lawmakers Are HODLing PEPE, XRP, BTC

28.08.2025
0

South Korean lawmakers are HODLing Bitcoin (BTC), high-cap altcoins like XRP, and meme coins like PEPE, a new report has...

Read moreDetails
Jerome Powell’s Fed Chair Replacement Imminent? PolyMarket Odds Skyrocket as Trump Team Weighs 11 Candidates

Jerome Powell’s Fed Chair Replacement Imminent? PolyMarket Odds Skyrocket as Trump Team Weighs 11 Candidates

28.08.2025
Ex-PBOC Chief Warns of Stablecoin Crisis – Run Risk Echoes TerraUSD’s 2022 Meltdown

Ex-PBOC Chief Warns of Stablecoin Crisis – Run Risk Echoes TerraUSD’s 2022 Meltdown

27.08.2025
Finastra and Circle Bring USDC Settlement to $5T Daily Cross-Border Payment Flows

Finastra and Circle Bring USDC Settlement to $5T Daily Cross-Border Payment Flows

27.08.2025
Every Fourth Briton Considers Crypto as Part of Their Retirement Savings

Every Fourth Briton Considers Crypto as Part of Their Retirement Savings

27.08.2025
Load More
Next Post
DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report

DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

ConsenSys Launches Linea Network To Boost Ethereum Scalability

ConsenSys Launches Linea Network To Boost Ethereum Scalability

2 years ago
Vodafone Will Embed Crypto Wallets Into SIM Cards

Vodafone Will Embed Crypto Wallets Into SIM Cards

1 year ago
Best Crypto to Buy Now July 3 – Cardano, Pyth, Tron

Best Crypto to Buy Now July 3 – Cardano, Pyth, Tron

1 year ago
Elon Musk Registers AI-driven Startup Rivaling OpenAI Dubbed ‘X.AI Corp’

Elon Musk Registers AI-driven Startup Rivaling OpenAI Dubbed ‘X.AI Corp’

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Ex-PBOC Chief Warns of Stablecoin Crisis – Run Risk Echoes TerraUSD’s 2022 Meltdown

Finastra and Circle Bring USDC Settlement to $5T Daily Cross-Border Payment Flows

Every Fourth Briton Considers Crypto as Part of Their Retirement Savings

Metaplanet Eyes $837M Raise to Buy More Bitcoin After Hitting 18,991 BTC Stash

Crypto Transaction Volume in Iran Fell by 11% in 2025

Bitcoin Miner Hut 8 to Build Four New Sites, Adding 1.5 GW Capacity

Trending

Investigation Reveals South Korean Lawmakers Are HODLing PEPE, XRP, BTC
All news

Investigation Reveals South Korean Lawmakers Are HODLing PEPE, XRP, BTC

28.08.2025
0

South Korean lawmakers are HODLing Bitcoin (BTC), high-cap altcoins like XRP, and meme coins like PEPE, a...

Bitcoin faces critical resistance at $113,700, breakdown below $107k threatens return to 5 figures

Bitcoin faces critical resistance at $113,700, breakdown below $107k threatens return to 5 figures

28.08.2025
Jerome Powell’s Fed Chair Replacement Imminent? PolyMarket Odds Skyrocket as Trump Team Weighs 11 Candidates

Jerome Powell’s Fed Chair Replacement Imminent? PolyMarket Odds Skyrocket as Trump Team Weighs 11 Candidates

28.08.2025
Ex-PBOC Chief Warns of Stablecoin Crisis – Run Risk Echoes TerraUSD’s 2022 Meltdown

Ex-PBOC Chief Warns of Stablecoin Crisis – Run Risk Echoes TerraUSD’s 2022 Meltdown

27.08.2025
Finastra and Circle Bring USDC Settlement to $5T Daily Cross-Border Payment Flows

Finastra and Circle Bring USDC Settlement to $5T Daily Cross-Border Payment Flows

27.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz