bullish

Solana

JasmyCoin

Gains

<p><a href="https://captainaltcoin.com/positive-sign-for-solana-holders-is-on-the-chart-as-youtuber-updates-his-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana’s (SOL)</a> market performance has not been encouraging over the past 24 hours as it experienced a sideways price action during the market recovery. At press time, it is trading at $137. Its trading volume also saw a 4% decrease, indicating lower market movement.</p>
<p>YouTuber “@MoreCryptoOnline,” with 226k subscribers, just shared a high-quality video on Solana’s price analysis, and we would like to cover it.</p>
<p>The analyst mentioned that<a href="https://captainaltcoin.com/whales-massively-buying-solana-this-trader-predicts-where-is-the-sol-price-headed-next/" target="_blank" rel="noopener noreferrer nofollow"> SOL</a> is undergoing a corrective phase, and despite some upward movement, the bulls have shown limited enthusiasm, and uncertainty surrounds Solana’s next move.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/jasmycoin-price-surge-imminent-jasmy-analysis-points-to-major-gains/" target="_blank" rel="noopener noreferrer nofollow">JasmyCoin Price Surge Imminent? JASMY Analysis Points to Major Gains</a></em></strong></p>
<h2 class="wp-block-heading" id="solana-s-technical-analysis-key-levels-to-watch">Solana’s Technical Analysis: Key Levels to Watch</h2>
<p>More Crypto Online emphasized that there’s no definitive confirmation of a low for Solana’s Wave 2 corrective phase. Although possible, this requires a clearer five-wave upward structure followed by a three-wave pullback to confirm the low.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdPgEs1sIkHSLWfu1w1IvWiZ1TizXA7bst04taXOqo8oKERWmioOMHsRbGmJScmCRqEHMtyS2bCcHbG0eFmxXarWB8vEgrmTKwieskUrud3r9t1L71Jrj_WKKIH9juzbYlIyKpKLSd_Vs5hxSgj8xqRH5k?key=bJbBY9dyANZJkFWgxB--lQ" alt="">
</figure>
<p class="has-text-align-center"><em>Image Source: MoreCryptoOnline</em></p>
<p>However, without this structure, SOL remains vulnerable to further corrections. The YouTuber also notes the need for stronger bullish momentum to trigger a pump and solidify the next upward wave.</p>
<p>For now, <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL’s price </a>remains in a range where it must break through resistance levels to signal the completion of its corrective phase.</p>
<p>The chart identifies crucial levels that could determine <a href="https://solana.com/" target="_blank" rel="noopener noreferrer nofollow">Solana’s</a> next price movement. Support levels between $124.40 and $131.59 have been identified as possible areas where the price could find a temporary bottom if broader market conditions worsen.&nbsp;</p>
<p>Moreover, should Solana fall below $124.40 and the September 6th low of $120, it could indicate a more bearish scenario, confirming a completed wave 2.</p>
<p>On the upside, the analyst highlights resistance levels at $140.33, $145.50, and $153.18. A break above these levels would indicate renewed bullish momentum, potentially leading to the next significant price target.</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">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </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><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</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="what-is-next-for-the-solana-price">What is next for the Solana price?</h2>
<p>According to the analysis, there is a possibility that Solana’s Wave B has already bottomed. The price recently reacted to the 50% Fibonacci retracement level, which suggests potential upward movement for $194.87.</p>
<p>However, the corrective nature of the current price action leaves room for unpredictability, and further confirmation is needed.</p>
<p>Finally, investors are urged to keep an eye on Bitcoin, as its price movements could heavily influence Solana’s trajectory in the coming weeks. Keeping track of broader market dynamics could provide insight into the potential breakout or further downside for Solana.</p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Solana Price News Today - SOL Elliott Wave Price Technical Analysis, Price Update!" width="840" height="473" src="https://www.youtube.com/embed/k2Ip7kY2uPA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" 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-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/solana-price-update-key-levels-to-watch-for-the-next-move/" rel="noopener noreferrer nofollow">Solana Price Update: Key Levels to Watch for the Next Move</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Price Update: Key Levels to Watch for the Next Move

Table of Contents

CaptainAltcoin

Other articles published on Sep 13, 2024

Bolt launches optional rider verification in Nigeria, 10 months after initial announcement

23K Bitcoin Options and 127K Ethereum Options Expire Today

Coinpedia Fintech News

BlackRock Edged Out As Spot Bitcoin ETF Returns To Inflows

Sonic Blockchain Targets $11T Unsecured Lending Market With Credit Scores for Digital Wallets

Searching for a Telegram Trading Bot? Maestro Might Be the Perfect Solution

Join our free newsletter for daily crypto updates!