Fun

If Solana Reclaims $210 ‘New Highs Are Next’ – Price Analysis

News Feed - 2025-01-03 02:01:28

Este artículo también está disponible en español.


The crypto market showed signs of life yesterday after enduring weeks of persistent selling pressure, with many assets starting to recover. Solana, one of the top-performing cryptocurrencies, joined the rally, surging over 10% in just 24 hours. This upward momentum is sparking renewed optimism among investors, with hopes that the market may be shifting toward a more bullish trend. Related Reading Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead? 2 days ago


Top analyst Jelle has weighed in on Solana’s recent price action, sharing a detailed technical analysis on X. According to Jelle, Solana’s next key hurdle is the $210 level. If SOL manages to reclaim this zone as support, the path to new all-time highs could quickly follow. This level represents a significant resistance point, making it a pivotal area to watch in the coming days.


The market’s recent turnaround has broughtfresh attention to Solana, as its technical setup positions it as a leader in this recovery phase. Investors closely monitor price action, eager to see if it can maintain the current momentum. As the broader market awakens, Solana’s next move could set the tone for its performance in the weeks ahead. Solana Showing Strength


Solana has demonstrated notable resilience amid recent market turbulence, holding firm above the critical $180 level. This price point, which once posed significant resistance, has now flipped into robust support, underscoring Solana’s relative strength. As the broader crypto market begins to show signs of renewed optimism, Solana appears well-positioned for a significant upward move.


Top analyst Jelle recently provided an encouraging technical analysis on X, highlighting Solana’s bounce from key levels. According to Jelle, SOL successfully retested both its trendline and horizontal support before rebounding sharply. Solana retested the trendline & horizontal support at $180 | Source: Jelle on X


This technical setup suggests that the asset is gearing up for a larger breakout. The next critical target lies at $210—a key resistance zone. Should Solana reclaim this level and consolidate above it, the door to new all-time highs would likely open.


This bullish outlook is echoed by several analysts and investors who are closely watching Solana’s price action. Many believe that once SOL clears $210, its path to surpassing its previous highs will be swift and decisive. Related Reading Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target 3 days ago


Solana’s strong fundamentals, combined with its recent price performance, have made it a standout in the current market recovery. If momentum continues to build, Solana could become a leader in the next bullish phase, breaking its all-time high in record time. Technical Analysis: Key Levels  


Solana (SOL) is trading at $207, showcasing remarkable strength following a clean bounce from the 200-day EMA at $175 on December 23. This bounce was pivotal, as holding the 200-day EMA confirmed a bullish price structure, ensuring that buyers regained control after weeks of market uncertainty. The successful defense of this critical level has positioned Solana as one of the most promising assets for an imminent breakout. SOL bounces from 200-day EMA | Source: SOLUSDT chart on TradingView


Now trading above $200, Solana is on the cusp of testing its all-time high (ATH). If bulls can maintain momentum and reclaim the $230 mark, the subsequent move is expected to be aggressive. Analysts and traders are closely monitoring this level as it could act as the final resistance before SOL ventures into uncharted price territory.


The bullish momentum is further bolstered by Solana’s strong fundamentals and its ability to hold key support zones amid broader market volatility. A breakout above $230 would likely attract fresh capital, fueling a rally that could redefine its long-term trajectory. Related Reading Cardano Holds Crucial Support At $0.77 – Massive Rally Ahead? 3 days ago


While challenges remain, particularly with market-wide sentiment still finding its footing, Solana’s recent price action strongly indicates that a massive move is on the horizon, potentially taking it beyond its previous ATH in record time.


Featured image from Dall-E, chart from TradingView

News Feed

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech
Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech This week, the consumer electronics and gaming software retailer, Gamestop, has officially reveale
Bitcoin miner Riot Platforms miss estimates with wider Q2 loss
Brayden Lindrea8 hours agoBitcoin miner Riot Platforms miss estimates with wider Q2 lossRiot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin.48
US authorities arrest and charge new figure in OneCoin scheme — Who is William Morro?
Turner Wright7 hours agoUS authorities arrest and charge new figure in OneCoin scheme — Who is William Morro?Reports suggested that the latest individual to be charged in connection to the crypto scheme was associated
US Senator: China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities
US Senator: China"s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities A U.S. senator has warned about China’s central bank digital currency. &#x
Maker Co-Founder Calls UST and MIM ‘Solid Ponzis’ That Will Go to Zero
Maker Co-Founder Calls UST and MIM "Solid Ponzis" That Will Go to Zero Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governan
Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages
Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages The Securities and Exchange Commission of Thailand (SEC) issued an o
JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion
JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion JPMorgan has told its clients that ethereum is losing ground to rival crypto
Report: FTX Execs Offered Taylor Swift $100M to Endorse the Exchange, Source Says Singer Never Considered the Deal
Report: FTX Execs Offered Taylor Swift $100M to Endorse the Exchange, Source Says Singer Never Considered the Deal According to a report, the American singer-songwriter Taylor Swif
El Salvador: Hackers leak code of state Bitcoin wallet
Helen Partz9 hours agoEl Salvador: Hackers leak code of state Bitcoin walletAfter leaking the entire database of Chivo users in early April, the hacker group CiberInteligenciaSV started releasing the wallet’s code.1405
Arijit Sarkar1 hour agoThodex CEO sentenced to Turkish prison for failure to submit tax documentsFaruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official
BNB price hit a 2-year high, but what’s backing the bullish momentum?
Marcel Pechman7 hours agoBNB price hit a 2-year high, but what’s backing the bullish momentum?Despite Binance’s setbacks with regulators, BNB has managed to reach a 2-year high at $489.50.1230 Total views3 Total shar
Proof-of-Work Proponents Question Validator Censorship as 59% of Staked Ethereum Is Held by 4 Companies
Proof-of-Work Proponents Question Validator Censorship as 59% of Staked Ethereum Is Held by 4 Companies Prior to The Merge, Ethereum used to have dozens upon dozens of mining pools