Solana Price Prediction: Breaking These Key Resistance Levels
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Solana
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Solana Price Prediction
Solana is back in the spotlight with a big move up, gaining over 11% in the last 24 hours to $204. Daily volume is over $13.6 billion, showing renewed interest. This comes as the ecosystem is growing and Solana is one of the fastest networks in DeFi.
Fundamentally, momentum was also boosted by the August 22nd announcement that Jito, in partnership with asset management giant VanEck, filed an application for the VanEck JitoSOL ETF.
The product will give institutional investors exposure to Solana while capturing staking rewards, potentially bridging DeFi with traditional markets. With the US SEC recently clarifying guidance on staking products, the regulatory environment is now more favorable for such innovations.
Solana Technical Levels Point to Breakout.
From a technical standpoint, Solana is at a key inflection point. The 4-hour chart is forming a triple top near $206-$210. This pattern often means hesitation, but as long as higher lows hold above $187 and $176, the overall structure is bullish.
Momentum indicators add to the bullish case. RSI is at 67, strong demand without bearish divergence. MACD has a bullish crossover with expanding histogram bars, and buying pressure is intact.
Key support and resistance levels now:
Support: $195, $187, $176
Resistance: $210, $218, $228
A close above $210 would invalidate the triple top and shift sentiment to continuation. That would trigger a move to $218 and then $228, in line with TradingView’s path projections.
Solana Price Forecast and Trade Setup.
For traders, it’s a waiting game. Entering...
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