{"id":15471,"date":"2021-12-21T14:05:37","date_gmt":"2021-12-21T13:05:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=15471"},"modified":"2021-12-21T14:05:46","modified_gmt":"2021-12-21T13:05:46","slug":"solana-price-prediction-sol-will-rally-38-to-244","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/solana-price-prediction-sol-will-rally-38-to-244\/","title":{"rendered":"Solana Price Prediction: SOL Will Rally 38% To $244"},"content":{"rendered":"\n
Solana <\/a>(SOL) has been in free fall since December 03, losing nearly 39% of its value to the range low of $149.173.<\/h5>\n\n\n\n
\"Solana<\/figure>\n\n\n\n

On the daily chart, the appearance of an engulfing the bullish V-shaped chart pattern points to a possible upswing towards $244. Solana \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>is now trading at $178 at the time of writing.<\/p>\n\n\n\n

A V-shaped recovery in the price of solana aims for a 38% increase<\/h2>\n\n\n\n

On the daily chart, SOL price has spelt out a V-shaped chart pattern, indicating a fast comeback. When an asset falls dramatically and subsequently rises steadily, a V-shaped pattern is formed. <\/p>\n\n\n\n

Although, because it has been holding below the 100-day Simple Moving Average (SMA) since December 16, Solana's comeback may not be as dramatic as a V-shaped recovery would imply. However, the technical picture shows that the price of Solana may continue to rise and complete the V-shaped recovery.<\/p>\n\n\n\n

As a result, if SOL <\/a>price breaks over the 100-day SMA at $185, it might soar to roughly $244, marking a 38 percent increase from the current price. However, Solana bulls must overcome severe resistance from the 200 psychological level, the 50 SMA at 208, and the $221 big resistance mark before achieving this goal.<\/p>\n\n\n\n

A purchase signal from the Moving Average Convergence Divergence<\/a> (MACD) indicator has bolstered the bullish narrative. This happened on December 18 when the 12-day Exponential Moving Average (EMA) passed over the 26-day EMA. When the MACD crosses the zero line into the positive area, the bullish momentum will acquire greater strength.<\/p>\n\n\n\n

\"Solana
SOL\/USD Four-Hour Chart<\/em><\/figcaption><\/figure>\n\n\n\n

The Relative Strength Index's (RSI) movement away from oversold regions demonstrates the strength of the bullish momentum. A break above the midline will trigger more buy orders, propelling Solana price<\/a> closer to the goal of the current chart pattern before overbought circumstances kick in.<\/p>\n\n\n\n

Looking Over the Fence<\/h2>\n\n\n\n

On the other hand, a daily close below the immediate support level of $173 might result in a flood of sell orders, sparking another downswing. If this happens, the price of Solana <\/a>might retest the $161 support level and the $149 range low from December 13th.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solana (SOL) has been in free fall since December 03, losing nearly 39% of its value to the range low of $149.173. On the daily chart, the appearance of an engulfing the bullish V-shaped chart pattern points to a possible upswing towards $244. Solana is now trading at $178 at the time of writing. A […]<\/p>\n","protected":false},"author":13,"featured_media":15473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5608,5675,6125],"class_list":["post-15471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sol-2","tag-solana-2","tag-solana-price-prediction"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/image-181.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=15471"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/15473"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=15471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=15471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=15471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}