Friday, August 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Solana Alert: SOL Retests $210, Is A Rebound Or Retrace Next?

11 December 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


Este artículo también está disponible en español.

Solana (SOL) has seen its rally decelerate in the previous few days, dropping 23% from its new all-time excessive (ATH) and over 8% previously day. Some traders fear concerning the Altcoin’s short-term efficiency because the crypto market pulls again.

Associated Studying

Solana Drops To Lowest Stage In A Month

Solana has been one of many main cryptocurrencies this cycle, outperforming many of the market and stealing the headlines. In contrast to most altcoins, the cryptocurrency outperformed through the Q2 and Q3 retraces, holding above pre-bull run ranges.

As This autumn began, Solana continued to hover throughout the $110-$180 value vary, breaking above this vary after the market’s post-election pump. SOL’s momentum propelled the token previous its yearly excessive and efficiently reclaimed the $200 barrier.

The token continued to climb larger till its new ATH of $263 on November 23. Since then, Solana hovered between the $245-$220 value vary, fueling traders’ optimism concerning the altcoin’s subsequent “value discovery” transfer.

Nonetheless, SOL’s value has taken a blow previously day alongside Bitcoin and the remainder of the crypto market. Solana noticed an 8.7% correction within the final 24 hours, falling to the $210 help stage earlier than dropping under it.

The cryptocurrency is now retesting the important thing $200-$210 zone as help for the primary time since breaking previous it, falling under the $205 stage on Tuesday morning. Crypto analyst Altcoin Sherpa shared a doable bearish outlook for SOL’s short-term efficiency primarily based on the continuing value retest.

Per the put up, “SOL weak spot has been fairly apparent, and it’s being mirrored within the sol shitcoin value motion as properly.” The analysts defined that the present value motion appears seemingly underwhelming, suggesting that holding the $200-$210 area is essential.

Failing to carry this zone would seemingly ship the value to the pre-election resistance stage of $180, which has not been examined as help since breaking above it over a month in the past.

SOL Eyes Greater Targets

Equally, Crypto Jack forecasted a possible fall to the $180-$160 vary if SOL fails its retest of the $200 mark as help. Nevertheless, he considers the over 10% drop a “purchase the dip” alternative for traders.

In response to his potential play for Solana, the cryptocurrency would bounce to its ATH ranges and try to interrupt previous them. Different market watchers identified that SOL is at present retesting the weekly and month-to-month timeframe resistance as help, which might see Solana go larger “so long as it holds.”

Crypto analyst Jelle reaffirmed his $600 goal for the cryptocurrency, noting that it “carried out extremely through the first 12 months of the cycle” and can “be a winner once more within the coming months.”

Associated Studying

In the meantime, Bitwise’s newest report predicted that SOL might rally over 200% in 2025. The asset supervisor’s CIO, Matt Hougan, and Head of Analysis, Ryan Rasmussen, take into account that the altcoin’s momentum “is simply starting to construct,” predicting it’s going to hit $750 subsequent 12 months.

On the time of writing, Solana is buying and selling at $204, an 8.5% and three.1% decline within the day by day and month-to-month timeframe.

Solana’s efficiency within the one-week chart. Supply: SOLUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com



Source link

Tags: ALERTreboundRetestsRetraceSOLSolana
Previous Post

What is Hyperliquid: Maximize Your Gains with the HYPE Token

Next Post

Trump’s Bitcoin Vision: Report Indicates President’s $150,000 Price Target Goal | Bitcoinist.com

Related Posts

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’
Bitcoin

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

1 August 2025
MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News
Bitcoin

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
A Ticking Time Bomb? US Senator Compares GENIUS Act to 2008 Financial Crisis
Bitcoin

A Ticking Time Bomb? US Senator Compares GENIUS Act to 2008 Financial Crisis

1 August 2025
NFT Marketplace Rarible Adds Support For Somnia NFTs
Bitcoin

NFT Marketplace Rarible Adds Support For Somnia NFTs

1 August 2025
Bitcoin’s Next Big Surge? On-Chain Metrics Suggest a Price Shift Is Near
Bitcoin

Bitcoin’s Next Big Surge? On-Chain Metrics Suggest a Price Shift Is Near

1 August 2025
JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions
Bitcoin

JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions

1 August 2025
Next Post
Trump’s Bitcoin Vision: Report Indicates President’s $150,000 Price Target Goal | Bitcoinist.com

Trump's Bitcoin Vision: Report Indicates President's $150,000 Price Target Goal | Bitcoinist.com

LangChain Introduces ‘Command’ for Enhanced Multi-Agent Architectures

LangChain Introduces 'Command' for Enhanced Multi-Agent Architectures

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

1 August 2025
XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

1 August 2025
MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
Justin Drake Introduces “Lean Ethereum” Proposal

Justin Drake Introduces “Lean Ethereum” Proposal

1 August 2025
Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

1 August 2025
XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$115,762.00-2.25%
  • ethereumEthereum(ETH)$3,669.76-3.96%
  • rippleXRP(XRP)$3.00-4.25%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$773.80-2.99%
  • solanaSolana(SOL)$169.24-5.28%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,664.47-4.33%
  • dogecoinDogecoin(DOGE)$0.207957-5.56%
  • tronTRON(TRX)$0.327224-0.28%