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Solana Bullish Run: SOL’s 5% Surge Brings $160 Within Reach

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Solana Bullish Run: SOL’s 5% Surge Brings $160 Within Reach - NewsBTC

Quick Summary:

Also, the formation of the 4-hour Relative Strength Index (RSI) suggests that SOL’s price may continue its bullish move toward the $160 resistance level as the signal line of the RSI indicator has been maintaining its bullish sentiment above 50% and is currently trending the overbought zone.

On the 1-day, the price of SOL has broken above the bearish trendline, and it can be observed that the crypto asset is currently attempting a bullish move above the 100-day SMA towards the $160 resistance level.

Finally, on the 1-day chart, a careful examination of the formation of the 1-day RSI reveals that SOL could sustain its bullish trend above the 1-day SMA and the bearish trendline toward the $160 resistance mark as the signal line of the indicator has risen above 50% and is currently attempting a move towards the oversold zone.

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Solana Bullish Run: SOL’s 5% Surge Brings $160 Within Reach - NewsBTC (Picture 1)Solana Bullish Run: SOL’s 5% Surge Brings $160 Within Reach - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 12:00:39 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21632302

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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