Solana Targets $209 Mark With A Recovery Above The 4-hour SMA

Quick Summary:

However, the journey to $209 presents challenges as resistance levels and possible profit-taking could temper the pace of the rally.  Maintaining this upward trajectory will require sustained buying pressure and strong market support.

Related Reading: Solana Reclaims Key Levels Amid Market Volatility – Reclaim $210 And New Highs Are Next However, if Solana fails to break through the $209 level, it could result in a pullback, with the price potentially testing lower support levels like $194 and $164.

Solana price action has taken a bullish turn, with the cryptocurrency reclaiming the critical 4-hour Simple Moving Average (SMA) and setting its sights on the $209 resistance level.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: SMA Sol SOLUSDT RSI Solana Altcoin SOLUSD Simple Moving Average Consolidation Phase Relative Strength Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 14:00:28 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 25195028

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions