Should You Buy Solana Now Before It Pops?
Solana (SOL) price is showing signs of a rebound as it pushes past recent resistance levels, leaving traders wondering if the rally has more legs. Let’s break down what the daily chart says.
Solana Price Prediction: Is SOL Price Gaining Momentum Again?
The chart shows Solana price trading around $151.33 after posting a healthy 3% daily gain. A close look reveals a steady climb from its recent pivot zone near $120. This level aligned with the 0.618 Fibonacci retracement—a crucial area where SOL found buyers stepping in. The recent green Heikin Ashi candles signal a shift in momentum, suggesting the downtrend may be losing steam.
What Do the Fibonacci Levels Tell Us?
On this daily chart, the Fibonacci retracement highlights key levels. SOL price is testing the 0.236 line near $152.50, which acts as immediate resistance. A clean break and daily close above this level could pave the way toward the psychological $160 zone—roughly a 5.7% move higher from the current price.
Calculation:
($160 - $151.33) / $151.33 ≈ 5.7%
If this level is cleared convincingly, the next major zone is near $180, which aligns with previous swing highs.
Is the RSI Signaling a Stronger Move?
The Relative Strength Index (RSI) has climbed to around 52.68, crossing above the neutral 50 mark. This is the first sign that buyers are regaining control after weeks of weakness. The RSI trend is upward-sloping, and if it holds above 50, it supports the bullish scenario for a continued push higher.
What Should Traders Watch Next?
Traders should watch for daily closes above $152–$155. Sustained price action above this zone, combined with a firm RSI above 55, could build the momentum needed for a breakout toward $160 and then $180.
However, if Solana price fails to close above $152 and slips back under $140, the bears could retest support at the 0.5 Fibonacci level near $130.
Solana Price Prediction: Is Solana a Buy Now?
Yes! Solana’s daily chart is tilting bullish with fresh buying near key retracement zones and an RSI recovery. If momentum continues, traders could see SOL price revisit the $160–$180 band in the short term. Staying above $140 will be critical to maintain this upward bias.
How to Buy Solana (SOL) on Bitget?
Follow these simple steps to start buying Solana on Bitget:
Sign Up for an Account
Create your Bitget account using this referral link to claim your welcome bonus:
https://partner.bitget.com/bg/cryptoticker
Verify Your Identity (KYC)
Complete the KYC process by submitting your ID documents. This ensures your account remains secure and fully compliant.
Deposit Funds
Add funds to your Bitget wallet via debit/credit card, bank transfer, or crypto deposit. Bitget supports multiple funding options.
Go to the Trading Section
Head to the trading dashboard and search for the SOL/USDT trading pair. You can also type “SOLANA” or “SOL” into the search bar.
Buy Solana (SOL)
Choose how much you want to invest, review the order, and confirm the purchase. Your SOL tokens will be added to your wallet instantly.
$SOL, $Solana, $SolanaPrice
Read More
Should You Buy Solana Now Before It Pops?
Solana (SOL) price is showing signs of a rebound as it pushes past recent resistance levels, leaving traders wondering if the rally has more legs. Let’s break down what the daily chart says.
Solana Price Prediction: Is SOL Price Gaining Momentum Again?
The chart shows Solana price trading around $151.33 after posting a healthy 3% daily gain. A close look reveals a steady climb from its recent pivot zone near $120. This level aligned with the 0.618 Fibonacci retracement—a crucial area where SOL found buyers stepping in. The recent green Heikin Ashi candles signal a shift in momentum, suggesting the downtrend may be losing steam.
What Do the Fibonacci Levels Tell Us?
On this daily chart, the Fibonacci retracement highlights key levels. SOL price is testing the 0.236 line near $152.50, which acts as immediate resistance. A clean break and daily close above this level could pave the way toward the psychological $160 zone—roughly a 5.7% move higher from the current price.
Calculation:
($160 - $151.33) / $151.33 ≈ 5.7%
If this level is cleared convincingly, the next major zone is near $180, which aligns with previous swing highs.
Is the RSI Signaling a Stronger Move?
The Relative Strength Index (RSI) has climbed to around 52.68, crossing above the neutral 50 mark. This is the first sign that buyers are regaining control after weeks of weakness. The RSI trend is upward-sloping, and if it holds above 50, it supports the bullish scenario for a continued push higher.
What Should Traders Watch Next?
Traders should watch for daily closes above $152–$155. Sustained price action above this zone, combined with a firm RSI above 55, could build the momentum needed for a breakout toward $160 and then $180.
However, if Solana price fails to close above $152 and slips back under $140, the bears could retest support at the 0.5 Fibonacci level near $130.
Solana Price Prediction: Is Solana a Buy Now?
Yes! Solana’s daily chart is tilting bullish with fresh buying near key retracement zones and an RSI recovery. If momentum continues, traders could see SOL price revisit the $160–$180 band in the short term. Staying above $140 will be critical to maintain this upward bias.
How to Buy Solana (SOL) on Bitget?
Follow these simple steps to start buying Solana on Bitget:
Sign Up for an Account
Create your Bitget account using this referral link to claim your welcome bonus:
https://partner.bitget.com/bg/cryptoticker
Verify Your Identity (KYC)
Complete the KYC process by submitting your ID documents. This ensures your account remains secure and fully compliant.
Deposit Funds
Add funds to your Bitget wallet via debit/credit card, bank transfer, or crypto deposit. Bitget supports multiple funding options.
Go to the Trading Section
Head to the trading dashboard and search for the SOL/USDT trading pair. You can also type “SOLANA” or “SOL” into the search bar.
Buy Solana (SOL)
Choose how much you want to invest, review the order, and confirm the purchase. Your SOL tokens will be added to your wallet instantly.
$SOL, $Solana, $SolanaPrice
Read More