{"id":6980,"date":"2025-08-07T13:00:29","date_gmt":"2025-08-07T13:00:29","guid":{"rendered":"https:\/\/coinscap.info\/blog\/solana-sol-poised-for-move-can-it-clear-this-barrier\/"},"modified":"2025-08-07T13:00:29","modified_gmt":"2025-08-07T13:00:29","slug":"solana-sol-poised-for-move-can-it-clear-this-barrier","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/solana-sol-poised-for-move-can-it-clear-this-barrier\/","title":{"rendered":"Solana (SOL) Poised for Move \u2013 Can It Clear This Barrier?"},"content":{"rendered":"<p><em>Solana started a fresh increase from the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh upward move above the $165 and $166 levels against the US Dollar.<\/li>\n<li>The price is now trading above $165 and the 100-hourly simple moving average.<\/li>\n<li>There is a contracting triangle forming with resistance at $168 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $172 resistance zone.<\/li>\n<\/ul>\n<h2>Solana Price Eyes Upside Break<\/h2>\n<p>Solana price started a decent increase after it found support near the $162 zone, like Bitcoin and Ethereum. SOL climbed above the $165 level to enter a short-term positive zone.<\/p>\n<p>The price even smashed the $1682 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $172 swing high to the $162 low. However, the bears are active near the $170 zone.<\/p>\n<p>The 76.4% Fib retracement level of the downward move from the $172 swing high to the $162 low is acting as a resistance. There is also a contracting triangle forming with resistance at $168 on the hourly chart of the SOL\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-800415\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/Solana_87e9fa.png?resize=1024%2C493\" alt=\"Solana Price\" width=\"1024\" height=\"493\" \/><\/p>\n<p>Solana is now trading above $165 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. The next major resistance is near the $172 level. The main resistance could be $175. A successful close above the $175 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level.<\/p>\n<h2>Are Downsides Limited In SOL?<\/h2>\n<p>If SOL fails to rise above the $170 resistance, it could start another decline. Initial support on the downside is near the $164 zone. The first major support is near the $162 level.<\/p>\n<p>A break below the $162 level might send the price toward the $152 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $164 and $162.<\/p>\n<p>Major Resistance Levels \u2013 $170 and $172.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh increase from the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $165 and $166 levels against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6981,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[126,127,191,192,142,94],"class_list":["post-6980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/6980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=6980"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/6980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/6981"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=6980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=6980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=6980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}