{"id":5968,"date":"2024-12-11T06:34:27","date_gmt":"2024-12-11T05:34:27","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=5968"},"modified":"2024-12-11T06:34:27","modified_gmt":"2024-12-11T05:34:27","slug":"solana-sol-faces-challenges-can-it-make-a-comeback","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/","title":{"rendered":"Solana (SOL) Faces Challenges: Can It Make a Comeback?"},"content":{"rendered":"<p><\/p>\n<p><em>Solana initiated a downward correction beneath the $230 area. The SOL price is now regaining its losses but is encountering challenges close to the $220 mark.<\/em><\/p>\n<ul>\n<li>The SOL price commenced a new uptick after it tested the $204 region against the US Dollar.<\/li>\n<li>The price is currently trading below $230 and below the 100-hourly simple moving average.<\/li>\n<li>A significant bearish trend line is taking shape with resistance at $220 on the hourly chart for the SOL\/USD pair (data sourced from Kraken).<\/li>\n<li>The pair might initiate a new climb if the bulls surpass the $220 region.<\/li>\n<\/ul>\n<h2>Solana Price Aims for Upside Breakthrough<\/h2>\n<p>The Solana price established a support foundation and began a new rise from the $204 level, similar to <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-holds-support-94250\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-stabilizes-3550\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a notable rise past the $210 and $212 resistance levels.<\/p>\n<p>There was an upswing above the 23.6% Fibonacci retracement level of the decline from the $243 swing peak to the $203 low. Nonetheless, the price is currently encountering several obstacles near $220. Solana is now trading above $218 and the 100-hourly simple moving average.<\/p>\n<p>On the upside, the price faces resistance around the $220 mark. Additionally, there is a critical bearish trend line forming with resistance at $220 on the hourly chart of the SOL\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Solana_00c366.png\"><\/a><\/p>\n<p>The subsequent significant resistance is close to the $224 mark, or the 50% Fibonacci retracement level of the decline from the $243 swing peak to the $203 low. The primary resistance might be $228. A successful close above the $228 resistance could pave the way for another steady rise. The next critical resistance is $235. Further gains could propel the price toward the $250 mark.<\/p>\n<h2>Is Another Drop Imminent for SOL?<\/h2>\n<p>If SOL does not manage to breach the $220 resistance, it could potentially start another decline. Initial support on the downside lies near the $212 level. The first major support level is around the $205 mark.<\/p>\n<p>A breach below the $205 level may push the price towards the $200 zone. If there is a close beneath the $200 support, the price could drop towards the $188 support level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining momentum in the bullish territory.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 mark.<\/p>\n<p>Key Support Levels \u2013 $212 and $205.<\/p>\n<p>Key Resistance Levels \u2013 $220 and $228.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/solana-sol-encounters-barriers-220\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana initiated a downward correction beneath the $230 area. The SOL price is now regaining its losses but is encountering challenges close to the $220 mark. The SOL price commenced a new uptick after it tested the $204 region against the US Dollar. The price is currently trading below $230 and below the 100-hourly simple<\/p>\n","protected":false},"author":3,"featured_media":5969,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[382],"class_list":{"0":"post-5968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-solana-sol-encounters-barriers-is-a-fresh-surge-still-possible-gpt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana (SOL) Faces Challenges: Can It Make a Comeback? - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana (SOL) Faces Challenges: Can It Make a Comeback? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Solana initiated a downward correction beneath the $230 area. The SOL price is now regaining its losses but is encountering challenges close to the $220 mark. The SOL price commenced a new uptick after it tested the $204 region against the US Dollar. The price is currently trading below $230 and below the 100-hourly simple\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-11T05:34:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/\",\"name\":\"Solana (SOL) Faces Challenges: Can It Make a Comeback? - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg\",\"datePublished\":\"2024-12-11T05:34:27+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg\",\"width\":1792,\"height\":1024,\"caption\":\"Solana (SOL) Encounters Barriers: Is a Fresh Surge Still Possible?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Solana (SOL) Faces Challenges: Can It Make a Comeback?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Solana (SOL) Faces Challenges: Can It Make a Comeback? - WSJ-Crypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/","og_locale":"it_IT","og_type":"article","og_title":"Solana (SOL) Faces Challenges: Can It Make a Comeback? - WSJ-Crypto","og_description":"Solana initiated a downward correction beneath the $230 area. The SOL price is now regaining its losses but is encountering challenges close to the $220 mark. The SOL price commenced a new uptick after it tested the $204 region against the US Dollar. The price is currently trading below $230 and below the 100-hourly simple","og_url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/","og_site_name":"WSJ-Crypto","article_published_time":"2024-12-11T05:34:27+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"2 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/","url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/","name":"Solana (SOL) Faces Challenges: Can It Make a Comeback? - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg","datePublished":"2024-12-11T05:34:27+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Barriers.jpg","width":1792,"height":1024,"caption":"Solana (SOL) Encounters Barriers: Is a Fresh Surge Still Possible?"},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/11\/solana-sol-faces-challenges-can-it-make-a-comeback\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"Solana (SOL) Faces Challenges: Can It Make a Comeback?"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=5968"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5968\/revisions"}],"predecessor-version":[{"id":5971,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5968\/revisions\/5971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/5969"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=5968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=5968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=5968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}