{"id":6177,"date":"2024-12-16T06:55:33","date_gmt":"2024-12-16T05:55:33","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=6177"},"modified":"2024-12-16T06:55:33","modified_gmt":"2024-12-16T05:55:33","slug":"can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/","title":{"rendered":"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum?"},"content":{"rendered":"<p><\/p>\n<p><em>Solana has remained consistent above the $215 mark. The SOL price is presently recuperating from losses and encountering obstacles around the $228 and $332 thresholds.<\/em><\/p>\n<ul>\n<li>The SOL price initiated a new ascent after testing the $215 area against the US Dollar.<\/li>\n<li>The price is currently trading below $225 and the 100-hour simple moving average.<\/li>\n<li>A breakout occurred above a connecting bearish trend line that had resistance at $222 on the hourly chart for the SOL\/USD pair (data sourced from Kraken).<\/li>\n<li>The pair may initiate a new rise if the bulls overcome the $228 level.<\/li>\n<\/ul>\n<h2>Solana Price Eyes Upside Break<\/h2>\n<p>The price of Solana established a support foundation and began a new rise from the $215 level but has lagged in momentum compared to <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-new-ath-105k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-eyes-bitcoins-lead\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a significant rise above the $218 and $220 resistance thresholds.<\/p>\n<p>A breakout occurred above a connecting bearish trend line that had resistance at $222 on the hourly chart for the SOL\/USD pair. The pair rose above $225 and tested the 50% Fibonacci retracement level of the downward movement from the $234 swing high to the $215 low.<\/p>\n<p>Nonetheless, the price is now encountering numerous challenges around $225. Solana is currently trading below $225 and the 100-hour simple moving average. On the upward side, the price faces resistance near the $225 mark.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Solana_1697da.png\"><\/a><\/p>\n<p>The next significant resistance stands near the $228 mark or the 61.8% Fibonacci retracement level of the downward move from the $234 swing high to the $215 low. The primary resistance could be $230. A successful closure above the $230 resistance level may set the stage for another steady increase. The subsequent key resistance is $235. Any further gains might propel the price towards the $250 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL cannot surpass the $228 resistance, it might begin another downward movement. Initial support on the downside is near the $220 level. The first major support lies near the $215 level.<\/p>\n<p>A breakdown below the $215 level could drive the price towards the $205 area. If it closes below the $205 support, the price may decline toward the $200 support in the near future.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is losing momentum in the bullish area.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is beneath the 50 level.<\/p>\n<p>Key Support Levels \u2013 $220 and $215.<\/p>\n<p>Key Resistance Levels \u2013 $228 and $230.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/solana-sol-faces-headwinds-228\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana has remained consistent above the $215 mark. The SOL price is presently recuperating from losses and encountering obstacles around the $228 and $332 thresholds. The SOL price initiated a new ascent after testing the $215 area against the US Dollar. The price is currently trading below $225 and the 100-hour simple moving average. A<\/p>\n","protected":false},"author":3,"featured_media":6178,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[449],"class_list":{"0":"post-6177","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-faces-headwinds-can-bulls-revive-momentum-gpt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum? - 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\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Solana has remained consistent above the $215 mark. The SOL price is presently recuperating from losses and encountering obstacles around the $228 and $332 thresholds. The SOL price initiated a new ascent after testing the $215 area against the US Dollar. The price is currently trading below $225 and the 100-hour simple moving average. A\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-16T05:55:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.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\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/\",\"name\":\"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum? - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.jpg\",\"datePublished\":\"2024-12-16T05:55:33+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.jpg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.jpg\",\"width\":1792,\"height\":1024,\"caption\":\"Solana (SOL) Faces Headwinds: Can Bulls Revive Momentum?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum?\"}]},{\"@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":"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum? - 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\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/","og_locale":"it_IT","og_type":"article","og_title":"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum? - WSJ-Crypto","og_description":"Solana has remained consistent above the $215 mark. The SOL price is presently recuperating from losses and encountering obstacles around the $228 and $332 thresholds. The SOL price initiated a new ascent after testing the $215 area against the US Dollar. The price is currently trading below $225 and the 100-hour simple moving average. A","og_url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/","og_site_name":"WSJ-Crypto","article_published_time":"2024-12-16T05:55:33+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.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\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/","url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/","name":"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum? - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.jpg","datePublished":"2024-12-16T05:55:33+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.jpg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Solana-SOL-Headwinds.jpg","width":1792,"height":1024,"caption":"Solana (SOL) Faces Headwinds: Can Bulls Revive Momentum?"},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/16\/can-solana-sol-overcome-its-challenges-and-regain-bullish-momentum\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"Can Solana (SOL) Overcome Its Challenges and Regain Bullish Momentum?"}]},{"@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\/6177","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=6177"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/6177\/revisions"}],"predecessor-version":[{"id":6180,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/6177\/revisions\/6180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/6178"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=6177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=6177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=6177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}