Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin at a crossroads: Is this time to go out or save?

2025-05-13

US Banking Authority knew the path for crypto services at National Banks

2025-05-13

Will Deg Price reach $ 1?

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US Banking Authority knew the path for crypto services at National Banks

    2025-05-13

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Can Solana protect its recent gains?
Altcoins

Can Solana protect its recent gains?

2023-10-22No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • SOL gained +30% in three days between October 19 and 21.
  • SOL’s price action was hovering around $30 on a psychological level at the time of writing.

Solana [SOL] in just three days, from October 19 to 21, pumped +30%, retesting the psychological level of $30. But the price action showed a slight weakening after reaching $30.


Is your portfolio green? look at the SOL profit calculator


AMBCrypto noted that SOL could rise to $32, but at a slower pace than the previous aggressive pump in July. The stuttering price action of $30 at the time of writing confirmed the above idea. But does that still make $32 a bullish target?

Will SOL extend bullish momentum?

Solana

Source: SOL/USDT on TradingView

On the 12-hour chart, there were two crucial levels that the pullback could extend to. The first was a coincidence of a liquidity-price imbalance of $27.3 – $28.6 (cyan) and a bearish order block in the second half of 2012 of $26.14 – $27.38 (white).

The second level was at a break mark of $24.0 and $25.3 (red), right below the first interest rate level. However, the first-level confluence could soften the pullback, especially if BTC does not recover much in the medium term.

If SOL extends the recovery, the bullish targets will be $30, $32, $33.8 and $37.4.

Conversely, the altcoin could fall in value to $24 if sellers overwhelm the bulls in the coming days.

See also  Polygon vs Solana: The State of Play Since NFT Summer 2023

Despite the declines in the key indicators at the time of writing, the RSI, OBV and CMF were still positive. It indicated that SOL’s buying pressure, spot market demand and capital inflows remained substantial.

Liquidation levels showed a bearish bias

Solana

Source: Hyblok

The Cumulative Liq Levels Delta (CLLD) was positive, indicating a bearish bias. It captured the price and hesitated at $30. The metric tracks long versus short liquidations over time. The green/positive reading showed more long positions being liquidated – a bearish bias.


How many Worth 1,10,100 SOL today?


The recent higher liquidation levels, as evidenced by larger and medium bubbles, were $28.7, $27.5 and $27.0. Liquidity at $28.7 was hit at the time of writing, and $27.5 could be next before a potential reversal could surface.

Interestingly, $27.5 fell within the confluence of chart liquidity and a voided roadblock, which could attract players as support.

Source link

Gains protect Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Deg Price reach $ 1?

2025-05-13

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

2025-05-13

Bitcoin is confronted with key resistance after 10% rally

2025-05-13

Cardano: As whaling rises, does Ada see a potential increase?

2025-05-13
Add A Comment

Comments are closed.

Top Posts

Ethereum Price Faces Another Rejection: Will Momentum Return?

2025-01-20

Elizabeth Warren Presses Treasury, IRS To Take Quick Action On $50 Billion Crypto Tax Loophole

2023-08-03

Zearn.Fun launches Universal Ai Agent Launchpad

2025-02-23
Editors Picks

Trader says that XRP rival formation pattern can activate 300% price explosion, Outlook updated on Bitcoin

2025-03-06

Dogecoin Mining Guide

2023-05-04

Why did DeGods leave Solana for Ethereum? “I was just a pussy,” says founder

2024-05-16

I attended Trump’s NFT gala. This is why it matters

2023-11-28

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin at a crossroads: Is this time to go out or save?

US Banking Authority knew the path for crypto services at National Banks

Will Deg Price reach $ 1?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,247.501.30%
  • ethereumEthereum(ETH)$2,590.503.75%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.56-0.47%
  • binancecoinBNB(BNB)$659.98-0.83%
  • solanaSolana(SOL)$176.860.91%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2395492.43%
  • cardanoCardano(ADA)$0.82-0.65%
  • tronTRON(TRX)$0.269571-1.93%
  • suiSui(SUI)$4.041.94%
  • chainlinkChainlink(LINK)$17.091.04%
  • avalanche-2Avalanche(AVAX)$25.191.64%
  • stellarStellar(XLM)$0.312272-2.51%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.18%
  • hedera-hashgraphHedera(HBAR)$0.213464-2.92%
  • piPi(PI)$1.236.92%
  • hyperliquidHyperliquid(HYPE)$25.464.02%
  • the-open-networkToncoin(TON)$3.34-2.53%
  • bitcoin-cashBitcoin Cash(BCH)$407.16-0.75%
  • polkadotPolkadot(DOT)$5.11-0.19%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.58%
  • litecoinLitecoin(LTC)$102.201.74%
  • moneroMonero(XMR)$339.271.03%
  • pepePepe(PEPE)$0.0000143.90%
  • bitget-tokenBitget Token(BGB)$4.760.51%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.950.15%
  • bittensorBittensor(TAO)$460.921.49%
  • nearNEAR Protocol(NEAR)$3.180.89%
  • aptosAptos(APT)$5.961.14%
  • aaveAave(AAVE)$228.664.03%
  • ondo-financeOndo(ONDO)$1.03-0.24%
  • kaspaKaspa(KAS)$0.1245905.06%
  • okbOKB(OKB)$54.21-0.27%
  • internet-computerInternet Computer(ICP)$5.76-0.90%
  • ethereum-classicEthereum Classic(ETC)$20.131.66%
  • render-tokenRender(RENDER)$5.250.76%
  • mantleMantle(MNT)$0.800.20%
  • gatechain-tokenGateToken(GT)$21.820.04%
  • crypto-com-chainCronos(CRO)$0.1007421.44%
  • vechainVeChain(VET)$0.031006-1.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253860-2.75%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.13-0.23%
  • ethenaEthena(ENA)$0.4138013.15%
  • usd1World Liberty Financial USD(USD1)$1.00-0.21%
  • algorandAlgorand(ALGO)$0.242387-2.01%
  • filecoinFilecoin(FIL)$3.13-0.68%
  • arbitrumArbitrum(ARB)$0.436538-1.16%
  • bitcoinBitcoin(BTC)$104,247.501.30%
  • ethereumEthereum(ETH)$2,590.503.75%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.56-0.47%
  • binancecoinBNB(BNB)$659.98-0.83%
  • solanaSolana(SOL)$176.860.91%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2395492.43%
  • cardanoCardano(ADA)$0.82-0.65%
  • tronTRON(TRX)$0.269571-1.93%
  • suiSui(SUI)$4.041.94%
  • chainlinkChainlink(LINK)$17.091.04%
  • avalanche-2Avalanche(AVAX)$25.191.64%
  • stellarStellar(XLM)$0.312272-2.51%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.18%
  • hedera-hashgraphHedera(HBAR)$0.213464-2.92%
  • piPi(PI)$1.236.92%
  • hyperliquidHyperliquid(HYPE)$25.464.02%
  • the-open-networkToncoin(TON)$3.34-2.53%
  • bitcoin-cashBitcoin Cash(BCH)$407.16-0.75%
  • polkadotPolkadot(DOT)$5.11-0.19%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.58%
  • litecoinLitecoin(LTC)$102.201.74%
  • moneroMonero(XMR)$339.271.03%
  • pepePepe(PEPE)$0.0000143.90%
  • bitget-tokenBitget Token(BGB)$4.760.51%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.950.15%
  • bittensorBittensor(TAO)$460.921.49%
  • nearNEAR Protocol(NEAR)$3.180.89%
  • aptosAptos(APT)$5.961.14%
  • aaveAave(AAVE)$228.664.03%
  • ondo-financeOndo(ONDO)$1.03-0.24%
  • kaspaKaspa(KAS)$0.1245905.06%
  • okbOKB(OKB)$54.21-0.27%
  • internet-computerInternet Computer(ICP)$5.76-0.90%
  • ethereum-classicEthereum Classic(ETC)$20.131.66%
  • render-tokenRender(RENDER)$5.250.76%
  • mantleMantle(MNT)$0.800.20%
  • gatechain-tokenGateToken(GT)$21.820.04%
  • crypto-com-chainCronos(CRO)$0.1007421.44%
  • vechainVeChain(VET)$0.031006-1.82%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253860-2.75%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.13-0.23%
  • ethenaEthena(ENA)$0.4138013.15%
  • usd1World Liberty Financial USD(USD1)$1.00-0.21%
  • algorandAlgorand(ALGO)$0.242387-2.01%
  • filecoinFilecoin(FIL)$3.13-0.68%
  • arbitrumArbitrum(ARB)$0.436538-1.16%