Newsletter
SHIB Army NEWS
  • Home
  • SHIB Chart
  • SHIB Calculator
  • SHIB Twitter
  • SHIB Events
  • Donate
No Result
View All Result
  • Home
  • SHIB Chart
  • SHIB Calculator
  • SHIB Twitter
  • SHIB Events
  • Donate
No Result
View All Result
SHIB Army NEWS
No Result
View All Result
Home SHIB

Solana price analysis: Bulls eye more as SOL reaches new ATH near $220

Benson Toti by Benson Toti
October 28, 2021
in SHIB
0
Solana price analysis: Bulls eye more as SOL reaches new ATH near $220
72
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterRedditEmail

SOL broke above the previous ATH near $215, with the upside momentum pushing it to a new all-time high near $220.

Solana (SOL) has been one of the best-performing crypto assets over the past few weeks. According to data from CoinGecko, SOL’s price has increased by 32% over the past seven days and nearly 54% over the past month.

Related articles

Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE

Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE

July 4, 2022

State of SHIB

July 3, 2022

Since October last year, Solana’s value has increased by more than 11,490% to see the cryptocurrency race up the charts to become the sixth-largest blockchain project by market cap.

As of writing, SOL is trading around $210.7, slightly lower after shedding some of the gains made in the past 24 hours.

Despite this, Solana remains in a bullish trend and another leg up will likely see the $62.5 billion platform seek fresh bids near the all-time high of $219.05 reached on 25 October.

The daily chart shows the SOL/USDT pair is above the 20 EMA and 50 SMA curves, which followed a bullish breakout above a contracting triangle pattern.

A positive signal for a short-term bounce is also observed through the upsloping RSI, currently within the overbought region to suggest the advantage is with the bulls. The daily candle also points to aggressiveness from buyers, an outlook likely to see Solana’s price target $225 and potentially $250.

SOL/USDT daily chart. Source: TradingView

On the downside, support lies around $201 and $191 (both horizontal anchors). The 20 EMA line ($177) offers the main demand reload zone.

What’s behind Solana’s price rally?

In September, a severe network outage saw a negative market reaction crash the SOL price by more than 40%.

The last several weeks have however seen network growth driven by increased interest in NFTs, a successful upgrade and the steady flow of capital from institutional investors buoy sentiment to make Solana one of the top crypto performers in October.

Gains have also mirrored those posted by Bitcoin (BTC) and Ethereum (ETH) as they reached new all-time highs.

The post Solana price analysis: Bulls eye more as SOL reaches new ATH near $220 appeared first on Coin Journal.

Share29Tweet18ShareSend
Previous Post

Stellar’s network to facilitate remittances between Europe and Africa

Next Post

France-based Crypto Blockchain Industries lists on Paris stock market

Related Posts

Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE

Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE

by Benson Toti
July 4, 2022
0

Traders are taking a hands-off approach to Bitcoin and altcoins until BTC successfully flips the $20,000 level back to support.

State of SHIB

by Benson Toti
July 3, 2022
0

SHIB has been lowered its floor. This is a good opportunity to buy into the coin. However, how did we...

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

by Benson Toti
July 3, 2022
0

Traders expect Bitcoin to swoop below its swing low before the price flattens out and altcoins begin to recover.

Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls

Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls

by Benson Toti
July 3, 2022
0

Cardano (ADA) price experienced a protracted run along a falling angle formed on June 27, when the price was $0.52....

Question about future BONE/BURY awards

by Benson Toti
July 3, 2022
0

Given the recent stop of BONE mining, can anyone tell what the future rewards will be for burying BONE? I...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

shiba-inu Shiba Inu
$0.00001000
$0.00001000
EUR: €0.00000958
GBP: £0.00000826
7D Chart0.530%
Categories
  • SHIB
  • SHIB Reddit
Tags
Featured kickex Shiba whitebit

© SHIB Army News

No Result
View All Result
  • Home
  • SHIB Chart
  • SHIB Calculator
  • SHIB Twitter
  • SHIB Events
  • Donate

© 2021 SHIBArmy.news

  • bitcoinBitcoin(BTC)$19,231.77
    BITCOIN
    24H : 0.130%
    Volume : $14,240,585,368.00
    Marketcap : $366,673,853,397.00
  • ethereumEthereum(ETH)$1,074.30
    ETHEREUM
    24H : 1.52%
    Volume : $8,117,920,945.00
    Marketcap : $128,258,251,211.00
  • tetherTether(USDT)$1.000
    TETHER
    24H : -0.03%
    Volume : $35,678,512,163.00
    Marketcap : $66,102,589,918.00
  • binancecoinBNB(BNB)$218.70
    BNB
    24H : 0.720%
    Volume : $677,637,181.00
    Marketcap : $35,690,506,931.00
  • cardanoCardano(ADA)$0.454
    CARDANO
    24H : 0.440%
    Volume : $443,171,792.00
    Marketcap : $15,358,191,831.00
  • dogecoinDogecoin(DOGE)$0.068
    DOGECOIN
    24H : 3.02%
    Volume : $261,719,081.00
    Marketcap : $8,986,690,193.00
  • shiba-inuShiba Inu(SHIB)$0.00001000
    SHIBA INU
    24H : 0.530%
    Volume : $207,456,627.00
    Marketcap : $5,928,635,528.00