Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst

September 18, 2025

Kraken Rolls Out ‘IPO-Style’ Token Sales in MiCA-Compliant Launch on Legion

September 18, 2025

NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet

September 18, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Solana (SOL) Price Primed to Hit $185 Outperforming the Bears as a Huge Golden Cross is Incoming

0
By on October 26, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Solana (SOL) Price Primed to Hit $185 Outperforming the Bears as a Huge Golden Cross is Incoming appeared first on Coinpedia Fintech News

After a small jump, the crypto space withstood a massive fall, whipping nearly $70 billion from the market. Solana’s price had raised above the seven-month descending consolidation and was believed to face a small pullback. Unfortunately, the correction has transformed into a rejection as the price has entered a bearish pattern carrying the possibility of a major downturn, probably during the weekend. 

The latest rise above the resistance indicated that the SOL price may not repeat the previous trend of a 20% pullback after a rejection. However, the recent price action indicates that the trend may repeat as the SOL price has returned to the rising wedge. With this, the possibility of another breakout and a pullback remains imminent. What’s next? Will the SOL price drop down to test the support around $125?

The SOL price faced rejection from the descending trend line, which has been a strong resistance for the past few months. However, the price is trying hard to defend the interim support zone around $161, which has kept up the bullish momentum. Besides, the 50-day & 200-day MA are about to undergo a bullish crossover, also called as ‘Golden Cross,’ which has always offered a bullish push. 

On the other hand, the DMI, which suggests the direction and strength of the token, was preparing for a bearish crossover; however, the formation suggests it is having a second thought. Therefore, the Solana price is primed to maintain an ascending trend after rebounding from the support of the rising wedge and the Golden Cross may help it to breach above the descending trend line. 

As a result, a rise to $180 appears imminent but the bears who are stationed here may offer a strong resistance for the Solana (SOL) price rally. 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst

September 18, 2025

Water150 Unveils Historical Satra Brunn Well; The Original Source of 150 Years of Premium Quality Spring Water Hydration

September 18, 2025

End of the Road for Dogecoin (DOGE) and Shiba Inu (SHIB): All Eyes in 2025 Are on This Meme Coin’s Race to the Top

September 18, 2025
Leave A Reply Cancel Reply

What's New Here!

Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst

September 18, 2025

Kraken Rolls Out ‘IPO-Style’ Token Sales in MiCA-Compliant Launch on Legion

September 18, 2025

NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet

September 18, 2025

Water150 Unveils Historical Satra Brunn Well; The Original Source of 150 Years of Premium Quality Spring Water Hydration

September 18, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

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

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.