{"id":833399,"date":"2025-03-12T08:11:52","date_gmt":"2025-03-12T13:11:52","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/12\/will-solana-sol-reclaim-180-key-chart-signals-massive-move\/"},"modified":"2025-03-12T08:11:52","modified_gmt":"2025-03-12T13:11:52","slug":"will-solana-sol-reclaim-180-key-chart-signals-massive-move","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/12\/will-solana-sol-reclaim-180-key-chart-signals-massive-move\/","title":{"rendered":"Will Solana (SOL) Reclaim $180? Key Chart Signals Massive Move"},"content":{"rendered":"
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\"Solana<\/figure>\n<\/div>\n
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After a notable price decline in recent days, Solana (SOL) is now poised for a massive upside rally due to its bullish price action on the daily time frame. SOL is one of the top cryptocurrencies, with its technology and adoption significantly rising, recently hitting a record high.<\/p>\n

Despite this bullish development, the asset experienced a notable price decline due to bearish market sentiment. However, sentiment has begun to recover, and SOL is now gaining upside momentum.<\/p>\n

Solana (SOL) Technical Analysis and Upcoming Levels\u00a0<\/strong><\/h2>\n

According to expert technical analysis, SOL appears bullish as it has formed a bullish divergence on its daily time frame, indicating that the asset is poised for a massive upside rally. A bullish divergence is rare and occurs when the asset\u2019s price makes a lower low, while its Relative Strength Index (RSI) forms a higher high. This signals that bulls are gaining strength and supporting the asset for a price jump.<\/p>\n

Based on recent price action and historical momentum, if the asset holds above the $120 level, it could soar by 42% to reach $180 in the coming days.<\/p>\n

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Source: Trading View<\/figcaption><\/figure>\n

Current Price Momentum\u00a0<\/strong><\/h3>\n

SOL is currently trading near $126, having surged over 8% in the past 24 hours. During the same period, its trading volume increased by 25%, indicating heightened participation from traders and investors compared to the previous day.<\/p>\n

Bullish On-Chain Metrics\u00a0<\/strong><\/h2>\n

With this bullish price action and ongoing market recovery, traders and investors seem to be strongly participating and betting on the bullish side, as reported by the on-chain analytics firm Coinglass<\/a>.<\/p>\n

$60 Million Worth SOL Outflow<\/strong><\/h3>\n

Data from spot inflow\/outflow reveals that exchanges have witnessed a significant $60 million worth of SOL tokens in the past 24 hours, indicating potential accumulation and causing buying pressure and upside momentum.<\/p>\n

Traders\u2019 Over-Leveraged Positions\u00a0<\/strong><\/h3>\n

In addition, traders have increased their open positions in the past 24 hours. According to on-chain data, SOL\u2019s open interest has surged by 11%. At press time, traders are over-leveraged between $125.8 and $128.5, having built $40 million worth of long positions and $23 million worth of short positions during the same period.<\/p>\n

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Source: Coinglass<\/figcaption><\/figure>\n

Combining these on-chain metrics with technical analysis, it appears that bulls are back, and the asset could soon recover and reclaim the $180 level in the coming days.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

After a notable price decline in recent days, Solana (SOL) is now poised for a massive upside rally due to its bullish price action on the daily time frame. SOL is one of the top cryptocurrencies, with its technology and adoption significantly rising, recently hitting a record high. Despite this bullish development, the asset experienced<\/p>\n","protected":false},"author":1,"featured_media":833400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95272,47657],"tags":[],"class_list":{"0":"post-833399","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reclaim","8":"category-solana"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/833399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=833399"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/833399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/833400"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=833399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=833399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=833399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}