By Nermeen Nabil Khear 
Solana started a fresh increase above the $240 resistance. SOL price is back above $2500 and might aim for a fresh increase above the $262 zone.
- SOL price started a fresh increase above the $240 and $250 levels against the US Dollar.
- The price is now trading above $250 and the 100-hourly simple moving average.
- There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair (data source from Kraken).
- The pair could start a fresh increase if the bulls clear the $262 zone.
Solana Price Reclaims $250
Solana price formed a base above $225 and started a decent upward move, like Bitcoin and Ethereum. SOL was able to climb above the $235 and $240 resistance levels.
There was a break above a key bearish trend line with resistance at $245 on the hourly chart of the SOL/USD pair. The pair even cleared the 50% Fib retracement level of the downward move from the $272 swing high to the $230 low.
Solana is now trading above $250 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $262 level or the 76.4% Fib retracement level of the downward move from the $272 swing high to the $230 low.
The next major resistance is near the $272 level. The main resistance could be $280. A successful close above the $280 resistance zone could set the pace for another steady increase. The next key resistance is $292. Any more gains might send the price toward the $300 level. If SOL fails to rise above the $262 resistance, it could start another decline. Initial support on the downside is near the $250 zone and the 100-hourly simple moving average. The first major support is near the $240 level. A break below the $240 level might send the price toward the $230 zone. If there is a close below the $230 support, the price could decline toward the $215 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $250 and $240. Major Resistance Levels – $262 and $272. This articles is written by : Nermeen Nabil Khear Abdelmalak All rights reserved to : USAGOLDMIES . www.usagoldmines.com You can Enjoy surfing our website categories and read more content in many fields you may like . Why USAGoldMines ? USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
Another Decline in SOL?
Recent:
Crypto News | Bitcoin DeFi Protocol Velar Unveils .BTC Name Grant Program for Unified Identities on...
Crypto News | EigenLayer and Cartesi Team up on AI, DeFi for Mainstream Adoption George Georgiev | ...
Crypto News | Catslap Plans Massive $1M Token Burn Tomorrow – Could $SLAP be Getting Ready to Explo...
Crypto News | Solana Price Surges as New Trump Venture Lifts Market – May Solaxy Pump Next? Felix M...
Crypto News | Pi Network Community Grows in These Countries, But When Mainnet? Jordan Lyanchev | us...
Crypto News | Ethereum Could See a Pullback to $2,500 Amid Whale Absence Chayanika Deka | usagoldmi...
Crypto News | Everstake Achieves SOC 2 Type 1 Certification, Strengthening Web3 Security Amid Crypt...
Crypto News | Pump.fun User Mints 18,000 Meme Coins, Earns $3.76M Wayne Jones | usagoldmines.com
Crypto News | Crypto Community Protests MIT’s Rehiring of Gary Gensler Wayne Jones | usagoldmines.c...
Crypto News | How Supply Distribution Trends Can Affect Bitcoin’s Price, According to Santiment Man...
XRP Price Prediction For January 31 Anjali Belgaumkar | usagoldmines.com
Pump.fun Faces $500M Lawsuit: Are Memecoins Securities? Debashree Patra | usagoldmines.com
Pi Coin Grace Period Extended to February 28, 2025: Price Surges by 10% Mustafa Mulla | usagoldmines...
Governor of Russian Bitcoin Mining Hotspot Calls for Year-round Ban Tim Alper | usagoldmines.com
Why Rollblock is Guaranteed to Be the Crypto Coin That Offers The Biggest Returns in 2025! Cryptopol...
Ethereum Price Spikes 5% In A Day—Will the Rally Continue? Samuel Edyme | usagoldmines.com
Cardano (ADA) at Risk: Breakdown Signal Suggests Further Decline Aayush Jindal | usagoldmines.com
Crypto News | Ethereum Could See a Pullback to $2,500 Amid Whale Absence Chayanika Deka | usagoldmi...
Crypto News: Bankman-Fried’s Family Seeks Trump Pardon After Ulbricht’s Release Anjali Belgaumkar |...
ECB President Christine Lagarde Rejects Bitcoin for EU Reserves Hassan Shittu | usagoldmines.com
Overheating Crypto Mining Rigs Blamed for Another South Korea Fire Tim Alper | usagoldmines.com
Lightchain AI Crypto Price Prediction – Here’s Why a 41x Rally in Q1 2025 is Within Reach Cryptopoli...
Bitcoin Withstands DeepSeek Dip And FOMC Volatility – How Close Is A New ATH? Ash Tiwari | usagoldmi...
XRP Price Stuck In Consolidation: Where’s The Next Big Move? Aayush Jindal | usagoldmines.com
Big News: SEC Approves Bitwise Spot Bitcoin and Ethereum ETF Anjali Belgaumkar | usagoldmines.com
Uniswap Protocol on Base posts third consecutive monthly volume ATH in January 2025 Hannah Collymore...
Tether’s USDT set to launch on Bitcoin’s base layer and Lightning Network Nellius Irene | usagoldmin...
Bitcoin Price Comeback Meets Resistance: Breakout or Rejection? Aayush Jindal | usagoldmines.com
Ethereum Price Gains Traction: Can It Sustain the Climb? Aayush Jindal | usagoldmines.com
Crypto News | Perplexity AI hints at possible crypto integration Oluwapelumi Adejumo | usagoldmines....
Crypto News | Tether answers to MiCA compliance hurdles with Hadron and Quantoz Oluwapelumi Adejumo ...
Crypto News | Kraken relaunches compliant staking for US clients after SEC settlement Assad Jafri | ...
Crypto News | Sam Bankman-Fried’s parents reportedly eye Trump pardon for jailed son Gino Matos | us...
Crypto News | Ripple’s RLUSD stablecoin crosses $3 trillion in trading within a month Gino Matos | u...
Crypto News | South Dakota lawmaker proposes two Bitcoin Reserve bills, eyes 10% state fund allocati...
Crypto News | Czech Central Bank to pursue studying Bitcoin reserves despite ECB opposition Gino Mat...
Crypto News | Bad actors steal $80 million in January, CEXs hit hardest Assad Jafri | usagoldmines.c...
Crypto News | Grayscale files to convert its XRP into an ETF Gino Matos | usagoldmines.com
Crypto News | B2TRADER 2.2: Pioneering a new era of multi-asset trading News Desk | usagoldmines.com
Solana-based Uber rival Teleport shuts down, citing business challenges Nellius Irene | usagoldmines...
Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound Samuel Edyme | usagold...
USDC gains another step on Tether’s USDT market with Aptos mainnet launch Hannah Collymore | usagold...
Ethereum MVRV Forms Signal That Last Led To 40% Price Crash Keshav Verma | usagoldmines.com
MicroStrategy CEO Michael Saylor graces the cover of Forbes: “The Bitcoin Alchemist” Jai Hamid | usa...
Crypto hacks dropped 44% YoY in January but surged ninefold from December Nellius Irene | usagoldmin...
Grayscale files for conversion of XRP Trust to a Spot ETF with the NYSE Jai Hamid | usagoldmines.com
Copyright law doesn’t cover AI art, US Copyright Office’s new decision shows Enacy Mapakame | usagol...
SBF’s parents want to ask president Trump to pardon their convicted son Jai Hamid | usagoldmines.com
Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound Scott Matherson | usagoldmine...
Crypto News: Avalanche Cuts Transaction Costs by 75%, Boosting Network Activity Anjali Belgaumkar |...
ECB Cuts Rates, Lagarde Rules Out Bitcoin in EU Reserves Nidhi Kolhapur | usagoldmines.com
AAVE Set for 25% Rally, Traders Eye $375 Chandan Gupta | usagoldmines.com
Just In: Kraken Reintroduces Staking Products for U.S. Customers Nidhi Kolhapur | usagoldmines.com
Czech National Bank Approves Proposal to Assess Bitcoin and Other Asset Investments Nidhi Kolhapur |...
Circle Launches Native USDC on Aptos Mainnet Nidhi Kolhapur | usagoldmines.com
Breakout Alert! Lido DAO (LDO) Open Interest Soars by 30%, Bullish Sign? Chandan Gupta | usagoldmine...
Just In: Grayscale Files For Spot XRP ETF Nidhi Kolhapur | usagoldmines.com
Dogecoin (DOGE) Price Prediction Today Chandan Gupta | usagoldmines.com
XRP on the Verge of a Breakout, 40% Rally Imminent? Chandan Gupta | usagoldmines.com
Crypto Autos Integrates Solana for Luxury Car Purchases Tari | usagoldmines.com
Kraken Exchange Launched Kraken Pay for Instant Transfers Victor | usagoldmines.com
Robinhood Launches Bitcoin Futures Trading Victor | usagoldmines.com
Fed Chair Jerome Powell: Banks Can Embrace Crypto Victor | usagoldmines.com
Trump Launches Official Watches—Pay with Bitcoin or $TRUMP Victor | usagoldmines.com
Illinois Proposes 5-Year Bitcoin Reserve Strategy Lawrence Mike Woriji | usagoldmines.com
Circle Announces Native USDC Is Now Live on Aptos Mainnet Tanzeel Akhtar | usagoldmines.com
$534 Million Exit: DeepSeek Debut Sends Shockwaves Through Crypto ETFs Christian Encila | usagoldmin...
DeepSeek springs leak, are AI agent chats exposed? Hristina Vasileva | usagoldmines.com
Zuckerberg vows Meta will lead despite DeepSeek disruption Ashish Kumar | usagoldmines.com
Solo miner with FutureBit node earns the whole 3.125 BTC reward Hristina Vasileva | usagoldmines.com
Italy and Ireland ban DeepSeek on Apple and Google devices Jai Hamid | usagoldmines.com
Grayscale launches Bitcoin Mining ETF (MNRS), lists it on the New York Stock Exchange Arca Florence ...
Microsoft’s cloud division misses growth targets amid slower demand for AI services Nellius Irene | ...
Bitcoin has highest correlation with Russell 2000 tech sector – JPMorgan Florence Muchai | usagoldmi...
Kraken brings back staking for some US clients on renewed crypto regulations Hristina Vasileva | usa...
A first: Ripple (26) and Ripple (27) to unlock 1B XRP worth $3B in Feb 2025 Florence Muchai | usagol...
ECB cuts interest rates again, says they want nothing to do with Bitcoin Jai Hamid | usagoldmines.co...
Grayscale files for spot XRP ETF Enacy Mapakame | usagoldmines.com
Ross Ulbricht lost $12M from the value of his ROSS meme token Hristina Vasileva | usagoldmines.com
XRP Lawsuit: Ripple’s XRP Community Celebrates Gensler’s Exit, But There’s a Catch Newton Gitonga | ...
Stability Meets Innovation – Lightchain AI’s Presale in the Wake of Trump’s Meme Coins Cryptopolitan...
3 Must-Have Coins for Early 2025 Gains Cryptopolitan Media | usagoldmines.com
This $0.01 Coin Could Be the Next 14x Investment Opportunity Cryptopolitan Media | usagoldmines.com
Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming Scott Ma...
Ross Ulbricht Wallet Woes: Accidental Transaction Tanks Pumpfun Coin By $12M Ronaldo Marquez | usago...
Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means Sebastian...
Czech Central Bank Governor To Propose Stunning $7 Billion Bitcoin Reserve Plan Brenda Ngari | usago...
Ripple’s XRP Decouples from Altcoins as Institutional Adoption Grows – Can the Trend Hold? Muthoni M...
Solana and Tron Price Record Slow Growth, Will Bulls Hold The Forte? Aliyu Pokima | usagoldmines.com
Coinbase Adds Trump’s Campaign Manager to ‘High-Profile’ Advisory Council Sujha Sundararajan | usago...
Chainalysis Report: Market Manipulation Impacts Billions in Crypto Trading Volume Rachel Wolfson | u...
Grayscale Launches Bitcoin Mining ETF on NYSE Arca Tanzeel Akhtar | usagoldmines.com
Solana Price Prediction; How Sol Price Could Hit Under $100 In March If These Two Things Happen. Wha...
DOGE, POPCAT, and PEPETO Leads Gains in the 2025 Memecoin Space Cryptopolitan Media | usagoldmines.c...
Sorry, but the US economy is much safer with Jerome Powell than it is with President Trump Jai Hamid...
Solo miner with FutureBit node earns the whole 3.125 BTC reward Hristina Vasileva | usagoldmines.com
Solana Restested A Key Level And Now Faces Resistance – Breakout Next? Sebastian Villafuerte | usago...
5 New Crypto to Explode as Trump Starts New Crypto Venture with Charles Schwab Krishi Chowdhary | us...
Must-See Crypto Charts: Analyst Reveals What You Can’t Afford To Miss Jake Simmons | usagoldmines.co...
Pump.fun flips Solana and Ethereum in 30-day revenue Collins J. Okoth | usagoldmines.com