{"id":468905,"date":"2023-12-29T21:43:04","date_gmt":"2023-12-29T21:43:04","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=468905"},"modified":"2023-12-29T21:43:04","modified_gmt":"2023-12-29T21:43:04","slug":"solana-price-prediction-for-today-december-29-sol-technical-analysis","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-for-today-december-29-sol-technical-analysis","title":{"rendered":"Solana Price Prediction for Today, December 29 &#8211; SOL Technical Analysis"},"content":{"rendered":"<p>The Solana price prediction reveals that SOL may continue to follow the bullish movement as the coin hovers at the $107.7 level.<\/p>\n<h2>Solana Prediction Statistics Data:<\/h2>\n<ul>\n<li>Solana price now &ndash; $107.7<\/li>\n<li>Solana market cap &ndash; $45.8 billion<\/li>\n<li>Solana circulating supply &ndash; 429.17 million<\/li>\n<li>Solana total supply &ndash; 565.8 million<\/li>\n<li>Solana Coinmarketcap ranking &ndash; #5<\/li>\n<\/ul>\n<h2>SOL\/USD Market<\/h2>\n<p>Key Levels:<\/p>\n<p>Resistance levels: $135, $145, $155<\/p>\n<p>Support levels: $80, $70, $60<\/p>\n<figure id=\"attachment_468908\" aria-describedby=\"caption-attachment-468908\" style=\"width: 1401px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-468908 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLUSD_18122023.png\" alt=\"Solana Price Prediction for Today, December 29 - SOL Technical Analysis\" width=\"1401\" height=\"744\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLUSD_18122023.png 1401w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLUSD_18122023-300x159.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLUSD_18122023-1024x544.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLUSD_18122023-768x408.png 768w\" sizes=\"(max-width: 1401px) 100vw, 1401px\"><figcaption id=\"caption-attachment-468908\" class=\"wp-caption-text\">SOLUSD &ndash; Daily Chart<\/figcaption><\/figure>\n<p>According to the daily chart, <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-solana\">SOL\/USD<\/a> is moving to touch the resistance level of $110 as the coin begins the upward movement. However, traders can see that this crypto&rsquo;s difficult period is over as it is trying to create a new trend. The Solana price is currently trading at $107.77 after touching the daily high of $108.64 above the 9-day and 21-day moving averages.<\/p>\n<h2>Solana Price Prediction: Solana (SOL) Gets Ready for the North<\/h2>\n<p>At the time of writing, the <a href=\"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-for-today-december-10-sol-technical-analysis\">Solana price<\/a> is beginning to create a new uptrend. A break above the resistance level of $120 could encourage more buyers to increase their entries, which could later push the price towards the resistance levels of $135, $145, and $155. On the downside, any bearish movement below the 9-day and 21-day moving averages could gain traction with the next focus at $95 support.<\/p>\n<p>Moreover, if the support level of $90 is broken, the downside pressure may increase while the critical supports may be located at $80, $70, and $60. The 9-day moving average keeps hovering above the 21-day moving average which confirms the bullish movement within the channel.<\/p>\n<h2>SOL\/BTC May Reclaim the Uptrend<\/h2>\n<p>Against Bitcoin, the <a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" rel=\"nofollow\">Solana<\/a> price is hovering above the 9-day and 21-day moving averages. Meanwhile, a daily close above this barrier may encourage the bulls to extend the rally above the upper boundary of the channel which may locate the resistance level of 3200 SAT and above. On the contrary, any bearish close below the lower boundary of the channel could reverse the Solana price direction toward the daily support at 2000 SAT.<\/p>\n<figure id=\"attachment_468907\" aria-describedby=\"caption-attachment-468907\" style=\"width: 1401px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-468907 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLBTC_18122023.png\" alt=\"Solana Price Prediction for Today, December 29 - SOL Technical Analysis\" width=\"1401\" height=\"744\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLBTC_18122023.png 1401w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLBTC_18122023-300x159.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLBTC_18122023-1024x544.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/SOLBTC_18122023-768x408.png 768w\" sizes=\"(max-width: 1401px) 100vw, 1401px\"><figcaption id=\"caption-attachment-468907\" class=\"wp-caption-text\">SOLBTC &ndash; Daily Chart<\/figcaption><\/figure>\n<p>However, any further bearish movement could take the coin to the support of 1800 SAT and below. Meanwhile, there is a possibility that SOL\/BTC may continue the bullish trend as the 9-day MA remains above the 21-day MA to indicate bullish movement.<\/p>\n<h2>Alternatives to Solana<\/h2>\n<p>The likelihood of Solana&rsquo;s price concluding above the upper channel boundary is high if buyers intensify their pressure. Nevertheless, as the coin sustains its positive momentum, there is a possibility that the market price may encounter a resistance level of around $23 before securing further gains.<\/p>\n<p>However, investors are urged to explore the possibilities offered by <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\">Bitcoin Minetrix<\/a>, a cutting-edge token that successfully raised an astounding $6.6 million during its initial coin offering. As it rapidly sells out, it presents a notable contrast to Solana (SOL), a cryptocurrency ranked 5th in the market with a market cap of $45.8 billion which may not have much significance because of its big size.<\/p>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Solana price prediction reveals that SOL may continue to follow the bullish movement as the coin hovers at the $107.7 level. Solana Prediction Statistics <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-for-today-december-29-sol-technical-analysis\" title=\"Solana Price Prediction for Today, December 29 &#8211; SOL Technical Analysis\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":468906,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[12214,10639,12580,7992],"class_list":["post-468905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-sol","tag-solana","tag-solusd","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Price Prediction for Today, December 29 - SOL Technical Analysis<\/title>\n<meta name=\"description\" content=\"The Solana price prediction reveals that SOL may continue to follow the bullish movement as the coin hovers at the $107.7 level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/468905\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Price Prediction for Today, December 29 - SOL Technical Analysis\" \/>\n<meta property=\"og:description\" content=\"The Solana price prediction reveals that SOL may continue to follow the bullish movement as the coin hovers at the $107.7 level.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-29T21:43:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/solana-sol-logo-1-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/468905#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/468905\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"Solana Price Prediction for Today, December 29 &#8211; 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