{"id":116348,"date":"2024-10-20T14:20:47","date_gmt":"2024-10-20T07:20:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=116348"},"modified":"2024-10-20T14:20:47","modified_gmt":"2024-10-20T07:20:47","slug":"solana-assessing-if-sol-can-successfully-cross-the-160-level","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=116348","title":{"rendered":"Solana: Assessing if SOL can successfully cross the $160 level"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em>Solana was consolidating at $154 after a 6% rise.<\/em><\/li>\n<li><em>Whale activity and social dominance rose, but a 51.96% short position ratio suggested market caution.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/predictions\/solana-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Solana [SOL]<\/a>\u00a0 has witnessed an impressive bullish run, <a href=\"https:\/\/coinmarketcap.com\/currencies\/solana\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">gaining<\/a> over 6% this week. The altcoin even closed above its previous weekly high, driving optimism among market participants.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of writing, the altcoin was consolidating at $154, building bullish momentum. <\/span>Many analysts believe that this is the calm before the storm, as SOL inches ever closer to testing the key $160 resistance level.<\/p>\n<div id=\"attachment_434843\" style=\"width: 1324px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SOLUSD_2024-10-19_16-05-09_79ef1.png\" data-wpel-link=\"internal\"><img fetchpriority=\"high\" decoding=\"async\" aria-describedby=\"caption-attachment-434843\" class=\"wp-image-434843 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SOLUSD_2024-10-19_16-05-09_79ef1.png\" alt=\"\" width=\"1314\" height=\"797\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SOLUSD_2024-10-19_16-05-09_79ef1.png 1314w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SOLUSD_2024-10-19_16-05-09_79ef1-300x182.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SOLUSD_2024-10-19_16-05-09_79ef1-1024x621.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SOLUSD_2024-10-19_16-05-09_79ef1-768x466.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SOLUSD_2024-10-19_16-05-09_79ef1-1200x728.png 1200w\" sizes=\"(max-width: 1314px) 100vw, 1314px\"\/><\/a><\/p>\n<p id=\"caption-attachment-434843\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<h2>Solana whales on the move<\/h2>\n<p><span style=\"font-weight: 400;\">One of the key factors driving Solana\u2019s bullish run is whale activity. AMBCrypto analysis on the Santiment data indicated that whales holding more than 5 million SOL owned 56.80% of the supply at press time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This increased involvement by large holders is typically seen as a positive sign for upward price movement.<\/span><\/p>\n<div id=\"attachment_434842\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-434842\" class=\"wp-image-434842 size-full\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-434842\" class=\"wp-image-434842 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.24-19-Oct-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-434842\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h2>Social mentions pushes Solana to the forefront<\/h2>\n<p><span style=\"font-weight: 400;\">Social media buzz added to the aforementioned market sentiment, with Solana leading the pack. The altcoin\u2019s Social Dominance has jumped to 3.72%, indicating the immense attention the altcoin attracts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In most cases, this rise in social chatter implies the increased interest of both retail investors and institutions alike, supporting a bullish breakout.<\/span><\/p>\n<div id=\"attachment_434841\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-434841\" class=\"wp-image-434841 size-full\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-434841\" class=\"wp-image-434841 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Solana-SOL-16.05.28-19-Oct-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-434841\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h2>Bears are slightly gaining control<\/h2>\n<p><span style=\"font-weight: 400;\">Despite the positive outlook, the Solana Long\/Short Ratio is highly conservative. According to Coinglass, 51.96% of market participants were going short at press time, an indication of high skepticism in the market. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This could mean that while the majority are optimistic of Solana\u2019s future, there are still concerns about its ability to break the $160 resistance.<\/span><\/p>\n<div id=\"attachment_434844\" style=\"width: 1252px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-434844\" class=\"wp-image-434844 size-full\" alt=\"\" width=\"1242\" height=\"324\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio.jpg 1242w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-300x78.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-1024x267.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-768x200.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-1200x313.jpg 1200w\" data-lazy-sizes=\"(max-width: 1242px) 100vw, 1242px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio.jpg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-434844\" class=\"wp-image-434844 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio.jpg\" alt=\"\" width=\"1242\" height=\"324\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio.jpg 1242w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-300x78.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-1024x267.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-768x200.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/solana-Long-short-ratio-1200x313.jpg 1200w\" sizes=\"auto, (max-width: 1242px) 100vw, 1242px\"\/><\/a><\/p>\n<p id=\"caption-attachment-434844\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/solana-price-prediction\" data-wpel-link=\"internal\">Solana\u2019s [SOL] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">With whales getting more active and social dominance on the rise, Solana does look set for further uptick. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the fact that over half of market participants are still holding short positions shows caution is still in order.\u00a0<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"previous-blog\">\nPrevious: <a href=\"https:\/\/ambcrypto.com\/ethena-this-signals-60-rally-ahead-time-to-buy-ena\/\" rel=\"next\" data-wpel-link=\"internal\">Ethena: THIS signals 60% rally ahead \u2013 Time to buy ENA?<\/a> <\/div>\n<div class=\"next-blog\">\nNext: <a href=\"https:\/\/ambcrypto.com\/bitcoin-fees-surge-over-200-as-runes-transactions-drive-network-activity\/\" rel=\"prev\" data-wpel-link=\"internal\">Bitcoin fees surge over 200% as Runes transactions drive network activity<\/a> <\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/solana-assessing-if-sol-can-successfully-cross-the-160-level\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana was consolidating at $154 after a 6% rise. Whale activity and social dominance rose, but a 51.96% short position ratio suggested market caution. Solana [SOL]\u00a0 has witnessed an impressive &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=116348\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-116348","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116348"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116348\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}