{"id":8560,"date":"2023-12-21T17:17:05","date_gmt":"2023-12-21T17:17:05","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8560"},"modified":"2023-12-21T17:17:05","modified_gmt":"2023-12-21T17:17:05","slug":"will-solana-have-a-3-digit-price-tag","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/will-solana-have-a-3-digit-price-tag\/","title":{"rendered":"Will Solana Have a 3 Digit Price Tag ?"},"content":{"rendered":"<p><strong>Solana (SOL)<\/strong>\u00a0price analysis, we will analyze past price movements through charts and technical indicators. We will determine support and resistance levels and <strong>guide investors<\/strong> in their buying and selling decisions.<\/p>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/digital-ruble-added-to-tax-law-in-russia\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong><em>Digital Ruble Added to Tax Law in Russia!<\/em><\/strong><\/span><\/a><\/p><\/blockquote>\n<p>We believe that the <strong>recent rise of Solana<\/strong> was influenced by developments in its ecosystem. In particular, \u200bthe successful outcomes of the <strong>airdrops<\/strong> conducted in recent days, the complete sale of the <strong>Saga<\/strong> phone, and the successful results of the <strong>Bonk<\/strong> and <strong>Jito<\/strong> airdrops show that the <strong>Solana<\/strong> ecosystem maintains its strength. The success of these technological developments was reflected in the price performance of Solana.<\/p>\n<p>With the <strong>downfall of FTX<\/strong>, the price tag of <strong>SOL<\/strong> dropped <strong>to $8<\/strong>. However, the confidence that <strong>Solana&#8217;s<\/strong> technology provides to investors has made this decline ineffective. After a challenging period at the $8 level, Solana again showed a strong performance that satisfied investors. This situation shows that <b>Solana is successful<\/b>\u00a0not only technologically but also in terms of market confidence and investor support.<\/p>\n<h2>Solana Technical Analysis<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8567 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Solana-SOL.png\" alt=\"Solana (SOL)\" width=\"768\" height=\"439\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Solana-SOL.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/Solana-SOL-300x171.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Looking at the technical analysis side, <strong>Solana<\/strong>, after exceeding the <strong>$50<\/strong> level, managed to carry its price tag up to <strong>$85<\/strong> levels within a rising trend structure with two different formations. At first, it formed the <strong>head and shoulders<\/strong> formation, but because it couldn&#8217;t break upward, an extra formation structure was generated, and it made a <strong>double bottom<\/strong>.<\/p>\n<p>With the rise yesterday, <strong>Solana<\/strong> which had a break upward can have the potential for a rise up to the <strong>$94<\/strong> to <strong>$100<\/strong> price range unless it breaks below the <strong>$84.40<\/strong> level. We are aware that the formations do not target the same levels, but on average, the <strong>$115<\/strong> level stands out as the position where Solana can rise.<\/p>\n<p>If it starts to close candles below <strong>$84.40<\/strong>, first we might see levels down to <strong>$78<\/strong> and later a drop to the <strong>$60<\/strong> level.<\/p>\n<hr \/>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube\u00a0\u00a0<\/strong><\/a>and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL)\u00a0price analysis, we will analyze past price movements through charts and technical indicators. We will determine support and resistance levels and guide investors in their buying and selling decisions. You might like: Digital Ruble Added to Tax Law in Russia! We believe that the recent rise of Solana was influenced by developments in its<\/p>\n","protected":false},"author":1,"featured_media":8559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[496,3116,1767],"class_list":["post-8560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-ftx","tag-investor","tag-solana-sol"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will Solana Have a 3 Digit Price Tag ? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Solana (SOL)\u00a0price analysis, we will analyze past price movements through charts and technical indicators.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/will-solana-have-a-3-digit-price-tag\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Solana Have a 3 Digit Price Tag ? 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