{"id":9014,"date":"2025-12-20T19:13:08","date_gmt":"2025-12-20T19:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/solana-price-approaches-130-whats-behind-the-recent-surge\/"},"modified":"2025-12-20T19:13:08","modified_gmt":"2025-12-20T19:13:08","slug":"solana-price-approaches-130-whats-behind-the-recent-surge","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/solana-price-approaches-130-whats-behind-the-recent-surge\/","title":{"rendered":"Solana Price Approaches $130: What\u2019s Behind The Recent Surge?"},"content":{"rendered":"

The Solana price has shown encouraging signs of recovery, climbing 6% on Friday to approach the $126 mark. This uptick follows a concerning dip below the crucial $120 level, which had sparked fears of a potential downtrend that could drag the cryptocurrency down toward the $100 threshold.<\/p>\n

Solana Price Gains Ground<\/h2>\n

Chris MacDonald, an analyst at The Motley Fool, recently highlighted <\/a>two key factors contributing to Solana’s resurgence. One significant catalyst is a proactive initiative by the Solana Foundation.\u00a0<\/p>\n

Bitcoinist reported <\/a>earlier this week that the organization is currently assessing whether its network can withstand potential threats from quantum computing technologies.\u00a0<\/p>\n

In collaboration with Project Eleven, a security firm specializing in post-quantum cryptography, the Solana team has launched a quantum-resistant testnet following a comprehensive threat assessment.\u00a0<\/p>\n

The second notable factor driving the Solana price uptick is the announcement from health and wellness company Mangoceuticals, which revealed plans to allocate $100 million toward acquiring and holding SOL.\u00a0<\/p>\n

Despite the positive momentum, experts caution that Solana’s price is currently following a \u201cclean corrective structure.\u201d\u00a0<\/p>\n

Moving Averages Signal Downtrend<\/h2>\n

From a technical analysis perspective, the 50-day simple moving average (SMA) is situated around $143, significantly higher than the current trading range, while the 200-day SMA looms even further at approximately $170, suggesting a prevailing downtrend rather than a healthy consolidation phase.<\/p>\n

In the short term, the 20-day exponential moving average has also rolled over near $133 and has consistently rejected previous attempts at a bounce.\u00a0<\/p>\n

Analysts note that until the Solana price can close above the low-$130s for an extended period, any rebounds will likely be seen merely as counter-trend movements.\u00a0<\/p>\n

Immediate support lies just below current trading levels at the $125 mark, followed by critical levels in the $121\u2013$120 range, and another demand zone around $110.\u00a0<\/p>\n

A more significant downturn could push the price into the high $90s, with projections indicating a potential dip to around $80 if liquidations accelerate further, as NewsBTC reported on Thursday.<\/p>\n

The market has already registered an eight-month low near $116.9. A decisive close beneath that level could likely drag the Solana price toward the psychologically significant $100 mark.\u00a0<\/p>\n

On the upside, the Solana price could encounter initial resistance clustered in the $133\u2013$138 range, with stronger resistance observed in higher levels between $144 and $147 that could prevent any new recoveries in the short-term. <\/p>\n

To facilitate further price recovery, the Solana price will need to clear that second group of resistance levels on a daily close, ideally supported by increased trading volume, to pave the way toward prices between $160 and $165.<\/p>\n

\"Solana<\/p>\n

Featured image from DALL-E, chart from TradingView.com <\/p>\n","protected":false},"excerpt":{"rendered":"

The Solana price has shown encouraging signs of recovery, climbing 6% on Friday to approach the $126 mark. This uptick follows a concerning dip below the crucial $120 level, which had sparked fears of a potential downtrend that could drag the cryptocurrency down toward the $100 threshold. Solana Price Gains Ground Chris MacDonald, an analyst…<\/p>\n","protected":false},"author":1,"featured_media":9015,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[205],"tags":[36,85,43,200,404,405,82,381,209,210,211,811,4270,214],"class_list":["post-9014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-crypto","tag-crypto-market","tag-crypto-news","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-sol","tag-solana-news","tag-solana-price","tag-solana-price-analysis","tag-solana-price-forecast","tag-solana-price-news","tag-solusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/9014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=9014"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/9014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/9015"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=9014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=9014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=9014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}