Top 100 Coins
Trending Cryptos
Performance
Recently Listed
Gainers
All Categories
All Time High
Blockchains
Global Market Data
Ecosystems
Research
Rewards
Heatmaps
Drop Hunting
Alerts
Converter
Widgets
Market Data API
Futures and Options
Affiliate Program
Solana (SOL) Continues to Fall — Is a Reversal in Sight?
Share:
Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level.
- SOL price started a fresh decline from the $172 resistance zone against the US Dollar.
- The price is now trading below $162 and the 100-hourly simple moving average.
- There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken).
- The pair could start a fresh increase if it clears the $160 resistance zone.
Solana Price Dips Again
Solana price failed to continue higher above the $172 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $160 support level.
The price even traded below the $155 level. A low was formed near $150 and the price recently started a recovery wave. There was a move above the $155 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $150 low.
Solana is now trading below $160 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair.
On the upside, the price is facing resistance near the $160 level and the trend line. The next major resistance is near the $165 level. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $150 low.
The main resistance could be $170. A successful close above the $170 resistance zone could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level.
Another Decline in SOL?
If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone. The first major support is near the $152 level.
A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.
Major Support Levels – $155 and $152.
Major Resistance Levels – $160 and $162.
In This News
Coins
$ 87.24K
+1.11%
$ 0.157
+5.72%
$ 2.97K
+4.53%
$ 0.00...361
$ 0.000207
Share:
In This News
Coins
$ 87.24K
+1.11%$ 0.157
+5.72%$ 2.97K
+4.53%$ 0.00...361
$ 0.000207
Share:
Read More
Solana (SOL) Fights to Hold $120—Is the Next Move Lower?
Solana (SOL) Loses Momentum—Could Sellers Take Control Again?
Solana (SOL) Continues to Fall — Is a Reversal in Sight?
Share:
Solana started a fresh decline from the $172 zone. SOL price is now moving lower and might decline further below the $155 level.
- SOL price started a fresh decline from the $172 resistance zone against the US Dollar.
- The price is now trading below $162 and the 100-hourly simple moving average.
- There is a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair (data source from Kraken).
- The pair could start a fresh increase if it clears the $160 resistance zone.
Solana Price Dips Again
Solana price failed to continue higher above the $172 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $160 support level.
The price even traded below the $155 level. A low was formed near $150 and the price recently started a recovery wave. There was a move above the $155 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $150 low.
Solana is now trading below $160 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $160 on the hourly chart of the SOL/USD pair.
On the upside, the price is facing resistance near the $160 level and the trend line. The next major resistance is near the $165 level. It is close to the 50% Fib retracement level of the recent decline from the $180 swing high to the $150 low.
The main resistance could be $170. A successful close above the $170 resistance zone could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level.
Another Decline in SOL?
If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone. The first major support is near the $152 level.
A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.
Major Support Levels – $155 and $152.
Major Resistance Levels – $160 and $162.
In This News
Coins
$ 87.24K
+1.11%$ 0.157
+5.72%$ 2.97K
+4.53%$ 0.00...361
$ 0.000207
Share:
In This News
Coins
$ 87.24K
+1.11%$ 0.157
+5.72%$ 2.97K
+4.53%$ 0.00...361
$ 0.000207
Share:
Read More
Solana (SOL) Fights to Hold $120—Is the Next Move Lower?