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Solana (SOL) stock price plummets to $150, can the bulls prevent further declines?  Solana's stock price started a new round of decline after falling below the $165 area. SOL price is currently consolidating below $165 and may fall further below $150.
Solana price drops sharplySolana’s price failed to stabilize above $180 and started a fresh decline as… Bitcoin and Ethereum SOL fell below the $175 and $165 support levels. The decline gained momentum after the price fell below $160. The price formed a low near $145 and is currently consolidating losses. The price moved slightly above the 23.6% Fibonacci retracement level of the decline from the $188 high to $145 low. Solana is currently trading below $160 and below the 100 hourly simple moving average. On the upside, immediate resistance is near $158. Additionally, a key downtrend line is forming on the hourly chart of SOL/USD, with resistance also located at $158.  The next major resistance is near $162. Major resistance is likely to be seen at $166 and the 50% Fibonacci retracement level of the decline from the $188 high to $145 low. A successful close above the $166 resistance zone could set the stage for the next round of solid gains. The next key resistance level is $175. Any further gains could push the price towards $180. SOL (cruise time) down again?If SOL fails to break above the $166 resistance, the decline is likely to continue. Initial support on the downside is near $155. The first major support level is near $150. If it breaks below the $150 mark, the price may test towards the $145 support area. If the price closes below the $145 support, the price may fall further towards the $132 support in the short term. Technical indicators Hourly MACD – The MACD indicator for SOL/USD is accelerating in bearish territory. Hourly RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major support levels – $155 and $150. Major resistance levels – $162 and $166. Click on the blue text Follow us  Part.1 High return   50~90% understand everything! We have long-term and in-depth cooperation with major platforms. If you need help, please contact me privately! Top-notch rebates from major firms! Officially open! Safe and stable, large quantity can be discussed! ! ! Find the head and avoid detours. Part.2 AI Quantitative Robotics  The AI robot quantitative strategy automatic trading system can provide a full range of system robots! Anyone in need is welcome to consult! ! ! Part.3 Foreign exchange MT5 investment promotion   Foreign exchange investment: MetaQuotes MT5 Conditions: Provide 100% market maker authority to high-quality agents! (The platform only reserves a very low selling order cost, and all 100 is given to the market maker for selection! Industry's top ceiling conditions and system follow-up advantages) Compliant, licensed and supervised by multiple countries, stable and safe! Log in to the AstralX digital currency trading platform simultaneously! More flexibility and freedom of entry and exit! Provides a full range of follow-up systems/EA/quantitative strategies/robots! Anyone in need is welcome to consult! ! ! Part.4 International futures (internal and external trading) investment promotion   International futures/internal and external markets/BoYi/Zhixing International futures main account sub-account/Yisheng/Polestar/Zhixing/Build/(conditions 90/95/100%/reserve 2~4 US dollars, large amount can be negotiated) Provides a full range of follow-up systems/EA/quantitative strategies/robots! Anyone in need is welcome to consult! ! ! Disclaimer: All the content of this ID editor comes from his own or quoted from public reports in the media! If there is any infringement, please contact us to delete it! The content and views are for reference only and do not provide any practical opinions and suggestions! The content of this article does not provide any guidance or influence, please read with caution! The market is risky, so be cautious when entering the market!  Welcome to consult  丨If you need a platform or provide AI robot technology, please consult us. AuG999Q    |
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