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 Solana's stock price began a new round of decline after falling below the $150 area. SOL price is currently consolidating below $150 and may fall further below $142.
Solana price drops againSolana Price Failed to Hold Above $162 and Like Bitcoin and Ethereum A new round of decline begins. SOL fell below the $155 and $150 support levels. The decline gained momentum after the price fell below $150. The price formed a low near $141 and is currently consolidating losses. Although the price has recovered somewhat, it is still below the 23.6% Fibonacci retracement level of the decline from the $172 high to $141 low. Solana is currently trading below $150 and below the 100 hourly simple moving average. On the upside, immediate resistance is near $148. Additionally, a key downtrend line is forming on the hourly chart of SOL/USD, with resistance also located at $148.  The next major resistance is near $152. Major resistance is likely to be seen at $160 and the 61.8% Fibonacci retracement level of the decline from the $172 high to $141 low. A successful close above the $160 resistance zone could set the stage for the next round of solid gains. The next key resistance level is $172. Any further gains could push the price towards $180. SOL (cruise time) down again?If SOL fails to break the $152 resistance, the decline is likely to continue. Initial support on the downside is near $142. The first major support level is near $140. If it breaks below the $140 mark, the price may test towards the $132 support area. If the price closes below the $132 support, the price may fall further towards the $120 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 – $142 and $140. Major resistance levels – $148 and $152. The next market trend is particularly critical, and opportunities are fleeting! Don't let hesitation hold back your wealth dreams, and don't let the trap of air coins swallow up your principal! Scan the QR code below to take you through the entire bull market! Joining us means standing on the shoulders of giants and seizing the opportunity to get rich. If you miss it, you may miss the opportunity a hundred times! Many friends still don’t understand the current market. It’s hard to buy at the second level, and they don’t understand at the first level. You can join us! Level one feeding tutorial, level two real-time entry and exit points and position allocation details, a group of professional people will serve you! You can follow me or add me on WeChat below! Welcome everyone to join my group to discuss and exchange information! VX: suiyue3786, backup VX: LS688677   |
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