Solana failed to settle above $132 and extended losses. SOL price is now consolidating losses below $130 and might struggle to start a recovery wave. SOL price started a fresh decline below $132 and $130 against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $126 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $118 or $115. Solana Price Dips Further Solana price failed to remain stable above $132 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $130 and $126 support levels. The price gained bearish momentum below $122. A low was formed at $117, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $132 swing high to the $117 low. Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $125 level or the 50% Fib retracement level of the downward move from the $132 swing high to the $117 low. The next major resistance is near the $126 level. There is also a key bearish trend line forming with resistance at $126 on the hourly chart of the SOL/USD pair. The main resistance could be $132. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $144 level. Another Drop In SOL? If SOL fails to rise above the $126 resistance, it could continue to move down. Initial support on the downside is near the $119 zone. The first major support is near the $117 level. A break below the $117 level might send the price toward the $115 support zone. If there is a close below the $115 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $117 and $115. Major Resistance Levels – $126 and $132.
Solana failed to settle above $140 and nosedived. SOL price is now consolidating losses below $135 and might struggle to start a recovery wave. SOL price started a fresh decline below $136 and $135 against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $128 or $125. Solana Price Dips Further Solana price failed to remain stable above $140 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $138 and $135 support levels. The price gained bearish momentum below $132. A low was formed at $124, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $124 low. Solana is now trading below $135 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $134 level or the 50% Fib retracement level of the downward move from the $143 swing high to the $124 low. The next major resistance is near the $136 level. The main resistance could be $138. There is also a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair. A successful close above the $138 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. Another Decline In SOL? If SOL fails to rise above the $133 resistance, it could continue to move down. Initial support on the downside is near the $129 zone. The first major support is near the $125 level. A break below the $125 level might send the price toward the $120 support zone. If there is a close below the $120 support, the price could decline toward the $112 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $129 and $125. Major Resistance Levels – $133 and $138.
Solana failed to settle above $145 and nosedived. SOL price is now consolidating losses below $135 and might decline further below $130. SOL price started a fresh decline below $138 and $135 against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $140 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $132 or $130. Solana Price Dips Again Solana price failed to remain stable above $142 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $140 and $138 support levels. The price gained bearish momentum below $135. A low was formed at $130, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $130 low. Solana is now trading below $135 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $135 level. The next major resistance is near the $136 level or the 50% Fib retracement level of the downward move from the $143 swing high to the $130 low. The main resistance could be $140. There is also a key bearish trend line forming with resistance at $140 on the hourly chart of the SOL/USD pair. A successful close above the $140 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. Another Decline In SOL? If SOL fails to rise above the $136 resistance, it could continue to move down. Initial support on the downside is near the $132 zone. The first major support is near the $130 level. A break below the $130 level might send the price toward the $122 support zone. If there is a close below the $122 support, the price could decline toward the $115 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 – $132 and $130. Major Resistance Levels – $136 and $140.
Solana failed to stay above $146 and corrected gains. SOL price is now trading below $145 and might find bids near the $140 zone. SOL price started a downside correction below $145 against the US Dollar. The price is now trading below $145 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $141 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $140 zone. Solana Price Starts Downside Correction Solana price failed to surpass $150 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $146 and $145 to enter a short-term bearish zone. There was a move below the 61.8% Fib retracement level of the upward wave from the $138 swing low to the $149 high. However, the bulls are active above $140. Besides, there is a bullish trend line forming with support at $141 on the hourly chart of the SOL/USD pair. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $144 level. The next major resistance is near the $146 level. The main resistance could be $148. A successful close above the $148 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level. More Losses In SOL? If SOL fails to rise above the $146 resistance, it could start another decline. Initial support on the downside is near the $141 zone and the trend line. The first major support is near the $140 level and the 76.4% Fib retracement level of the upward wave from the $138 swing low to the $149 high. A break below the $140 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $124 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 – $141 and $140. Major Resistance Levels – $146 and $148.
Solana started a fresh increase above the $142 zone. SOL price is now consolidating above $142 and might aim for more gains above the $150 zone. SOL price started a fresh upward move above the $142 and $145 levels against the US Dollar. The price is now trading above $142 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $140 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $150 resistance zone. Solana Price Starts Fresh Surge Solana price started a decent increase after it settled above the $135 zone, like Bitcoin and Ethereum. SOL climbed above the $140 level to enter a short-term positive zone. The price even smashed the $142 resistance. The bulls were able to push the price above $145. A high was formed at $148, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $138 swing low to the $148 high. Solana is now trading above $142 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $140 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $148. The next major resistance is near the $150 level. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $170 level. Downside Correction In SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $144 zone. The first major support is near the $143 level or the 50% Fib retracement level of the recent upward move from the $138 swing low to the $148 high. A break below the $143 level might send the price toward the $140 support zone and the trend line. If there is a close below the $140 support, the price could decline toward the $135 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $144 and $140. Major Resistance Levels – $148 and $150.
Solana started a fresh increase above the $140 zone. SOL price is now consolidating above $140 and might aim for more gains above the $145 zone. SOL price started a fresh upward move above the $140 and $142 levels against the US Dollar. The price is now trading above $140 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $145 resistance zone. Solana Price Outperforms Bitcoin Solana price started a decent increase after it settled above the $132 zone, outperforming Bitcoin and Ethereum. SOL climbed above the $138 level to enter a short-term positive zone. The price even smashed the $140 resistance. The bulls were able to push the price above $142. A high was formed at $144, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $135 swing low to the $144 high. Solana is now trading above $142 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $138 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $144. The next major resistance is near the $145 level. The main resistance could be $150. A successful close above the $150 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $170 level. Downside Correction In SOL? If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $142 zone. The first major support is near the $140 level or the 50% Fib retracement level of the recent upward move from the $135 swing low to the $144 high. A break below the $140 level might send the price toward the $138 support zone and the trend line. If there is a close below the $138 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 bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $140 and $138. Major Resistance Levels – $145 and $150.
Solana started a fresh increase above the $136 zone. SOL price is now consolidating above $138 and might aim for more gains above the $142 zone. SOL price started a fresh upward move above the $136 and $138 levels against the US Dollar. The price is now trading above $138 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $142 resistance zone. Solana Price Regains Traction Solana price corrected gains from the $144 zone but remained stable above the $130 zone, beating Bitcoin and Ethereum. SOL formed a low near $132 and started a fresh upward move. The price climbed above the $135 level to enter a short-term positive zone. It surpassed the 50% Fib retracement level of the downward move from the $143 swing high to the $132 low. Besides, there was a break above a bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair. Solana is now trading above $138 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $140 and the 76.4% Fib retracement level of the downward move from the $143 swing high to the $132 low. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could start another decline. Initial support on the downside is near the $138 zone. The first major support is near the $135 level. A break below the $135 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $124 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $138 and $135. Major Resistance Levels – $140 and $142.
Solana started a fresh increase above the $135 zone. SOL price is now consolidating above $135 and might aim for more gains above the $140 zone. SOL price started a fresh upward move above the $135 and $138 levels against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There is a contracting triangle forming with support at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $140 resistance zone. Solana Price Eyes Another Increase Solana price started a decent increase after it settled above the $130 zone, like Bitcoin and Ethereum. SOL climbed above the $135 level to enter a short-term positive zone. The price even smashed the $140 resistance. The bulls were able to push the price above $142. Recently, there were a couple of swing moves and the price dipped below the 50% Fib retracement level of the recent upward move from the $136 swing low to the $141 high. Solana is now trading above $138 and the 100-hourly simple moving average. Besides, there is a contracting triangle forming with support at $138 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $140. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Downside Break In SOL? If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $138 zone, the trend line, and the 76.4% Fib retracement level of the recent upward move from the $136 swing low to the $141 high. The first major support is near the $136 level. A break below the $136 level might send the price toward the $130 support zone. If there is a close below the $130 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $138 and $136. Major Resistance Levels – $140 and $142.
Solana started a fresh increase above the $130 zone. SOL price is now consolidating above $132 and might aim for more gains above the $138 zone. SOL price started a fresh upward move above the $130 and $132 levels against the US Dollar. The price is now trading above $132 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $140 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it settled above the $125 zone, like Bitcoin and Ethereum. SOL climbed above the $130 level to enter a short-term positive zone. The price even smashed the $132 resistance. The bulls were able to push the price above $135. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $123 swing low to the $138 high. Solana is now trading above $135 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $138. The next major resistance is near the $140 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Another Decline In SOL? If SOL fails to rise above the $185 resistance, it could start another decline. Initial support on the downside is near the $134 zone and the trend line. The first major support is near the $130 level and the 50% Fib retracement level of the recent upward move from the $123 swing low to the $138 high. A break below the $130 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $135 and $130. Major Resistance Levels – $138 and $140.
Solana failed to stay above $126 and corrected gains. SOL price is now trading below $125 and might find bids near the $120 zone. SOL price started a downside correction below $125 against the US Dollar. The price is now trading above $125 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $120 zone. Solana Price Starts Downside Correction Solana price failed to surpass $130 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $126 and $125 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $117 swing low to the $127 high. However, the bulls are active near $122. Besides, there is a bearish trend line forming with resistance at $124 on the hourly chart of the SOL/USD pair. Solana is now trading below $125 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $125 level and the trend line. The next major resistance is near the $128 level. The main resistance could be $130. A successful close above the $130 resistance zone could set the pace for another steady increase. The next key resistance is $135. Any more gains might send the price toward the $142 level. More Losses In SOL? If SOL fails to rise above the $125 resistance, it could start another decline. Initial support on the downside is near the $122 zone. The first major support is near the $120 level and the 76.4% Fib retracement level of the upward wave from the $117 swing low to the $127 high. A break below the $120 level might send the price toward the $112 support zone. If there is a close below the $112 support, the price could decline toward the $105 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 – $122 and $120. Major Resistance Levels – $125 and $128.
Solana started a recovery wave above the $120 zone. SOL price is now consolidating and faces hurdles near the $128 zone. SOL price started a decent recovery wave above $122 and $124 against the US Dollar. The price is now trading above $125 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $127 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $128 and $130. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave from $117, like Bitcoin and Ethereum. SOL was able to climb above the $120 level. There was a move above the 50% Fib retracement level of the downward move from the $134 swing high to the $117 low. The bulls even pushed the price above $125. However, the bears remained active near $127. There is also a key bearish trend line forming with resistance at $127 on the hourly chart of the SOL/USD pair. Solana is now trading above $125 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $127 level, and the 61.8% Fib retracement level of the downward move from the $134 swing high to the $117 low. The next major resistance is near the $130 level. The main resistance could be $135. A successful close above the $135 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. Another Decline In SOL? If SOL fails to rise above the $130 resistance, it could continue to move down. Initial support on the downside is near the $125 zone. The first major support is near the $122 level. A break below the $122 level might send the price toward the $117 support zone. If there is a close below the $117 support, the price could decline toward the $108 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $125 and $122. Major Resistance Levels – $128 and $130.
Solana failed to settle above $132 and nosedived. SOL price is now consolidating losses below $130 and might decline further below $120. SOL price started a fresh decline below $130 and $128 against the US Dollar. The price is now trading below $128 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $131 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $122 or $120. Solana Price Dips Again Solana price failed to remain stable above $132 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $130 and $128 support levels. The price gained bearish momentum below $126. A low was formed at $121, and the price is now consolidating losses. The price recovered a few points and tested the 23.6% Fib retracement level of the downward move from the $134 swing high to the $121 low. Solana is now trading below $128 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $125 level. The next major resistance is near the $128 level or the 50% Fib retracement level of the downward move from the $134 swing high to the $121 low. The main resistance could be $130. There is also a key bearish trend line forming with resistance at $131 on the hourly chart of the SOL/USD pair. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $145 level. Another Decline In SOL? If SOL fails to rise above the $128 resistance, it could continue to move down. Initial support on the downside is near the $122 zone. The first major support is near the $120 level. A break below the $120 level might send the price toward the $112 support zone. If there is a close below the $112 support, the price could decline toward the $105 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 – $122 and $120. Major Resistance Levels – $128 and $131.
Solana started a recovery wave above the $126 zone. SOL price is now consolidating and faces hurdles near the $132 zone. SOL price started a decent recovery wave above $126 and $128 against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $130 and $132. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave from $124, like Bitcoin and Ethereum. SOL was able to climb above the $126 level. There was a move above the 23.6% Fib retracement level of the downward move from the $136 swing high to the $124 low. The bulls even pushed the price above $130. However, the bears remained active near $130. There is also a key bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $130 level, the 100-hourly simple moving average, and the 61.8% Fib retracement level of the downward move from the $136 swing high to the $124 low. The next major resistance is near the $132 level. The main resistance could be $135. A successful close above the $135 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. Another Decline In SOL? If SOL fails to rise above the $132 resistance, it could continue to move down. Initial support on the downside is near the $126 zone. The first major support is near the $124 level. A break below the $124 level might send the price toward the $116 support zone. If there is a close below the $116 support, the price could decline toward the $108 zone 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 – $126 and $124. Major Resistance Levels – $130 and $132.
Solana failed to stay above $142 and corrected gains. SOL price is now trading below $140 and might find bids near the $135 zone. SOL price started a downside correction below $142 against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $135 zone. Solana Price Starts Downside Correction Solana price failed to surpass $145 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $142 and $140 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $131 swing low to the $145 high. However, the bulls are active near $136. There is also a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair. Solana is now trading above $135 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $145 level. The main resistance could be $148. A successful close above the $148 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level. More Losses In SOL? If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $136 zone and the 61.8% Fib retracement level of the upward wave from the $131 swing low to the $145 high. The first major support is near the $135 level and the trend line. A break below the $135 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $125 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 – $135 and $132. Major Resistance Levels – $142 and $145.
Solana started a recovery wave above the $132 zone. SOL price is now consolidating and faces hurdles near the $138 zone. SOL price started a decent recovery wave above $130 and $132 against the US Dollar. The price is now trading below $138 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $138 and $140. Solana Price Eyes Upside Break Solana price remained stable and started a decent recovery wave from $128, like Bitcoin and Ethereum. SOL was able to climb above the $130 level. There was a move above the 23.6% Fib retracement level of the downward move from the $147 swing high to the $128 low. Besides, there was a break above a key bearish trend line with resistance at $132 on the hourly chart of the SOL/USD pair. Solana is now trading below $138 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $137 level, the 100-hourly simple moving average, and the 50% Fib retracement level of the downward move from the $147 swing high to the $128 low. The next major resistance is near the $140 level. The main resistance could be $142. A successful close above the $142 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could continue to move down. Initial support on the downside is near the $132 zone. The first major support is near the $130 level. A break below the $130 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $132 and $130. Major Resistance Levels – $138 and $140.
Solana failed to stay above $144 and corrected gains. SOL price is now trading below $140 and might find bids near the $135 zone. SOL price started a downside correction below $140 against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $135 zone. Solana Price Starts Downside Correction Solana price failed to surpass $148 and started a downside correction, beating Bitcoin and Ethereum. SOL dipped below $145 and $144 to enter a short-term bearish zone. There was a move below the 23.6% Fib retracement level of the upward wave from the $123 swing low to the $147 high. Besides, there was a break below a bullish trend line with support at $144 on the hourly chart of the SOL/USD pair. Solana is now trading above $135 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $142 level. The next major resistance is near the $145 level. The main resistance could be $148. A successful close above the $148 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level. More Losses In SOL? If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $135 zone and the 50% Fib retracement level of the upward wave from the $123 swing low to the $147 high. The first major support is near the $132 level. A break below the $132 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $122 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 – $135 and $132. Major Resistance Levels – $142 and $148.
Solana started a fresh increase above the $135 zone. SOL price is now consolidating above $142 and might aim for more gains above the $145 zone. SOL price started a fresh upward move above the $135 and $140 levels against the US Dollar. The price is now trading above $140 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $143 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $145 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it settled above the $128 zone, like Bitcoin and Ethereum. SOL climbed above the $135 level to enter a short-term positive zone. The price even smashed the $140 resistance. The bulls were able to push the price above $142. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $123 swing low to the $146 high. Solana is now trading above $140 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $143 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $145. The next major resistance is near the $148 level. The main resistance could be $150. A successful close above the $150 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $180 level. Another Pullback In SOL? If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $143 zone and the trend line. The first major support is near the $135 level and the 50% Fib retracement level of the recent upward move from the $123 swing low to the $146 high. A break below the $135 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $143 and $135. Major Resistance Levels – $145 and $150.
Solana started a recovery wave above the $135 zone. SOL price is now consolidating and faces hurdles near the $140 zone. SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $140 and $142. Solana Price Jumps 10% Solana price remained stable and started a decent recovery wave above $130, like Bitcoin and Ethereum. SOL was able to climb above the $135 level. There was a move above the 61.8% Fib retracement level of the downward move from the $145 swing high to the $123 low. Besides, there was a break above a key bearish trend line with resistance at $138 on the hourly chart of the SOL/USD pair. Solana is now trading above $135 and the 100-hourly simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $145 swing high to the $123 low. On the upside, immediate resistance is near the $140 level. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level. Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could continue to move down. Initial support on the downside is near the $136 zone and the same trend line. The first major support is near the $134 level. A break below the $134 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $136 and $134. Major Resistance Levels – $140 and $142.
Solana started a fresh decline below the $135 zone. SOL price is now consolidating losses below $130 and might decline further below $125. SOL price started a fresh decline below $135 and $130 against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $125 or $120. Solana Price Dips Further Solana price failed to remain stable above $140 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $135 and $132 support levels. The price gained bearish momentum below $130. A low was formed at $123, and the price is now consolidating losses. The price recovered a few points and tested the 23.6% Fib retracement level of the downward move from the $144 swing high to the $123 low. Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $128 level. The next major resistance is near the $130 level. The main resistance could be $134 or the 50% Fib retracement level of the downward move from the $144 swing high to the $123 low. There is also a key bearish trend line forming with resistance at $136 on the hourly chart of the SOL/USD pair. A successful close above the $136 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $145 level. Another Decline In SOL? If SOL fails to rise above the $130 resistance, it could continue to move down. Initial support on the downside is near the $125 zone. The first major support is near the $122 level. A break below the $122 level might send the price toward the $120 support zone. If there is a close below the $120 support, the price could decline toward the $112 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 – $125 and $122. Major Resistance Levels – $130 and $136.
Solana started a recovery wave above the $135 zone. SOL price is now consolidating and faces hurdles near the $140 zone. SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $132 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $133 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $140 and $142. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave above $130, like Bitcoin and Ethereum. SOL was able to climb above the $135 level. There was a move toward the 61.8% Fib retracement level of the downward move from the $145 swing high to the $121 low. Besides, there is a bullish trend line forming with support at $133 on the hourly chart of the SOL/USD pair. Solana is now trading above $134 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $140 level or the 76.4% Fib retracement level of the downward move from the $145 swing high to the $121 low. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level. Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could continue to move down. Initial support on the downside is near the $133 zone and the trend line. The first major support is near the $128 level. A break below the $128 level might send the price toward the $122 support zone. If there is a close below the $122 support, the price could decline toward the $115 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $133 and $128. Major Resistance Levels – $140 and $145.
Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $135 zone. SOL price started a decent recovery wave above $125 and $128 against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $135 and $140. Solana Price Aims Recovery Solana price remained stable and started a decent recovery wave above $125, like Bitcoin and Ethereum. SOL was able to climb above the $130 level. There was a move toward the 50% Fib retracement level of the downward move from the $145 swing high to the $121 low. Besides, there is a bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair. Solana is now trading above $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $135 level or the 61.8% Fib retracement level of the downward move from the $145 swing high to the $121 low. The next major resistance is near the $140 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level. Another Drop In SOL? If SOL fails to rise above the $135 resistance, it could continue to move down. Initial support on the downside is near the $130 zone. The first major support is near the $127 level. A break below the $127 level might send the price toward the $124 support zone. If there is a close below the $124 support, the price could decline toward the $120 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $130 and $124. Major Resistance Levels – $135 and $140.
Solana started a recovery wave above the $132 zone. SOL price is now consolidating and faces hurdles near the $145 zone. SOL price started a decent recovery wave above $135 and $140 against the US Dollar. The price is now trading above $140 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $140 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $145 and $150. Solana Price Aims Higher Levels Solana price remained stable and started a decent recovery wave above $130, beating Bitcoin and Ethereum. SOL was able to climb above the $135 level. There was a move above the 23.6% Fib retracement level of the downward move from the $172 swing high to the $129 low. Besides, there was a break above a key bearish trend line with resistance at $140 on the hourly chart of the SOL/USD pair. Solana is now trading above $140 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $145 level. The next major resistance is near the $150 level. The main resistance could be $155 and the 61.8% Fib retracement level of the downward move from the $172 swing high to the $129 low. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $165. Any more gains might send the price toward the $172 level. Another Drop In SOL? If SOL fails to rise above the $150 resistance, it could continue to move down. Initial support on the downside is near the $138 zone. The first major support is near the $135 level. A break below the $135 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $138 and $135. Major Resistance Levels – $150 and $155.
Solana started a recovery wave from the $128 zone. SOL price is now consolidating and faces hurdles near the $142 zone. SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $142 and $145. Solana Price Eyes Steady Recovery Solana price remained stable and started a decent recovery wave from $128, like Bitcoin and Ethereum. SOL was able to climb above the $132 pivot level. There was a move above the 23.6% Fib retracement level of the downward move from the $172 swing high to the $128 low. Besides, there was a break above a key bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair. Solana is now trading above $132 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $142 level. The next major resistance is near the $145 level. The main resistance could be $150 and the 50% Fib retracement level of the downward move from the $172 swing high to the $128 low. A successful close above the $150 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $165 level. Another Decline In SOL? If SOL fails to rise above the $142 resistance, it could continue to move down. Initial support on the downside is near the $135 zone. The first major support is near the $132 level. A break below the $132 level might send the price toward the $125 support zone. If there is a close below the $125 support, the price could decline toward the $112 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $135 and $132. Major Resistance Levels – $142 and $145.
Solana started a fresh decline below the $145 zone. SOL price is now consolidating losses below $140 and might decline further below $130. SOL price started a fresh decline below $145 and $140 against the US Dollar. The price is now trading below $140 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $130 or $128. Solana Price Dips Further Solana price failed to remain stable above $155 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $150 and $140 support levels. The price gained bearish momentum below $138. A low was formed at $128, and the price is now consolidating losses. The price recovered a few points above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $128 low. Solana is now trading below $140 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $136 level. There is also a key bearish trend line forming with resistance at $136 on the hourly chart of the SOL/USD pair. The next major resistance is near the $140 level or the 76.4% Fib retracement level of the downward move from the $143 swing high to the $128 low. The main resistance could be $142. A successful close above the $142 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could continue to move down. Initial support on the downside is near the $130 zone. The first major support is near the $128 level. A break below the $128 level might send the price toward the $120 support zone. If there is a close below the $120 support, the price could decline toward the $108 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 – $130 and $128. Major Resistance Levels – $136 and $140.
Solana started a fresh decline below the $150 zone. SOL price is now consolidating losses below $150 and might decline further below $142. SOL price started a fresh decline below $155 and $150 against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $142 or $140. Solana Price Dips Again Solana price failed to remain stable above $162 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $155 and $150 support levels. The price gained bearish momentum below $150. A low was formed at $141, and the price is now consolidating losses. The price recovered a few points but remained below the 23.6% Fib retracement level of the downward move from the $172 swing high to the $141 low. Solana is now trading below $150 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $148 level. There is also a key bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair. The next major resistance is near the $152 level. The main resistance could be $160 and the 61.8% Fib retracement level of the downward move from the $172 swing high to the $141 low. A successful close above the $160 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 $152 resistance, it could continue to move down. Initial support on the downside is near the $142 zone. The first major support is near the $140 level. A break below the $140 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $120 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 – $142 and $140. Major Resistance Levels – $148 and $152.
Solana started a decent upward move above the $165 zone. SOL price is now consolidating and faces hurdles near the $172 zone. SOL price started a decent upward move above $162 and $165 against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There is a rising channel forming with resistance at $175 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $172 and $175. Solana Price Eyes Upside Break Solana price remained stable and started a decent recovery wave above $155, like Bitcoin and Ethereum. SOL was able to climb above the $162 pivot level. There was a move above the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. However, the bears are now active near the $172 resistance zone. There is also a rising channel forming with resistance at $175 on the hourly chart of the SOL/USD pair. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $172 level and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low. The next major resistance is near the $175 level. The main resistance could be $188. A successful close above the $188 resistance zone could set the pace for another steady increase. The next key resistance is $202. Any more gains might send the price toward the $220 level. Another Decline In SOL? If SOL fails to rise above the $172 resistance, it could continue to move down. Initial support on the downside is near the $165 zone. The first major support is near the $162 level. A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $155 support, the price could decline toward the $150 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $175.
Solana started a recovery wave above the $162 pivot zone. SOL price is now consolidating and faces hurdles near the $172 zone. SOL price started a decent upward move above $160 and $162 against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There was a break above a contracting triangle with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $168 and $172. Solana Price Starts Recovery Solana price extended losses below $150 before the bulls appeared, like Bitcoin and Ethereum. SOL tested the $145 zone and recently started a recovery wave. There was a move above the $155 and $162 resistance levels. Besides, there was a break above a contracting triangle with resistance at $162 on the hourly chart of the SOL/USD pair. The pair even spiked above the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $168 level. The next major resistance is near the $172 level or the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low. The main resistance could be $178. A successful close above the $178 resistance zone could set the pace for another steady increase. The next key resistance is $185. Any more gains might send the price toward the $196 level. Another Decline In SOL? If SOL fails to rise above the $172 resistance, it could continue to move down. Initial support on the downside is near the $162 zone. The first major support is near the $160 level. A break below the $160 level might send the price toward the $155 support zone. If there is a close below the $155 support, the price could decline toward the $150 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $155 and $150. Major Resistance Levels – $168 and $172.
Solana started a fresh decline below the $165 pivot zone. SOL price is now attempting to recover and faces hurdles near the $165 zone. SOL price started a fresh decline below $162 and $160 against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $160 and $162. Solana Price Faces Hurdles Solana price extended losses below $150 before the bulls appeared, like Bitcoin and Ethereum. SOL tested the $145 zone and recently started a recovery wave. There was a move above the $150 and $155 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. However, the bears remained active near the $162-$165 resistance zone. Besides, there is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair. Solana is now trading below $162 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $160 level and the trend line. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase. The next key resistance is $172 and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low. 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 continue to move down. Initial support on the downside is near the $150 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 support zone. If there is a close below the $138 support, the price could decline toward the $130 zone 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 – $150 and $145. Major Resistance Levels – $160 and $165.
Solana started a fresh decline below the $162 zone. SOL price is now attempting to recover and faces hurdles near the $166 zone. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $165 and $166. Solana Price Attempts Recovery Wave Solana price failed to remain stable above $175 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $170 and $165 support levels. The price gained bearish momentum below $160. A low was formed at $145, and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. Besides, there was a break above a key bearish trend line with resistance at $155 on the hourly chart of the SOL/USD pair. Solana is now trading below $165 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $165 level. The next major resistance is near the $166 level and the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. The main resistance could be $172. A successful close above the $172 resistance zone could set the pace for another steady increase. The next key resistance is $180. Any more gains might send the price toward the $188 level. Another Decline In SOL? If SOL fails to rise above the $166 resistance, it could continue to move down. Initial support on the downside is near the $160 zone. The first major support is near the $155 level. A break below the $155 level might send the price toward the $148 support zone. If there is a close below the $148 support, the price could decline toward the $142 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $155 and $148. Major Resistance Levels – $165 and $166.
Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses below $165 and might decline further below $150. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $150 or $145. Solana Price Dips Heavily Solana price failed to remain stable above $180 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $175 and $165 support levels. The price gained bearish momentum below $160. A low was formed at $145, and the price is now consolidating losses. The price recovered a few points above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. Solana is now trading below $160 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $158 level. There is also a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair. The next major resistance is near the $162 level. The main resistance could be $166 and the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. A successful close above the $166 resistance zone could set the pace for another steady increase. The next key resistance is $175. Any more gains might send the price toward the $180 level. Another Decline In SOL? If SOL fails to rise above the $166 resistance, it could continue to move down. Initial support on the downside is near the $155 zone. The first major support is near the $150 level. A break below the $150 level might send the price toward the $145 support 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 $150. Major Resistance Levels – $162 and $166.