The safety net is the 100-week average, which has stalled the downtrend.
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.
Market participants are watching whether BNB can hold above $870 and challenge resistance at $880, with a break higher potentially targeting $900.
The exchange partnership sparked measured buying as volume rose 17% above monthly averages.
The token is currently testing support in the $1.27-1.28 range, now has resistance at $1.30.
FIL dropped to $1.24 as the technical breakdown accelerated on heavy volume, 380% above average.
The decline appeared technical, rather than tied to BNB-specific negative news, and was accompanied by a wider crypto market downturn.
Internet Computer drifted lower after failing to hold intraday gains, with elevated volume reflecting continued distribution near resistance.
The Solana-based memecoin drifted back toward recent lows after failing to hold higher levels during a high-volume session.
The token's trading range was volatile with above-average volume indicating trader repositioning and uncertainty.
Veteran trader Peter Brandt warns that bitcoin's growth parabola has fractured, potentially leading to a price drop to $25,000.
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
The token has major support at the $1.36 level and resistance at $1.40.
BTC continues to bore traders with its directionless price action. But some indicators are pointing to renewed bullishness.
Trading volumes jumped 38% above monthly averages as institutional players repositioned ahead of a scheduled token unlock.
The token is consolidating below resistance at $1.65, with support forming above $1.59, and traders are watching for a breakout above $1.70 to regain momentum.
ICP slid 4.28% as a sharp reversal from early highs pushed the token below short-term support, with volume surging during key inflection points.
The token is now trading in a tight range, with buyers defending the $864-$867 zone and sellers capping gains near $868.50.
BONK fell 4.5% as resistance near $0.00001010 capped early strength, sending the token into a tight consolidation band around $0.00000910.
The token now has support at the $1.37 level and resistance at $1.43.
Internet Computer slipped back into a declining pattern after early strength faded, with the slide pushing the token toward key December support levels.
The Solana memecoin dipped below the $0.00001000 threshold ahead of a dYdX integration vote, with elevated volume highlighting heightened positioning activity.
Despite uncertainty and a lack of breakout, BNB's fundamentals may be supportive, with recent developments support a bullish case.
The token has support at the $2.19 level and resistance at $2.39.
A technical consolidation pattern emerged as trading activity surged nearly 50% above weekly averages.
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.
Strong volume and technical momentum distinguished APT's gains from the broader market action.
The token's price found support at $1.6025, which held firm despite initial selling pressure, and has since shown signs of a potential reversal.
The token has support at $2.09 and resistance in the $2.15-$2.16 zone.
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.