Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21

Trump: 73.64% of investors expect a rally – will they be right?

2025-05-21

Hong Kong promotes the Stablecoin legislation that introduces new rules for issuers

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Solana (SOL) hints at bearish shift: is there a decline on the horizon?
Analysis

Solana (SOL) hints at bearish shift: is there a decline on the horizon?

2024-11-05No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Solana cut gains to trade below the $172 support zone. SOL price is consolidating and might struggle to recover above the USD 165 resistance.

  • The SOL price started falling again after struggling against the US dollar near the $175 zone.
  • The price is now trading below $170 and the 100-hour moving average.
  • A major bearish trendline is forming with resistance at $162 on the hourly chart of the SOL/USD pair (Kraken data source).
  • The pair could start a decent upward move if it remains above the $155 and $150 support levels.

Solana Price Extends Losses

Solana price struggled to clear the USD 180 resistance and started a new decline, just like Bitcoin and Ethereum. There was a decline below the USD 175 and USD 172 support levels.

The bears even pushed the price below USD 165 and tested the USD 155 support zone. A low was formed at $155 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $173 swing high to the $155 low.

Solana is now trading below $162 and the 100-hour moving average. On the upside, the price is facing resistance around the $160 level. The next major resistance is around the $162 level. There is also a major bearish trendline forming with resistance at $162 on the hourly chart of the SOL/USD pair.

Solana Price

The key resistance could be $165 or the 50% Fib retracement level of the downward move from the $173 swing high to the $155 low. A successful close above the $165 resistance level could set the pace for another steady rise. The next major resistance is $172. Any further gains could send the price towards the USD 180 level.

See also  Solana reaches 75 million active addresses while SOL battles the $132 level

Lose more in SOL?

If SOL fails to rise above the $165 resistance, the price could continue to decline. The initial downside support is near the USD 155 level. The first major support is near the $150 level.

A break below the $150 level could send the price towards the $135 zone. If there is a close below the $135 support, the price could fall towards the $124 support in the near term.

Technical indicators

Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major support levels – USD 155 and USD 150.

Major resistance levels – $162 and $165.

Source link

Bearish decline Hints Horizon shift SOL Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

XRP – Price coil for an outbreak – is the next leg on hands?

2025-05-21

Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Bitcoin price is hit – which could trigger a greater degree of correction

2023-07-08

Analyst Predicts New Highs for Bitcoin Are ‘Closer’ Than Previously Thought, Hands Out Three Rising Altcoins

2023-11-16

Crypto Spot Trading Volumes Surge to 8-Month Highs

2023-10-29
Editors Picks

Starai and endless unite to elevate decentralized AI innovation

2025-04-18

Assessment of Lido’s dominance in the LSD sector

2023-12-23

Crypto Analyst Predicts Steep Rally for Dogecoin, Calls DOGE Chart ‘Beautiful’ – Here Are His Goals

2023-11-09

Japan’s plastic recycling trial uses blockchain technology to track waste

2024-01-21
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

Trump: 73.64% of investors expect a rally – will they be right?

Hong Kong promotes the Stablecoin legislation that introduces new rules for issuers

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$108,852.331.93%
  • ethereumEthereum(ETH)$2,528.420.39%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.391.85%
  • binancecoinBNB(BNB)$673.333.50%
  • solanaSolana(SOL)$171.442.17%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.2322452.89%
  • cardanoCardano(ADA)$0.773.40%
  • tronTRON(TRX)$0.268239-0.08%
  • suiSui(SUI)$3.900.42%
  • chainlinkChainlink(LINK)$16.042.47%
  • avalanche-2Avalanche(AVAX)$22.991.85%
  • hyperliquidHyperliquid(HYPE)$27.977.24%
  • stellarStellar(XLM)$0.2920141.67%
  • shiba-inuShiba Inu(SHIB)$0.0000151.85%
  • hedera-hashgraphHedera(HBAR)$0.1980871.85%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.82%
  • bitcoin-cashBitcoin Cash(BCH)$404.602.81%
  • the-open-networkToncoin(TON)$3.090.33%
  • polkadotPolkadot(DOT)$4.741.50%
  • litecoinLitecoin(LTC)$96.883.35%
  • moneroMonero(XMR)$393.5212.09%
  • bitget-tokenBitget Token(BGB)$5.211.11%
  • piPi(PI)$0.8410.15%
  • pepePepe(PEPE)$0.0000133.59%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$446.817.17%
  • uniswapUniswap(UNI)$6.173.80%
  • aaveAave(AAVE)$249.63-3.39%
  • nearNEAR Protocol(NEAR)$2.852.11%
  • aptosAptos(APT)$5.252.23%
  • okbOKB(OKB)$52.110.27%
  • ondo-financeOndo(ONDO)$0.972.74%
  • kaspaKaspa(KAS)$0.1125661.61%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.484.26%
  • ethereum-classicEthereum Classic(ETC)$18.882.90%
  • internet-computerInternet Computer(ICP)$5.311.29%
  • gatechain-tokenGateToken(GT)$21.711.00%
  • crypto-com-chainCronos(CRO)$0.0968830.02%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2405863.94%
  • vechainVeChain(VET)$0.0289432.09%
  • mantleMantle(MNT)$0.74-1.18%
  • render-tokenRender(RENDER)$4.742.57%
  • ethenaEthena(ENA)$0.3986066.03%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4115745.04%
  • algorandAlgorand(ALGO)$0.2289462.55%
  • filecoinFilecoin(FIL)$2.942.95%
  • bitcoinBitcoin(BTC)$108,852.331.93%
  • ethereumEthereum(ETH)$2,528.420.39%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.391.85%
  • binancecoinBNB(BNB)$673.333.50%
  • solanaSolana(SOL)$171.442.17%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • dogecoinDogecoin(DOGE)$0.2322452.89%
  • cardanoCardano(ADA)$0.773.40%
  • tronTRON(TRX)$0.268239-0.08%
  • suiSui(SUI)$3.900.42%
  • chainlinkChainlink(LINK)$16.042.47%
  • avalanche-2Avalanche(AVAX)$22.991.85%
  • hyperliquidHyperliquid(HYPE)$27.977.24%
  • stellarStellar(XLM)$0.2920141.67%
  • shiba-inuShiba Inu(SHIB)$0.0000151.85%
  • hedera-hashgraphHedera(HBAR)$0.1980871.85%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.82%
  • bitcoin-cashBitcoin Cash(BCH)$404.602.81%
  • the-open-networkToncoin(TON)$3.090.33%
  • polkadotPolkadot(DOT)$4.741.50%
  • litecoinLitecoin(LTC)$96.883.35%
  • moneroMonero(XMR)$393.5212.09%
  • bitget-tokenBitget Token(BGB)$5.211.11%
  • piPi(PI)$0.8410.15%
  • pepePepe(PEPE)$0.0000133.59%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$446.817.17%
  • uniswapUniswap(UNI)$6.173.80%
  • aaveAave(AAVE)$249.63-3.39%
  • nearNEAR Protocol(NEAR)$2.852.11%
  • aptosAptos(APT)$5.252.23%
  • okbOKB(OKB)$52.110.27%
  • ondo-financeOndo(ONDO)$0.972.74%
  • kaspaKaspa(KAS)$0.1125661.61%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.484.26%
  • ethereum-classicEthereum Classic(ETC)$18.882.90%
  • internet-computerInternet Computer(ICP)$5.311.29%
  • gatechain-tokenGateToken(GT)$21.711.00%
  • crypto-com-chainCronos(CRO)$0.0968830.02%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2405863.94%
  • vechainVeChain(VET)$0.0289432.09%
  • mantleMantle(MNT)$0.74-1.18%
  • render-tokenRender(RENDER)$4.742.57%
  • ethenaEthena(ENA)$0.3986066.03%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4115745.04%
  • algorandAlgorand(ALGO)$0.2289462.55%
  • filecoinFilecoin(FIL)$2.942.95%