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Home»Altcoins»Solana (SOL) sees red – what is the next for the price?
Altcoins

Solana (SOL) sees red – what is the next for the price?

2025-02-26No Comments3 Mins Read
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Solana started a new decrease in the $ 162 zone. Sol price drops by more than 15% and may have trouble recovering above $ 150.

  • Sol Price started a new decrease below $ 162 and $ 150 levels against the US dollar.
  • The price is now traded under $ 150 and the 100-hour simple advancing average.
  • There is a connecting Bearish trend line that forms with resistance at $ 144 on the hour table of the SOL/USD pair (data source of Kraken).
  • The couple could start a new increase if the bulls erase the $ 150 zone.

Solana -Price is falling sharply

Solana Price struggled to erase $ 185’s resistance and started a new decrease, under performance Bitcoin and Ethereum. Sol fell under the support levels of $ 162 and $ 150.

It even went below the level of $ 135. The recent low point was formed at $ 131 and the price now consolidates losses with a bearish corner. There was a small wave of recovery above the 23.6% FIB retracement level of the downward movement of the $ 173 Swing high to $ 131 Swing low.

Solana now acts under $ 145 and the 100-hour simple advancing average. Moreover, the price is confronted with resistance near the level of $ 144. There is also a connecting Bearish trend line that forms with resistance at $ 144 on the hour table of the SOL/USD pair.

The next major resistance is near the $ 150 level. The most important resistance can be $ 152 and the 50% FIB retracement level of the downward movement of the $ 173 Swing High to $ 131 Swing Low.

Solana -Price

A successful closure above the $ 152 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 160. More profits can send the price to the $ 165 level.

See also  Will the correction trend push Solana below $20?

Another decline in Sol?

If Sol does not exceed $ 145 resistance, this can start a new decline. The first support on the other hand is near the $ 141 zone. The first major support is close to the $ 136 level.

A break below the level of $ 136 can send the price to the $ 131 zone. If there is an end under the support of $ 125, the price can fall to $ 120 support in the short term.

Technical indicators

Hourly MacD – The MACD for SOL/USD loses pace in the bearish zone.

Hours -hours RSI (relative strength -index) -The RSI for SOL/USD is below the 50 level.

Important support levels – $ 136 and $ 131.

Important resistance levels – $ 145 and $ 152.

Source link

Price Red Sees SOL Solana
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