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Solana (SOL) at Risk: Could More Losses Be on The Horizon? Newsbtc 4 giorni fa

Solana (SOL) at Risk: Could More Losses Be on The Horizon? 📉

SOL/USD Ethereum Solana Bitcoin

Solana (SOL) has dipped below the $250 support line, struggling against varying resistance levels. Key resistances are marked at $235, $242, and potentially $250, indicating the likelihood of further declines if not breached. SOL recently formed a low at $225, with potential for further drops if support at $222 fails, driving prices toward the $200 level.

The SOL/USD pair shows bearish trends on the hourly chart, while the moving average convergence divergence (MACD) suggests a loss in bullish momentum. The relative strength index (RSI) supports these observations, being below the 50 mark.

A successful move past $250 could set the pace for gains above the $260 and possibly $275 range. However, the prevailing sentiment is cautious as key supports risk being broken, which could exacerbate downward pressure on the price.

Fonte: www.newsbtc.com ↗

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