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Solana (SOL) Dips Into the Red – Healthy Correction or Trend Reversal? Newsbtc 2 күн мурун

Solana (SOL) Dips Into the Red – Healthy Correction or Trend Reversal? 📉

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Solana's price has taken a downturn, falling over 10% from the $200 zone and now trading below $185 as well as the 100-hourly simple moving average. The decline suggests potential difficulty in maintaining above the $175 support zone.

The cryptocurrency's recent movements include a drop below the $200 and $192 support levels, reaching a low of $174. Solana is facing resistance with a connecting bearish trend line forming at $182 on the hourly chart. Should the bulls manage to clear this resistance zone at $185, Solana might see an upward movement once again.

If Solana fails to breach the $185 resistance, it risks further decline, with initial support at $174 and major support at $170. Breaching below the $170 level could result in a steeper dive towards the $165 benchmark and even $150 in the near term. Technical indicators, such as the MACD and RSI, are also signaling bearish momentum.

Булак: www.newsbtc.com ↗

Окшош макалалар (39)

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