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Solana Price (SOL) Slips: Will a Break Below $140 Trigger More Downside? Newsbtc 29 авг 2024

Solana Price (SOL) Slips: Will a Break Below $140 Trigger More Downside? 📉

Solana started a fresh decline below $155 and $150. SOL price tested $140 and is currently struggling to start a recovery wave. SOL price started a fresh downward move below $150 against the US Dollar. The price is now trading below $148 and the 100-hourly simple moving average.

There is a short-term declining channel forming with resistance at $145.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a recovery wave if it clears the $148 resistance zone.

Solana price started a fresh decline from well above $155 like Bitcoin and Ethereum. SOL gained pace and traded below the $150 level. It even tested the $140 support level. A low was formed at $140.53 and the price is now consolidating losses.

There was a minor upward move above the $142 and $143 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $161.95 swing high to the $140.53 low. Solana is now trading well below $150 and the 100-hourly simple moving average.

On the upside, the price is facing resistance near the $146 level. There is also a short-term declining channel forming with resistance at $145.50 on the hourly chart of the SOL/USD pair. The next major resistance is near the $148 level. A successful close above the $148 and $150 resistance levels could set the pace for another steady increase.

The next key resistance is near $152 or the 50% Fib retracement level of the downward move from the $161.95 swing high to the $140.53 low. Any more gains might send the price toward the $162 level.

If SOL fails to rise above the $146 resistance, it could start another decline. Initial support on the downside is near the $142 level. The first major support is near the $140 level. A break below the $140 level might send the price toward $132. 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 – $142 and $140. Major Resistance Levels – $146 and $148.

Источник: www.newsbtc.com ↗

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Can Solana Signal a Market Upswing? Bitcoinhaber 2 недели назад
Can Solana Signal a Market Upswing?
Solana (SOL) Defies Crypto Market Trends, Eyes $190 Level Coinpedia 3 недели назад
Solana (SOL) Defies Crypto Market Trends, Eyes $190 Level
Solana price prediction- Why bulls may find it hard to break through $210 Ambcrypto 1 неделю назад
Solana price prediction- Why bulls may find it hard to break through $210
Solana (SOL) $180 Breakthrough Comes With a Big Warning  Beincrypto 2 недели назад
Solana (SOL) $180 Breakthrough Comes With a Big Warning 
Solana News: SOL Price Enters Overbought Territory—Is a Pullback Coming? Coinpedia 3 недели назад
Solana News: SOL Price Enters Overbought Territory—Is a Pullback Coming?
Solana (SOL) Gains Momentum with Bitcoin’s Surge Cointurk 3 недели назад
Solana (SOL) Gains Momentum with Bitcoin’s Surge
Solana Faces Challenges Surpassing Key Resistance Levels Cointurk 02 сен 2024
Solana Faces Challenges Surpassing Key Resistance Levels
Potential Bullish Momentum for Solana as Key Resistance at $205 Is Tested Amid Strong Social Engagement Coinotag 1 неделю назад
Potential Bullish Momentum for Solana as Key Resistance at $205 Is Tested Amid Strong Social Engagement
Solana (SOL) May See Price Rally as Negative Sharpe Ratio Suggests Potential Upswing Ahead Coinotag 06 окт 2024
Solana (SOL) May See Price Rally as Negative Sharpe Ratio Suggests Potential Upswing Ahead
Exploring Possibilities: Could Solana (SOL) Break Above $150 Amidst Current Market Consolidation? Coinotag 11 окт 2024
Exploring Possibilities: Could Solana (SOL) Break Above $150 Amidst Current Market Consolidation?
Solana Price Surges Past $180: Indicators Suggest Potential for Higher Gains Amid Bitcoin Rally Coinotag 2 недели назад
Solana Price Surges Past $180: Indicators Suggest Potential for Higher Gains Amid Bitcoin Rally
Could Solana (SOL) Be Poised for a Rebound Towards $190? Analyzing Onchain Metrics and Market Trends Coinotag 09 окт 2024
Could Solana (SOL) Be Poised for a Rebound Towards $190? Analyzing Onchain Metrics and Market Trends
Solana’s Price Struggles: Could a Bullish Breakout Above $170 Hasten Towards $180? Coinotag 3 недели назад
Solana’s Price Struggles: Could a Bullish Breakout Above $170 Hasten Towards $180?
Solana Price Reclaims $180 Amid Overbought Signals; Potential Pullback May Precede Next Upsurge Coinotag 2 недели назад
Solana Price Reclaims $180 Amid Overbought Signals; Potential Pullback May Precede Next Upsurge
Could Solana (SOL) Break Above $150 and Ignite an Uptober Rally? Coinotag 16 окт 2024
Could Solana (SOL) Break Above $150 and Ignite an Uptober Rally?

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