Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over?
As most of the crypto market remains in red, Solana (SOL) has started to recover from the market’s sharp correction. The cryptocurrency’s price has surged 7.5% in the last 24 hours, recovering from its three-week low and leading some analysts to suggest the bleeding might be over. Related Reading: Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target Solana Falls To Three-Week Low Over the weekend, Solana recorded a 27% price plunge from Friday’s highs to a three-week low of $175. This performance followed the overall market crash, fueled by the US....
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Solana started a recovery wave from the $128 zone. SOL price is up over 6% and the bulls seem to be aiming to reclaim the $150 level. SOL price started a decent upward move above the $132 resistance against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could continue to rise toward $150 or even $155 in the near term. Solana Price Trims Some Losses Solana price managed to stay above the $120 pivot....
Solana depreciated by almost 6% over the last 24 hours as the broader market started to get choppy. Bitcoin was seen trading below the $40,000 mark while Ethereum broke the support level of $3,000. The global market currency cap stood at $1.94 Trillion after a fall of 6% over the past day. Solana had depicted considerable recovery on charts as it broke subsequent price ceilings over the past week. The coin had managed to revisit the $110 level which the coin hovered near thrice in the past week or so. Following the recent dip, buyers decided to exit the market as the coin witnessed a....
Solana (SOL) is showing early signs of recovery after enduring several days of selling pressure and heightened volatility. The altcoin is now trading above the $135 mark, a psychological level that bulls have managed to defend in recent sessions. While this move offers some relief to investors, Solana still has work to do before confirming a sustained uptrend. The broader market remains cautious, and SOL must reclaim key technical levels to strengthen the case for a full recovery rally. Related Reading: Ethereum Accumulation Is Almost Over – Breakout Above $2,200 Could Trigger Expansion....
Solana price has been trading laterally as the altcoin has not been able to move past the $40 price mark. The altcoin has experienced a blow recently as thousands of wallets were drained of their assets owing to an exploit. The latest exploit had allowed hackers to drain the funds using private keys. After the attack on the network, Solana’s value swiftly dropped to $38. Solana price has now been stuck at the $40 level. The current support level for the coin stood at $40 and failing to stay on the aforementioned price mark, SOL could fall to $36. Bitcoin too has been consolidating at....