Solana (SOL) Turns Lower From Key Zone—Is Support About to Be Tested?

Solana failed to stay above $90 and corrected some gains. SOL price is now below $88 and might aim for another increase above $90. SOL price started a downside correction below $88 against the US Dollar. The price is now trading above $85 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $85 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $84 zone. Solana Price Remains Supported Solana price failed to stay above $90 and started a downside correction, like Bitcoin and Ethereum.....

A crypto analyst has highlighted how Solana could be setting up for a 10% price move based on a technical analysis (TA) pattern in its hourly chart. Solana Could Be Following A Symmetrical Triangle In a new post on X, analyst Ali Martinez has talked about a TA pattern forming in the 1-hour price chart of Solana. The pattern in question is a Symmetrical Triangle, which is a type of consolidation channel that looks, as its name suggests, like a triangle. The pattern involves two trendlines, with the higher one acting like a resistance level, while the lower one provides support. Like with....

Solana (SOL) is currently trading at a crucial demand level near $163, following a retrace from local highs around $183. This price is a critical support area that could determine the direction of SOL’s upcoming price action. Losing this level could signal a deeper correction, which would intensify selling pressure and potentially push SOL to retest lower support levels. However, top analyst Daan shared a technical analysis suggesting that if SOL can hold this “green zone” around $160, it could pave the way for a rebound. Daan notes that in the most optimistic scenario, SOL could hold this....

Solana declined and tested the $128 support zone. SOL price is consolidating losses and might aim for a fresh increase above the $132 resistance. SOL price started a consolidation phase from the $128 zone against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $132 resistance zone. Solana Price Holds Support Solana price started a fresh decline from the....

Ethereum corrected lower and tested the $1,250 support zone against the US Dollar. ETH price is consolidating above $1,280 and it looks set for a fresh increase in the near term. Ethereum is holding gains above the $1,250 and $1,280 support levels. The price is currently correcting lower from $1,385, but it is above the […]