Solana (SOL) Drops Toward Support — Bulls Eye Potential Recovery Base
Solana failed to stay above $198 and corrected gains. SOL price is now trading below $195 and might find bids near the $188 zone. SOL price started a downside correction below $198 against the US Dollar. The price is now trading below $195 and the 100-hourly simple moving average. There is a declining channel forming with resistance at $200 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $188 zone. Solana Price Approaches Support Solana price failed to surpass $205 and started a downside correction, beating Bitcoin and....
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The Solana (SOL) market has registered a near 2% price increase in the last 24 hours, representing slight relief for investors enduring steep losses from the last week. Between August 14 and 15, the altcoin tumbled by roughly 13%, sliding from near $210 to around $180 as broader crypto markets reacted to US Producer Price Index (PPI) data. Despite the short-term recovery, prominent market analyst Ali Martinez warns that Solana may remain in danger yet, projecting the potential for further downside in the days ahead. Related Reading: Solana Price Drops To $185 — Here’s Why The Momentum....
Solana started a fresh decline from the $155 resistance. SOL price is down over 10%, but the bulls are now protecting the $132 support. SOL price started a strong decline from the $155 resistance against the US Dollar. The price is now trading below $145 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could correct losses unless the bulls struggle to protect the $132 support. Solana Price Dives 10% Solana price struggled to continue higher above....
Solana is trading at critical levels after a volatile week that saw major surges across the crypto market. While the rally has sparked optimism, analysts remain sharply divided. Some believe this is just a healthy correction within a broader bull cycle, while others warn that the crypto market may have already entered a new bear phase. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? For Solana, the next few weeks are expected to be decisive. Top analyst Inmortal shared insights on X, highlighting that within the next 30 days, the market will....
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 found support near the $192 zone. SOL price is now attempting to recover from above $200 and faces hurdles near $215. SOL price started a recovery wave above $200 and $202 against the US Dollar. The price is now trading above $202 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another decline if it stays below $215 and $220. Solana Price Eyes Recovery Solana price extended losses below $200 before the bulls took a stand, like....