Solana Bearish Trend Deepens: Is $164 Support the Next Stop For SOL?
Solana is under mounting selling pressure, sliding its price further into a correction phase. After struggling to maintain upward momentum, SOL has been steadily retreating, now approaching the crucial $164 support level. This key zone will determine whether the cryptocurrency finds stability or extends its downward trajectory. Market indicators suggest that bears remain in control, with momentum shifting in favor of sellers. If Solana fails to hold above $164, it could open the door to even deeper losses. However, if buyers step in to defend this level, it would trigger a price reversal.....
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Solana started a fresh decline from the $250 zone. SOL price is now showing bearish signs and might even decline toward the $200 support. SOL price started a fresh decline below $240 and $230 against the US Dollar. The price is now trading below $220 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $215 and $222. Solana Price Dips Again Solana price failed to stay above $250 and started a fresh decline, like Bitcoin....
Solana is correcting gains from the $25 resistance against the US Dollar. SOL price could accelerate lower if there is a break below the $21 support. SOL price started a fresh decline after it failed to clear the $25 resistance against the US Dollar. The price is now trading below $22.00 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $22.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could break the $21 support and accelerate lower toward $18.80. Solana Price Visits Key Support After a steady....
Solana started a fresh decline from the $232 zone. SOL price is now showing bearish signs and might even decline toward the $180 support. SOL price started a fresh decline below $232 and $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $204 and $212. Solana Price Dips Sharply Solana price failed to stay above $232 and started a fresh decline, like Bitcoin....
Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term. SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar. The price is now trading below $172 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a decent upward movement if it stays above the $165 and $162 support levels. Solana Price Holds Support Solana price....
The Solana price rebounded quite nicely from the October 10 crash, quickly reclaiming $200 after hitting as low as $150 on some crypto exchanges. Despite this, though, the altcoin is still not out of the woods, with bearish indicators that seem to be piling up around it. Unless something changes soon, the Solana price could be gearing up for another major hit that could send it down even lower than the legendary flash crash. Friday’s Crash Was Only Confirmation Of Bearish Pattern For Solana Price While the broader market thinks that the October 10 crash has come and gone, leaving the....