Solana Pauses After 20% Drop — This Key Level Could Decide What’s Next
Solana has taken a breather after a sharp 20% sell-off, with the price now stabilizing at a technically significant zone. As volatility cools and consolidation sets in, the market is watching closely to see whether this level acts as a launchpad for a recovery or opens the door to further downside. The next move from here could define SOL’s short-term direction. VAH Rejection Sends SOL Back Into Range Market expert Umair Crypto explained that Solana’s rejection at the Value Area High (VAH) near $141 set the tone for the recent move. After briefly extending to $148, SOL once again failed to....
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Solana started a recovery wave above the $135 zone. SOL price is now consolidating and faces hurdles near the $140 zone. SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $132 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $133 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $140 and $142. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave above $130, like Bitcoin and....
Crypto analyst MadWhale has suggested that the Solana price could witness more downward pressure in the coming days. Specifically, the analyst predicted that SOL was at risk of a decline to $125 as it retests a key support level. Solana At Risk Of A Drop To $125 With Support Retest In a TradingView post, MadWhale predicted that the Solana price was at risk of dropping to as low as $125 with the retest of the $164 price level, which is a key support level on the horizon. The analyst noted that this is a pivotal support level that has previously proven strong. However, he warned that it....
A pause in the Bitcoin price rally has created room for other alternative cryptocurrencies to take over the bull trend. AAVE is leading the pack by logging maximum gains. The decentralized finance token surged by as much as 128 percent in five consecutive winning sessions, hitting $56.21, a level it last touched three weeks ago. […]
Solana is taking a breather after a strong rally, now testing the crucial $195 support zone. Traders are watching closely to see if the bulls can defend this level and set the stage for a potential comeback. Solana Begins A Healthy Pullback After Recent Rally In a recent update, BitGuru highlighted that Solana (SOL) appears to be entering a healthy pullback phase following a sharp rally and partial recovery. This retracement is part of a natural market rhythm, allowing the asset to cool off after its recent burst of bullish momentum. Such pauses often serve as a foundation for more....
The cryptocurrency world is no stranger to volatility, but recent developments have sent ripples through the Solana (SOL) community, raising concerns about its future. Solana (SOL) has experienced a sharp 15.8% drop, leading to a flurry of reactions from investors and analysts alike. While Solana (SOL)’s decline has certainly captured attention, another player is moving aggressively in the background: Mpeppe (MPEPE). The meme-inspired casino token is making significant strides, with its Stage 3 presale nearing 93% completion, positioning itself as a strong contender in the meme coin....