Solana Price Struggles Below $100, But This Level Changes Everything
A crypto analyst has announced that the Solana price has just broken below a critical support level that had previously triggered an explosive bull run in the last market cycle. With SOL currently struggling below $100 and facing persistent bearish pressure, the analyst has outlined two possible scenarios that could determine the cryptocurrency’s next moves. […]
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The crypto market is buzzing with activity, and while Solana (SOL) continues to see incremental gains, it’s GoodEgg (GEGG) that’s stealing the spotlight. Despite Solana’s 2.1% price increase, GoodEgg (GEGG) has sold over 1.9 billion tokens in just two days, overshadowing many layer-1 cryptos in both excitement and potential. Solana’s Struggles Despite Price Gains Solana […]
Solana has been currently trading within a consolidation phase. Despite a recovery on charts, the coin is trading at the level it last traded in the month of August, last year. Over the last few days, the coin observed lateral price movements. Usually after a consolidated phase, it can be assumed that the altcoin could witness a change in the price movement. Technical outlook painted a positive price action for Solana on both its hourly as well as daily chart. Solana has recovered by over 40% from its lowest price which was recorded mid month, this year. At the moment, Solana has been....
Solana started a fresh decline below the $165 pivot zone. SOL price is now attempting to recover and faces hurdles near the $165 zone. SOL price started a fresh decline below $162 and $160 against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $160 and $162. Solana Price Faces Hurdles Solana price extended losses below $150 before the bulls appeared, like Bitcoin....
Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $155 zone. Solana Price Faces Hurdles Solana price struggled to clear the $180....
Solana (SOL) struggles to break key resistance after it suffers a huge loss on a hot wallet hack, losing over $5M creating so much panic in the heart of many faithful. The price of SOL looked strong in the early part of the week, trading above $40, trying to break the resistance before having an attack on some wallets drained more than $8 million from Solana users. It now struggles to break above the 50 exponential moving average (EMA) on the one-hour (1H) chart. SOL Daily Chart Analysis The daily chart for SOL shows it is trading at $38.7 below the 50 & 200 exponential moving average....