Bearish Wave Hits Solana: SOL Drops Below $140 – More Losses On The Horizon?
Solana, a leading blockchain platform, is experiencing a significant downturn as a persistent bearish wave sweeps through its market. This decline, driven by a combination of factors, has led to SOL’s price suffering a huge drop below the $140 support mark. Solana’s price has struggled to find stability, breaking through key support levels and signaling further potential losses. As bearish sentiment continues to dominate, traders and investors are closely monitoring the situation, seeking signs of a possible reversal or additional declines in the near future. Technical....
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Solana has started another decline, falling below the $137 support level, signaling that bearish momentum is gaining traction. The once-promising uptrend has faltered, leaving traders and investors wondering if more losses are on the horizon. As selling pressure intensifies, the question now is whether Solana can find a new foothold or if the bears will continue to push its price lower. In this analysis, we’ll provide an in-depth analysis of Solana’s recent breakdown below this key support level, examining the growing bearish momentum and exploring the key levels to watch and what could....
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 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 fell for a second consecutive session on Tuesday, pushing the token to its lowest level in twelve days. The move comes as sentiment in crypto markets turned bearish ahead of tomorrow’s FOMC meeting. Near protocol was also lower, dropping by as much as 12% today. Solana (SOL) Solana (SOL) was in the red for the second day running, as prices moved closer to a key support level. On Tuesday, SOL/USD slipped to an intraday low of $35.28, which is the lowest level that the token has traded since July 14. The move pushed prices closer to a support point of $32.40, which has been in....
Altcoins like Algorand and Solana have recorded some of the highest losses following the market crash. This has been apparent in the performances of these digital assets in the past week. While the market at large had experienced dips, Algorand, Solana, and Hedera had led the pack for the worst performing coins for last week. Altcoins Suffer Massive Losses The crash which started with the top coin, Bitcoin, had inadvertently spilled over onto altcoins. Most had suffered greatly with the highest losses being recorded across digital assets such as Algorand and Solana. These cryptocurrencies....