cryptd.in

Alternativ LinkedIn för kryptovänliga talanger

Solana (SOL) at Risk: Could More Losses Be on The Horizon?

Solana started a fresh decline below the $250 support. SOL price is consolidating and might face resistance near the $235 and $242 levels.

  • SOL price started a fresh decline below the $250 and $240 levels against the US Dollar.
  • The price is now trading below $240 and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $235 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 $242 zone.

Solana Price Dips Below $250

Solana price struggled to clear the $260 resistance and started a fresh decline, like Bitcoin och Ethereum. SOL declined below the $250 and $242 support levels.

It even dived below the $230 level. The recent low was formed at $225 and the price is now consolidating losses. It climbed a few points above the $230 level. It cleared the 23.6% Fib retracement level of the downward move from the $244 swing high to the $225 low.

Solana is now trading below $240 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $235 level or the 50% Fib retracement level of the downward move from the $244 swing high to the $225 low.

Solana Price

There is also a key bearish trend line forming with resistance at $235 on the hourly chart of the SOL/USD pair. The next major resistance is near the $242 level. The main resistance could be $250. A successful close above the $250 resistance zone could set the pace for another steady increase. The next key resistance is $260. Any more gains might send the price toward the $275 level.

Another Decline in SOL?

If SOL fails to rise above the $235 resistance, it could start another decline. Initial support on the downside is near the $225 zone. The first major support is near the $222 level.

A break below the $222 level might send the price toward the $212 zone. If there is a close below the $212 support, the price could decline toward the $200 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $225 and $222.

Major Resistance Levels – $235 and $242.


Kommentarer

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *

Senaste flödena

Populära kategorier

Sök på webbplatsen

Populära berättelser

Etiketter

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenVal (1) #BinanceVsCoinbase (1) #Bitcoin (402) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHantering (1) #BitcoinPris (5) #BitcoinPrisnivå (1) #BitcoinPump (1) #BitcoinReserv (1) #BitcoinSurge (1) #BitcoinTopp (1) #Bitfinex (1) #Bitwise (1) #BracebridgeKapital (1) #BRC20Token (1) #BTCförvärv (1) #BullishPrediktion (1) #BullishSentiment (1) #Ckinesisk gruvdrift (1) #CPIPrecension (1) #Cryptotillgång (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #Cryptoinsikter (1) #CryptoMania (1) #CryptoMarknaden (4) #Cryptoförutsägelse (1) #CryptoFörutsägelser (1) #CryptoReglering (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoOvisshet (1) #DerivativJump (1) #Dogecoin (72) #DogecoinGains (1) #DogecoinVolym (1) 1TP5Holländska domstolen (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (65) #EthereumSmärta (1) #EthereumPris (1) #ExpertOpinion (1) #FedRateCut (1) #FiatValuta (1) #Finansiell påverkan (1) #FinansiellIntegritet (1) #FirmAvstängning (1) #FrystaKonton (1) #IllicitFonder (1) #InflationData (1) 1TP5Investeringar (1) 1TP5Investeringsförlust (1) #JapanskFirma (1) #LegalAction (1) #Laglig påverkan (1) #Lagstiftning (1) #LightningNätverk (1) #MMarknadsanalys (3) #MarknadenÖvervakning (1) #MarknadenPrediktion (1) #MarknadenFörutsägelser (1) #MarknadenProjektering (1) #Marknadsstöd (1) #MarknadenVolatilitet (1) #M Äktenskap (1) #MemeCoin (5) #MemeCoins (2) #MinerLönsamhet (1) #MpengarTvätt (2) #MtGox (4) #NordkoreaKrypto (1) #NovogratzPrediktion (1) #PrisMilstolpe (1) #PrisPrediktion (2) #PrisFråga (1) #Prisökning (1) #PrisonStraff (1) #QuantAnalys (1) #Regleringstryck (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialaBuzz (1) #Tteknisk analys (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashUtvecklare (1) #UKCrypto (1) #UpsidePotential (1) #USKongressen (1) #WyomingLand (1) #XRPPris (1) #XRPuppsving (1)

Användbara länkar

Länkar som jag tyckte var användbara och ville dela med mig av.