Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Can Solana break the stubborn resistance at $165? What Pricing Analysis Shows
ALTCOIN NEWS

Can Solana break the stubborn resistance at $165? What Pricing Analysis Shows

By Crypto FlexsOctober 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Can Solana break the stubborn resistance at 5? What Pricing Analysis Shows
Share
Facebook Twitter LinkedIn Pinterest Email
  • Solana faces another rejection after hitting a two-month high.
  • The buying trend was steady but did not reach the breakout level.

Solana (SOL) failed to break the $163 resistance level for the third time since August. It has seen short-term price volatility over the past two days, falling 3.4% from the local high of $161.8.

Increased whale holdings and increased social media activity signaled an optimistic outlook for Solana going forward. On the other hand, a decline in spot demand could be an early sign of a larger downturn.

Solana price action remains bullish

Solana 1 day chart

Source: SOL/USDT on TradingView

Bulls were fighting for control of the intermediate level of $154, which coincides with the 50% retracement level. However, the trend strengthened in September after breaking the $140 resistance level of the lower period.

The A/D indicator has been showing a steady upward trend since July, which is a sign of strong buying momentum over the past three months. Daily RSI also showed strength.

However, swing traders looking to go long should wait for the $162-$165 resistance line to be broken. If this happens, bulls could target the high of $187 next.

Despite the positive signs of accumulation/dispersion, volume is still around the average of the last 6 weeks. Lack of volume was a concern as SOL approached key resistance levels.

Coin analysis trends indicate increased volatility.

Solana Coin AnalysisSolana Coin Analysis

Source: Coin Analysis

AMBCrypto found that the CVD spot price has been falling at the same time as it has fallen from $161.8 over the past two days. Increasing selling near the resistance zone indicates a reduced likelihood of a near-term breakout.


Read Solana (SOL) price prediction for 2024-25


Funding rates remained positive and open interest trends remained upward. The decline also affected OI, but it has started to recover in recent hours.

Overall, a drop below $154 is likely due to volume.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Next: Japan’s Prime Minister-elect supports cryptocurrency policy with focus on NFTs. See here for more details.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

2025 Best Free Cloud Mining

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

Solana Stagnation: Expert Claims Whale Tricks Cause Drop

August 6, 2024

Bitcoin surpassed silver in market capitalization by exceeding $71,000.

March 11, 2024

Cryptocurrency personality admits to fraud charges after promising 60% ‘fake’ profits

May 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.