Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

This layer 1 altcoin ‘looks interesting’ after forming a classic bottom structure, according to a veteran trader.

January 23, 2025

Ethereum’s Buterin advocates multi-signature and says Shamir backups are ‘a way to mess up.’

May 1, 2024

Investors aim for Injective, ORDI profits ahead of Bitbot launch.

June 8, 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.