Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is it time to wait a long time for Solana? Analysts expect a key support level at $175.
ALTCOIN NEWS

Is it time to wait a long time for Solana? Analysts expect a key support level at $175.

By Crypto FlexsDecember 23, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is it time to wait a long time for Solana? Analysts expect a key support level at 5.
Share
Facebook Twitter LinkedIn Pinterest Email
  • According to analysts, SOL’s oversold condition could present a great buying opportunity.
  • Despite weak market sentiment, SOL hit key confluence support at $175.

Solana (SUN) It has been the most oversold top altcoin, but according to some experts, a drop of more than 30% could be a good buying opportunity.

According to pseudonymous analyst Marty Party, SOL’s daily Relative Strength Index (RSI) has fallen to levels last seen in mid-2023. According to Marty, this was an ideal place to buy altcoins.

Source: X

Will $180 hold up?

Since the November high, SOL has fallen from $264 to a low of $175. But the decline has reached a key confluence that, if maintained, could prove Marty’s claim.

Throughout 2024, SOL’s dump has reversed at the 100-day EMA (exponential moving average, blue). This pattern was repeated in June, July and October.

Solana SOLSolana SOL

source: SOL/USDT, TradingView

As of this writing, the recent decline has stabilized around the moving average ($175). Interestingly, this level also coincided with the Fibonacci retracement tool’s golden level (61.8%) measured against the September low.

Most often, price trend reversals occur at golden ratio levels. So, if the pattern repeats, SOL could bottom at $175, with a potential deviation of $160.

That said, overall market sentiment is still negative toward SOL, which could make it ideal for long-term investors looking for discounted SOL.

Solana SOLSolana SOL

Source: Santiment

However, it is also worth noting that SOL sentiment has turned negative for the first time since November.

So what is the market positioning at this key confluence level and weak sentiment?

According to Coinglass, more than 82% of top traders on the Binance exchange held long SOL positions.


read Solana (SOL) Price Prediction From 2024 to 2025


This is a slight drop from the 84% level on December 19th, but it suggests that most players are still optimistic about SOL. recovery view.

Solana SOL Solana SOL

Source: Coinglass

Next: Solana shows signs of heating up as TVL soars to 2024 high.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 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

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025
Most Popular

📈 Dogecoin (DOGE) Price Prediction 2024–2030

April 24, 2024

AssemblyAI Unveils Enhanced PII Redaction and Entity Detection Capabilities

July 29, 2024

A Reliable Choice For Future Mining

June 18, 2025
  • 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.