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Home»EXCHANGE NEWS»Solana (SOL) face is risk of falling down
EXCHANGE NEWS

Solana (SOL) face is risk of falling down

By Crypto FlexsMay 6, 20253 Mins Read
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Solana (SOL) face is risk of falling down
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Solana started a new reduction in the $ 155 zone. SOL Price is currently integrating nearly $ 145 and can extend the loss below $ 142.

  • SOL Price has begun a new reduction of less than $ 150 and $ 148 for US dollars.
  • The price is now less than $ 150 and is trading more than a simple moving average of 100 hours.
  • In the SOL/USD pairs, the short -term rise channel or continuous pattern is supported in $ 144 in the time chart (data source of KRAKEN).
  • Remove the $ 148 resistance zone to start a new increase.

Solana prices integrate profits

Solana Price has a foundation rather than $ 142 and has begun new growth, such as Bitcoin and Ethereum. SOL gained speed beyond $ 145 and $ 150 resistance.

But the bear was activated under the $ 155 resistance zone. The best was $ 153.90 and the price began a new decline. The price dropped to less than $ 150 and $ 148. The minimum is formed at $ 142.64 and the price is now integrated.

After 23.6% FIB of downward movement, the level was back at $ 153.90 to $ 142.64 at $ 142.64. Solana is now trading below $ 150 and below the average moving average. SOL/USD pairs of short -term rise channels or continuous patterns are also formed on the time chart of time by time.

Conversely, the price is faced with a resistance near $ 147. The next major resistance is nearly $ 150, and the fall of 61.8% FIB Retression from $ 153.90 to $ 142.64. The main resistance can be $ 155. Beyond the $ 155 resistance zone, successful things can set the speed for another steady increase. The next key resistance is $ 165. No more profit can spend the price to $ 180.

More losses in sol?

Another decrease may begin if the SOL does not rise beyond $ 150. The initial support of the shortcomings is near the $ 145 area. The first main support is close to $ 142.

Rest of less than $ 142 can be sent to the $ 135 area. If there is a place closer than the $ 135 support, the price can fall in the short term with $ 122.

Technical indicator

MACD -SOL/USD MACD is speeding up in Bearish Zone.

Hour time RSI (relative strength index) -RSI of SOL/USD is less than 50 levels.

Major support levels -$ 145 and $ 142.

Main resistance level -$ 147 and $ 150.

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