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Home»EXCHANGE NEWS»Solana (SOL) sees red. What is the price?
EXCHANGE NEWS

Solana (SOL) sees red. What is the price?

By Crypto FlexsFebruary 27, 20253 Mins Read
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Solana (SOL) sees red. What is the price?
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Solana has begun a new reduction in the $ 162 district. SOL Price has fallen more than 15% and may have difficulty recovering more than $ 150 resistance.

  • SOL Price has begun a new reduction of $ 162 or less than the $ 162 for the US dollar.
  • The price is now less than $ 150 and is trading more than a simple moving average of 100 hours.
  • There is a connecting bearish trend line formed by a $ 144 resistance in the hourly chart of the SOL/USD pair (data source of KRAKEN).
  • If the bull removes the $ 150 zone, the pair can begin a new increase.

Solana prices drop sharply

Solana Price struggled to organize $ 185 resistance and began a new reduction in poor earnings with Bitcoin and Ethereum. SOL has decreased below the level of support of $ 162 and $ 150.

It even trimmed below $ 135. Recently, the minimum is formed at $ 131, and the price is currently weakened. After 23.6% FIB of downward movement, there was a small recovery from $ 173 swing height to $ 131 swing.

SOLANA is currently trading less than $ 145 and simple moving average of 100 hours. Conversely, the price is faced with a resistance near $ 144. There is also a connecting bearish trend line that is formed of $ 144 resistance in the time chart of the SOL/USD pair.

The next major resistance is close to $ 150. The main resistance can be $ 152, and after 50%of FIB, the level is lowered from $ 173 to $ 131 swing low.

If you succeed above the $ 152 resistance area, you can set another speed for another steady increase. The next key resistance is $ 160. No more profit can spend the price to $ 165.

Another reduction in sol?

Another reduction may begin if the sol is not higher than $ 145 resistance. The initial support of the shortcomings is near the $ 141 district. The first main support is close to $ 136.

Rest of less than $ 136 can be sent to $ 131. If there is a place closer than the $ 125 support, the price can fall in the short term with $ 120 support.

Technical indicator

MACD -SOL/USD MACD is losing speed in Bearish Zone.

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

Major support levels -$ 136 and $ 131.

Main resistance level -$ 145 and $ 152.

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