Solana (SOL) confronted renewed draw back strain after a number of failed makes an attempt to interrupt above the $158–$159 resistance zone.
Sellers took management through the 13:00 hour, the place quantity surged previous 1.1 million, breaking by way of the $153.10–$153.30 help area and accelerating the bearish momentum.
Regardless of a modest restoration try, SOL stays on the again foot, buying and selling simply above $153.
With decrease highs forming throughout current periods and key help zones underneath menace, analysts warn that additional draw back is feasible except bulls reclaim the $153.30 stage.
The psychological $150 mark now looms as the subsequent main line of protection.
Technical Evaluation Highlights
- Robust resistance at $158–$159 triggered a 4.48% decline from peak to trough.
- Excessive-volume breakdown under $153.10–$153.30 help zone indicators bearish shift.
- SOL fell from $154.53 to $151.89 within the ultimate hour, a 1.7% intraday drop.
- Notable promoting at 13:40 (36K) and 13:48 (59K) accelerated downward momentum.
- Worth has since rebounded to $153.81, with tentative help close to $152.50.
- Decrease highs and elevated promoting quantity counsel continued short-term strain.
- A detailed above $153.30 is required to sign potential pattern stabilization.
Exterior References
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