Close Menu
Cryprovideos
    What's Hot

    Tigran Gambaryan formally resigns from Binance following return to US

    June 8, 2025

    A brand new method for XRP and Dogecoin traders: Earn $3,000+ a day with EARN Mining

    June 8, 2025

    MASK Worth Crashes 40% as Trump-Elon Musk Fallout Sours Retail Sentiment

    June 8, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Solana (SOL) Continues to Fall — Is a Reversal in Sight?
    Solana (SOL) Continues to Fall — Is a Reversal in Sight?
    Altcoins

    Solana (SOL) Continues to Fall — Is a Reversal in Sight?

    By Crypto EditorJune 2, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Solana began a contemporary decline from the $172 zone. SOL value is now shifting decrease and may decline additional beneath the $155 degree.

    • SOL value began a contemporary decline from the $172 resistance zone in opposition to the US Greenback.
    • The worth is now buying and selling beneath $162 and the 100-hourly easy shifting common.
    • There’s a key bearish pattern line forming with resistance at $160 on the hourly chart of the SOL/USD pair (knowledge supply from Kraken).
    • The pair may begin a contemporary improve if it clears the $160 resistance zone.

    Solana Value Dips Once more

    Solana value did not proceed increased above the $172 degree and began a contemporary decline, like Bitcoin and Ethereum. SOL gained tempo and traded beneath the $160 assist degree.

    The worth even traded beneath the $155 degree. A low was fashioned close to $150 and the worth not too long ago began a restoration wave. There was a transfer above the $155 degree. It surpassed the 23.6% Fib retracement degree of the latest decline from the $180 swing excessive to the $150 low.

    Solana is now buying and selling beneath $160 and the 100-hourly easy shifting common. There may be additionally a key bearish pattern line forming with resistance at $160 on the hourly chart of the SOL/USD pair.

    On the upside, the worth is going through resistance close to the $160 degree and the pattern line. The subsequent main resistance is close to the $165 degree. It’s near the 50% Fib retracement degree of the latest decline from the $180 swing excessive to the $150 low.

    Solana (SOL) Continues to Fall — Is a Reversal in Sight?

    The primary resistance might be $170. A profitable shut above the $170 resistance zone may set the tempo for one more regular improve. The subsequent key resistance is $172. Any extra positive aspects may ship the worth towards the $180 degree.

    One other Decline in SOL?

    If SOL fails to rise above the $160 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $155 zone. The primary main assist is close to the $152 degree.

    A break beneath the $152 degree may ship the worth towards the $145 zone. If there’s a shut beneath the $145 assist, the worth may decline towards the $132 assist within the close to time period.

    Technical Indicators

    Hourly MACD – The MACD for SOL/USD is gaining tempo within the bearish zone.

    Hourly Hours RSI (Relative Power Index) – The RSI for SOL/USD is beneath the 50 degree.

    Main Help Ranges – $155 and $152.

    Main Resistance Ranges – $160 and $162.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    A brand new method for XRP and Dogecoin traders: Earn $3,000+ a day with EARN Mining

    June 8, 2025

    Solana Worth Gears Up For Breakout After Volatility Squeeze | Bitcoinist.com

    June 8, 2025

    Finest Altcoin to Purchase Now as Trump-Linked Bitcoin ETF Information Triggers Market Swings

    June 8, 2025

    $809,910,000 Cardano in 24 Hours, Futures Whale Fueling Rebound

    June 8, 2025
    Latest Posts

    Bitcoin Hyper Is Turning BTC Right into a Excessive-Velocity Community – Don't Miss This Presale – CryptoDnes EN

    June 8, 2025

    Bitcoin Stabilizes At $104,000 Mid-Vary As Market Eyes Subsequent Breakout

    June 8, 2025

    BIP 177 and the Bitcoin (BTC) Unit Debate: A Shift in Usability

    June 8, 2025

    Technique Boosts STRD Most popular Inventory Providing to $1 Billion to Purchase Up Bitcoin – Decrypt

    June 8, 2025

    Bitcoin core devs' joint assertion sparks heated debate amongst Bitcoiners

    June 8, 2025

    Trump Would possibly Change Fed Chair Powell  – How Will Bitcoin React?

    June 8, 2025

    Ross Ulbricht Receives $31M in BTC — Who Despatched It, and Why Now?

    June 8, 2025

    Finest Altcoin to Purchase Now as Trump-Linked Bitcoin ETF Information Triggers Market Swings

    June 8, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    How I Acquired Into Crypto — A Journey from Skepticism to Curiosity

    February 19, 2025

    SEC Is “Executed,” Former Official Says

    November 8, 2024

    'The Strolling Useless' Ethereum NFT Sport Is About to Be Killed Off – Decrypt

    May 3, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.