Solana (SOL) Price Analysis: Risks More Losses Below $150 ⚠️
Solana (SOL) continues its bearish drift, falling from the $155 resistance 🚫 and now stabilizing near $145. A break below $142 could lead to deeper losses.
Key Highlights:
Price Action: SOL dropped after rejection at $155 and is now trading below $150 and the 100-hour SMA 📉.
Current Pattern: A short-term rising channel or continuation pattern is forming on the hourly chart with support near $144 🛡️.
Resistance Levels: Facing hurdles near $147 and $150 ⛔—the 61.8% Fib retracement of the $153.90 to $142.64 drop.
Bullish Target: A decisive move above $155 🔓 could fuel a rally toward $165 and even $180 🚀.
Consolidation in Play
Much like Bitcoin and Ethereum ⚙️, SOL found footing near $142 and attempted a recovery. It surged past $145 and $150 briefly, but sellers reappeared at $155. A minor rebound hit $147, but momentum remains weak.
Bearish Scenario 🐻
If SOL fails to break $150:
Immediate support lies at $145 ⚠️
Stronger support at $142—breakdown here could push SOL to $135 or even $122 📉
Technical Indicators:
MACD (Hourly): Gradually rising, but still in the bearish zone 🟠
RSI (Hourly): Below 50, signaling low strength ⚡
Levels to Watch 👀
Support: $145, $142, $135
Resistance: $147, $150, $155
Stay alert—SOL could swing in either direction depending on the next few moves! Trade safe! ⚔️