🚨 Solana Hits Key Support — Market Braces for Next Move

From $160, Solana fell. SOL price is consolidating losses and may go below $145.

From the $160 US Dollar barrier zone, SOL price fell again.

The price is below $155 and the 100-hourly SMA.

SOL/USD broke below a positive trend line with support at $150 on the hourly chart.

If it breaks $152 barrier, the pair may rise again.

Solana Price Falls More

Like Bitcoin and Ethereum, Solana price fell below $160. SOL accelerated below $155 support.

SOL/USD broke below a positive trend line with support at $150 on the hourly chart. The pair dropped below $148. Price consolidation began after a low around $145. It challenged the 23.6% Fib retracement of the latest drop from $158 swing high to $145 low.

Solana is below $150 and the 100-hour SMA. Prices are finding resistance at $150 on the upside. Around $152 is the next significant resistance. It is around the 50% Fib retracement level of the latest slide from $158 swing high to $145 low.


The major obstacle may be $155. Close above $155 barrier might start another steady rise. The next hurdle is $160. More advances might push the price toward $165.

SOL Decline Again?

SOL may tumble again if it fails to break $152 barrier. Initially, downside support is approaching $145. Near $142 is the first big support.

A breach below $142 might push the price near $130. If the price closes below $130, it may fall below $125.

Tech Indicators

MACD hourly for SOL/USD is rising in the negative zone.

Hourly RSI – RSI for SOL/USD is below 50.

Major Support Levels: $145, $142.

Key Resistance Levels: $152 and $155.

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