Solana Tests $150 Support — Will the Bulls Hold the Line?
Solana rose over $160 again. SOL is reversing gains and may find offers at $155.
SOL began rising beyond $155 and $160 versus the US Dollar.
The price is below $162 and the 100-hourly SMA.
SOL/USD broke below a positive trend line with support around $162 on the hourly chart.
The pair might rise again if it breaks $162 barrier.
Price Corrects Solana Gains
After breaking $160 barrier, Solana price rose like Bitcoin and Ethereum. SOL entered a short-term bullish zone over $162.
The pricing faces a huge challenge between $168 and $169. After hitting $168.60, the price is correcting. The upward run from the $158 swing low to the $168 high fell below the 50% Fib retracement line.
Additionally, the hourly SOL/USD chart broke below a major bullish trend line with support around $162. Solana is below $162 and the 100-hour SMA. It is also below the 76.4% Fib retracement line of the $158 swing low to $168 high bullish advance.
Price is reaching $158 support. Price is finding resistance at $160 on the upside. Near $162 is the next significant resistance. The major obstacle may be $1685. Close above $168 barrier might start another steady rise. The next hurdle is $178. More advances might push the price toward $185.
More SOL losses?
SOL might tumble again if it fails to break $162 barrier. Around $158 is first downside support. First significant support is around $155.
A fall below $155 might bring prices below $150. If the price closes below $150, it may fall below $145.
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: $158, $155.
Major Resistance: $162, $168.
#solana #sol #CPIWatch #USCryptoWeek $SOL
some call it day 1 of the bear
nah. we just slipped from price-discovery into a range. directionless chop before the next leg
this is still the opening chapter of a new bull. new metas, new narratives, different set of winners
up only is dead but up eventual is alive:
$eth → $4k?
$hype → $75?
$rekt → $500m mcap?
possible
until the range breaks, stack dry powder, track the fresh themes, stay nimble
BNB Token Sees 3.64% Dip After Bullish Breakout, Weekly Gains Hold Amid $2.2B Volume Surge
BNBUSDT experienced a 3.64% decline over the past 24 hours, with the price dropping from 706.47 to 680.74. This short-term pullback follows a recent bullish breakout above the $700 resistance, which was driven by increased trading volume, positive technical indicators, and heightened market activity around Binance’s 8th anniversary promotions. Despite multiple attempts, BNB was unable to sustain levels above the $693-$694 resistance, leading to short-term bearish pressure and profit-taking after recent gains. However, overall sentiment remains positive, supported by strong technical momentum and significant institutional interest, such as Nano Labs’ recent large-scale purchase.
Currently, BNB is trading at 680.74 with a 24-hour trading volume of approximately $2.2 billion, ranking as the fifth-largest cryptocurrency by market capitalization. The asset has shown a weekly gain of over 3%, with a circulating supply near 139.29 million and ongoing quarterly token burns contributing to its supply reduction.