Solana (SOL) Falls Below $150: Is a Rally Still Forming?
The last month has been rather underwhelming for Solana (SOL) as it has led the asset to fall below the critical $150 psychological level. However, there may still be a rally forming, as The last month has been rather underwhelming for Solana (SOL) as it has led the asset to fall below the critical $150 psychological level. However, there may still be a rally forming. Solana’s bull flag pattern projects Solana could be on the verge of a rally to $260, but first, SOL needs to push through a tough overhead resistance level.
Solana (SOL) dropped over 16% in 24 hours, with its market cap falling below $70 billion due to strong selling pressure. Solana price has fallen below the $165 and $150 levels; SOL formed a recent low at $132 before recovering slightly; Price is currently trading below $145 and the 100-hourly.
The technical outlook for Solana appears positive. SOL has formed a consolidation pattern slightly below the crucial $150 resistance level. On the daily chart, a . It may drop below the dynamic support at $141.19 and test the levels close to $140 or range slightly below around $138. However, a rebound could follow, but until.
On the flip side, if bearish pressure prevails and Solana falls below $150, the next significant support level to watch would be around $143. This level is indicated by the. The Ichimoku Cloud confirms a bearish trend, with.
El reciente rally del 7% de Solana refleja una recuperación más amplia del mercado, pero carece de momentum impulsado por la demanda. La divergencia bajista en el.
Key takeaways:
- Solana’s recent price action has been volatile.
- Falling below $150 is a significant concern.
- Technical analysis suggests a potential rally, but resistance remains.
- Support levels around $143 and below should be monitored closely.