Solana failed to settle above $140 and nosedived. SOL price is now consolidating losses below $135 and might struggle to start a recovery wave.

• SOL price started a fresh decline below $136 and $135 against the US Dollar.
• The price is now trading below $135 and the 100-hourly simple moving average.
• There is a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The price could start a recovery wave if the bulls defend $128 or $125.

Solana Price Dips Further

Solana price failed to remain stable above $140 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $138 and $135 support levels.

The price gained bearish momentum below $132. A low was formed at $124, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $124 low.

Solana is now trading below $135 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $134 level or the 50% Fib retracement level of the downward move from the $143 swing high to the $124 low.

The next major resistance is near the $136 level. The main resistance could be $138. There is also a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair. A successful close above the $138 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level.

Another Decline In SOL?

If SOL fails to rise above the $133 resistance, it could continue to move down. Initial support on the downside is near the $129 zone. The first major support is near the $125 level.

A break below the $125 level might send the price toward the $120 support zone. If there is a close below the $120 support, the price could decline toward the $112 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $129 and $125.

Major Resistance Levels – $133 and $138.

Solana failed to settle above $145 and nosedived. SOL price is now consolidating losses below $135 and might decline further below $130.

• SOL price started a fresh decline below $138 and $135 against the US Dollar.
• The price is now trading below $135 and the 100-hourly simple moving average.
• There is a key bearish trend line forming with resistance at $140 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The price could start a recovery wave if the bulls defend $132 or $130.

Solana Price Dips Again

Solana price failed to remain stable above $142 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $140 and $138 support levels.

The price gained bearish momentum below $135. A low was formed at $130, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $130 low.

Solana is now trading below $135 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $135 level. The next major resistance is near the $136 level or the 50% Fib retracement level of the downward move from the $143 swing high to the $130 low.

The main resistance could be $140. There is also a key bearish trend line forming with resistance at $140 on the hourly chart of the SOL/USD pair. A successful close above the $140 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level.

Another Decline In SOL?

If SOL fails to rise above the $136 resistance, it could continue to move down. Initial support on the downside is near the $132 zone. The first major support is near the $130 level.

A break below the $130 level might send the price toward the $122 support zone. If there is a close below the $122 support, the price could decline toward the $115 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $132 and $130.

Major Resistance Levels – $136 and $140.

Solana failed to stay above $146 and corrected gains. SOL price is now trading below $145 and might find bids near the $140 zone.

• SOL price started a downside correction below $145 against the US Dollar.
• The price is now trading below $145 and the 100-hourly simple moving average.
• There is a bullish trend line forming with support at $141 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend losses if it dips below the $140 zone.

Solana Price Starts Downside Correction

Solana price failed to surpass $150 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $146 and $145 to enter a short-term bearish zone.

There was a move below the 61.8% Fib retracement level of the upward wave from the $138 swing low to the $149 high. However, the bulls are active above $140. Besides, there is a bullish trend line forming with support at $141 on the hourly chart of the SOL/USD pair.

Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $144 level. The next major resistance is near the $146 level. The main resistance could be $148. A successful close above the $148 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level.

More Losses In SOL?

If SOL fails to rise above the $146 resistance, it could start another decline. Initial support on the downside is near the $141 zone and the trend line. The first major support is near the $140 level and the 76.4% Fib retracement level of the upward wave from the $138 swing low to the $149 high.

A break below the $140 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $124 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $141 and $140.

Major Resistance Levels – $146 and $148.

Solana started a fresh increase above the $142 zone. SOL price is now consolidating above $142 and might aim for more gains above the $150 zone.

• SOL price started a fresh upward move above the $142 and $145 levels against the US Dollar.
• The price is now trading above $142 and the 100-hourly simple moving average.
• There is a bullish trend line forming with support at $140 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend gains if it clears the $150 resistance zone.

Solana Price Starts Fresh Surge

Solana price started a decent increase after it settled above the $135 zone, like Bitcoin and Ethereum. SOL climbed above the $140 level to enter a short-term positive zone.

The price even smashed the $142 resistance. The bulls were able to push the price above $145. A high was formed at $148, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $138 swing low to the $148 high.

Solana is now trading above $142 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $140 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near $148. The next major resistance is near the $150 level. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $170 level.

Downside Correction In SOL?

If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $144 zone. The first major support is near the $143 level or the 50% Fib retracement level of the recent upward move from the $138 swing low to the $148 high.

A break below the $143 level might send the price toward the $140 support zone and the trend line. If there is a close below the $140 support, the price could decline toward the $135 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $144 and $140.

Major Resistance Levels – $148 and $150.