Solana failed to stay above $144 and corrected gains. SOL price is now trading below $140 and might find bids near the $135 zone.

• SOL price started a downside correction below $140 against the US Dollar.
• The price is now trading above $135 and the 100-hourly simple moving average.
• There was a break below a bullish trend line with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend losses if it dips below the $135 zone.

Solana Price Starts Downside Correction

Solana price failed to surpass $148 and started a downside correction, beating Bitcoin and Ethereum. SOL dipped below $145 and $144 to enter a short-term bearish zone.

There was a move below the 23.6% Fib retracement level of the upward wave from the $123 swing low to the $147 high. Besides, there was a break below a bullish trend line with support at $144 on the hourly chart of the SOL/USD pair.

Solana is now trading above $135 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $142 level. The next major resistance is near the $145 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 $165 level.

More Losses In SOL?

If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $135 zone and the 50% Fib retracement level of the upward wave from the $123 swing low to the $147 high. The first major support is near the $132 level.

A break below the $132 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $122 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 – $135 and $132.

Major Resistance Levels – $142 and $148.

Solana started a fresh increase above the $135 zone. SOL price is now consolidating above $142 and might aim for more gains above the $145 zone.

• SOL price started a fresh upward move above the $135 and $140 levels against the US Dollar.
• The price is now trading above $140 and the 100-hourly simple moving average.
• There is a bullish trend line forming with support at $143 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could extend gains if it clears the $145 resistance zone.

Solana Price Gains Momentum

Solana price started a decent increase after it settled above the $128 zone, like Bitcoin and Ethereum. SOL climbed above the $135 level to enter a short-term positive zone.

The price even smashed the $140 resistance. The bulls were able to push the price above $142. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $123 swing low to the $146 high.

Solana is now trading above $140 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $143 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near $145. The next major resistance is near the $148 level. The main resistance could be $150. A successful close above the $150 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 $180 level.

Another Pullback In SOL?

If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $143 zone and the trend line. The first major support is near the $135 level and the 50% Fib retracement level of the recent upward move from the $123 swing low to the $146 high.

A break below the $135 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 support in the near term.

Technical Indicators

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

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

Major Support Levels – $143 and $135.

Major Resistance Levels – $145 and $150.

Solana started a recovery wave above the $135 zone. SOL price is now consolidating and faces hurdles near the $140 zone.

• SOL price started a decent recovery wave above $132 and $135 against the US Dollar.
• The price is now trading above $135 and the 100-hourly simple moving average.
• There was a break above a key bearish trend line with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The price could continue to move up if it clears $140 and $142.

Solana Price Jumps 10%

Solana price remained stable and started a decent recovery wave above $130, like Bitcoin and Ethereum. SOL was able to climb above the $135 level.

There was a move above the 61.8% Fib retracement level of the downward move from the $145 swing high to the $123 low. Besides, there was a break above a key bearish trend line with resistance at $138 on the hourly chart of the SOL/USD pair.

Solana is now trading above $135 and the 100-hourly simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $145 swing high to the $123 low. On the upside, immediate resistance is near the $140 level.

The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 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.

Another Decline In SOL?

If SOL fails to rise above the $140 resistance, it could continue to move down. Initial support on the downside is near the $136 zone and the same trend line. The first major support is near the $134 level.

A break below the $134 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 zone 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 – $136 and $134.

Major Resistance Levels – $140 and $142.

Solana started a fresh decline below the $135 zone. SOL price is now consolidating losses below $130 and might decline further below $125.

• SOL price started a fresh decline below $135 and $130 against the US Dollar.
• The price is now trading below $130 and the 100-hourly simple moving average.
• There is a key bearish trend line forming with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The price could start a recovery wave if the bulls defend $125 or $120.

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 $135 and $132 support levels.

The price gained bearish momentum below $130. A low was formed at $123, and the price is now consolidating losses. The price recovered a few points and tested the 23.6% Fib retracement level of the downward move from the $144 swing high to the $123 low.

Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $128 level. The next major resistance is near the $130 level. The main resistance could be $134 or the 50% Fib retracement level of the downward move from the $144 swing high to the $123 low.

There is also a key bearish trend line forming with resistance at $136 on the hourly chart of the SOL/USD pair. A successful close above the $136 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $145 level.

Another Decline In SOL?

If SOL fails to rise above the $130 resistance, it could continue to move down. Initial support on the downside is near the $125 zone. The first major support is near the $122 level.

A break below the $122 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 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 – $125 and $122.

Major Resistance Levels – $130 and $136.