Altcoins News
By Julie Binoche
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Bearish Momentum Returns Below $150. Solana attempted to stabilize above $160 but struggled to attract new buying interest.
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Technical Setup Shows Resistance at $148 and $152. Solana is trading below the 100-hourly Simple Moving Average, suggesting that short-term sentiment…
3 / 15
Downside Risks Increase if $142 and $140 Break. If Solana fails to break above the $148–$152 resistance range, the bearish trend may intensify.
4 / 15
Market Sentiment Remains Cautious. Solana’s recent pullback reflects broader market caution.
5 / 15
The Solana price dipped below the important $150 zone once again, extending the recent correction observed across the broader crypto market.
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Solana attempted to stabilize above $160 but struggled to attract new buying interest. The rejection near $162 triggered a sharp move lower, breaking below support zones at $155…
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The price eventually reached a low near $141, where selling pressure eased slightly. Since then, SOL has been consolidating within a tight range, attempting minor recoveries but…
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If buyers manage to push SOL above $148, the next hurdle sits near $152, another resistance level that could weigh on price action.
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Beyond $152, a stronger resistance level appears at $160, which also aligns with the 61.8% Fibonacci retracement level of the latest decline.
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However, given current market signals, such a recovery would require a notable shift in sentiment and volume.
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If Solana fails to break above the $148–$152 resistance range, the bearish trend may intensify. The first key support now lies near $142, close to the recent low.
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A break below $140 would indicate deeper weakness in the market and may open the path toward $132, a support level that has provided stability during previous corrections.
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Traders will be closely watching price reactions near $142 and $140, as these levels could determine whether Solana forms a base for recovery or continues its decline.
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Solana’s recent pullback reflects broader market caution. Although the asset has shown strong performance throughout the year, short-term volatility has increased due to…
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The inability to reclaim $150 and hold above it suggests that traders remain hesitant. For SOL to regain bullish momentum, buyers must step in near $142 or $140 and push the…
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