Solana Price Analysis and Key Levels

The cryptocurrency Solana (SOL) entered a downward trend following the tension between Israel and Iran and dropped to the $110 levels. However, it has begun to recover these losses and is approaching the $160 resistance level. SOL is currently gaining downside momentum below $150 and trading below the $160 resistance level. Key Resistance and Support Levels in Solana Price In the four-hour chart of the SOL/USD pair, there is a clear downward trend line with the $160 resistance level. While prices experienced a significant downward movement below the $180 and $160 support levels, a recovery was observed around the $110 level with bulls entering the market. Recovery Signs in Solana Price Solana’s price is recovering from the $115.04 level and showing a movement in line with other major cryptocurrencies. The immediate resistance is at the $150 level, with the next resistance at the $160 level. A close above $160 could […]

Solana Price Analysis and Key Levels

The cryptocurrency Solana (SOL) entered a downward trend following the tension between Israel and Iran and dropped to the $110 levels. However, it has begun to recover these losses and is approaching the $160 resistance level. SOL is currently gaining downside momentum below $150 and trading below the $160 resistance level.

Key Resistance and Support Levels in Solana Price

In the four-hour chart of the SOL/USD pair, there is a clear downward trend line with the $160 resistance level. While prices experienced a significant downward movement below the $180 and $160 support levels, a recovery was observed around the $110 level with bulls entering the market.

Recovery Signs in Solana Price

Solana’s price is recovering from the $115.04 level and showing a movement in line with other major cryptocurrencies. The immediate resistance is at the $150 level, with the next resistance at the $160 level. A close above $160 could allow the price to move towards the $200 level.

Possible Scenarios and Resistances in Solana

If SOL fails to break the $160 resistance, a new downward trend may begin. The first support is at the $140 level and the second major support is at the $132 level. If the $125 support is broken, a decline towards the $115 level is expected. Indicators for Solana suggest that besides the upward momentum, selling pressure may continue.

Useful Information for the Reader

Current immediate resistance: $150
Next major resistance: $160
Important support levels: $140 and $132
Next resistance in a positive scenario: $182
Potential downside in a negative scenario: $115
Technical indicators: MACD upward momentum, RSI below 50

SOL is currently struggling with critical levels and will determine its short-term direction. Investors should consider support and resistance levels when making their moves.

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