SOL Price Topside Bias Vulnerable If Solana Continues To Struggle Below $170

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	93,001,387,797	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

93,001,387,797

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	2.23	1.14%	198.59	198.58	198.59

Price Change

Price Change %

Current Price

Bid Price

Offer

2.23

1.14%

198.59

198.58

198.59

High Price	Low Price	Open Price	Prev. Close	52 Week Range
205.20	195.79	197.21	196.36	42.27 - 210.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

205.20

195.79

197.21

196.36

42.27 - 210.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	23:19:40	0.002861	198.59	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

23:19:40

0.002861

198.59

USD

Price x Volume	Volume	Base Symbol	Related Pairs
277,127,969.04	1,384,153.53	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

277,127,969.04

1,384,153.53

SOL Price Topside Bias Vulnerable If Solana Continues To Struggle Below $170

25/04/2024 6:09am

NEWSBTC

Solana attempted a recovery wave above the $140 level. SOL price is now struggling to clear the $160 and $170 resistance levels. SOL price recovered higher and tested the $160 resistance against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $146 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it stays below $160 and $170 for a long time. Solana Price Faces Resistance Solana price started a major decline below the $170 and $160 support levels. SOL tested the $115 zone and recently started an upside correction, like Bitcoin and Ethereum. There was a decent increase above the $130 and $140 levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $205 swing high to the $115 low. It even spiked above the $155 zone and the 100 simple moving average (4 hours). However, the bears are active near the $160 zone and the 50% Fib retracement level of the downward wave from the $205 swing high to the $115 low. The price struggled and corrected gains. Source: SOLUSD on TradingView.com Solana is now trading below $160 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $146 on the 4-hour chart of the SOL/USD pair. Immediate resistance is near the $155 level. The next major resistance is near the $160 level. A successful close above the $160 resistance could set the pace for another major increase. The next key resistance is near $170. Any more gains might send the price toward the $188 level. Another Decline in SOL? If SOL fails to rally above the $160 resistance, it could start another decline. Initial support on the downside is near the $145 level and the trend line. The first major support is near the $132 level, below which the price could test $120. If there is a close below the $120 support, the price could decline toward the $100 support in the near term. Technical Indicators 4-Hours MACD – The MACD for SOL/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $146, and $132. Major Resistance Levels – $155, $160, and $170.

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SOLUSD Solana