Solana started a fresh decline from the $180 zone. SOL price is now moving lower and might decline further below the $160 level.
SOL price started a fresh decline from the $180 resistance zone against the US Dollar.
The price is now trading below $170 and the 100-hourly simple moving average.
There is a connecting bearish trend line forming with resistance at $170 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a fresh increase if it clears the $170 resistance zone.
Solana Price Dips Further
Solana price failed to continue higher above the $180 level and started a fresh decline, unlike Bitcoin and Ethereum. SOL gained pace and traded below the $170 support level.
The price even traded below the $162 level. A low was formed near $160 and the price recently started a recovery wave. There was a move above the $165 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $180 swing high to the $160 low.
Solana
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-faces-selling-160/
