Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance.
SOL price started a fresh decline below the $162 and $150 levels against the US Dollar.
The price is now trading below $150 and the 100-hourly simple moving average.
There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a fresh increase if the bulls clear the $150 zone.
Solana Price Dips Heavily
Solana price struggled to clear the $180 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $165 and $155 support levels.
It even dived below the $150 level. There was a break below a connecting bullish trend line with support at $148 on the hourly chart of the SOL/USD pair. The recent low was formed at $132 and the price is now consolidating losses with a bearish angle.
Solana is now trading below $
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-plunges-132/
