Solana (SOL) Tests Support After Dip — Bounce or Breakdown Ahead?

Solana (SOL) Tests Support After Dip — Bounce or Breakdown Ahead?
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Solana started a fresh decline from the $160 zone. SOL price is now consolidating losses and might decline further below the $145 level.

SOL price started a fresh decline from the $160 resistance zone against the US Dollar.
The price is now trading below $155 and the 100-hourly simple moving average.
There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a fresh increase if it clears the $152 resistance zone.

Solana Price Dips Further
Solana price failed to continue higher above the $160 level and started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded below the $155 support level.
There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL/USD pair. The pair even traded below the $148 level. A low was formed near $145 and the price recently started a consolidation phase. It tested the 23.6% Fib retracement level o

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We współpracy z: https://www.newsbtc.com/analysis/solana-sol-tests-support-145/

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