Sunday, June 8, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Solana (SOL) Clings to Key Support: Is a Bounce Imminent?

October 4, 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Solana trimmed positive factors and examined the $132 assist. SOL value is consolidating and would possibly purpose for a recent improve above the $140 resistance zone.

SOL value began a recent decline under the $145 zone towards the US Greenback.
The value is now buying and selling close to $142 and the 100-hourly easy transferring common.
There was a break above a short-term bearish pattern line with resistance at $136 on the hourly chart of the SOL/USD pair (knowledge supply from Kraken).
The pair may begin a restoration wave if it stays above the $132 assist zone.

Solana Value Revisits $132

Solana value began a recent decline from the $162 resistance like Bitcoin and Ethereum. SOL declined under the $155 and $150 assist ranges. It even declined under $142.

Nevertheless, the bulls have been energetic above the $132 assist. A low was fashioned at $133.17 and the worth is now consolidating losses. There was a transfer above the $135 degree. The value climbed above the 23.6% Fib retracement degree of the current decline from the $1482 swing excessive to the $133 low.

There was additionally a break above a short-term bearish pattern line with resistance at $136 on the hourly chart of the SOL/USD pair. Solana is now buying and selling under $142 and the 100-hourly easy transferring common.

On the upside, the worth is dealing with resistance close to the $140 degree. The subsequent main resistance is close to the $142 degree. It’s near the 61.8% Fib retracement degree of the current decline from the $1482 swing excessive to the $133 low. The principle resistance might be $148.

A profitable shut above the $148 and $150 resistance ranges may set the tempo for one more regular improve. The subsequent key resistance is close to $155. Any extra positive factors would possibly ship the worth towards the $162 degree.

Extra Downsides in SOL?

If SOL fails to rise above the $140 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $135 degree. The primary main assist is close to the $132 degree.

A break under the $132 degree would possibly ship the worth towards the $120 zone. If there’s a shut under the $120 assist, the worth may decline towards the $112 assist within the close to time period.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is shedding tempo within the bearish zone.

Hourly Hours RSI (Relative Energy Index) – The RSI for SOL/USD is under the 50 degree.

Main Help Ranges – $135 and $132.

Main Resistance Ranges – $140 and $148.



Source link

Tags: BounceClingsImminentKeySOLSolanaSupport
Previous Post

XRP Price Stabilizes After Losses: Can Bulls Regain Momentum?

Next Post

New HBO Film Claims to Identify Satoshi Nakamoto

Related Posts

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH
Analysis

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH

June 6, 2025
XRP price forecast as Ripple USD (RLUSD) volume drops
Analysis

XRP price forecast as Ripple USD (RLUSD) volume drops

June 7, 2025
Bitcoin at $104K, but falling MVRV ratio hints at short-term correction
Analysis

Bitcoin at $104K, but falling MVRV ratio hints at short-term correction

June 7, 2025
XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
Analysis

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

June 6, 2025
A Buying Opportunity or Warning Sign?
Analysis

A Buying Opportunity or Warning Sign?

June 7, 2025
Can Bulls Defend This Critical Support Level?
Analysis

Can Bulls Defend This Critical Support Level?

June 8, 2025
Next Post
New HBO Film Claims to Identify Satoshi Nakamoto

New HBO Film Claims to Identify Satoshi Nakamoto

HBO Claims to Have Found Bitcoin’s Creator in New Documentary

HBO Claims to Have Found Bitcoin's Creator in New Documentary

Nubank Lowers Cryptocurrency Trading Fees

Nubank Lowers Cryptocurrency Trading Fees

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In