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) Teeters on the Edge: Is a Steep Decline Next?

January 13, 2025
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Solana did not clear the $205 resistance and trimmed good points. SOL value is now under $192 and exhibiting a couple of bearish indicators.

SOL value began a contemporary decline after it failed to remain above $200 towards the US Greenback.
The worth is now buying and selling under $192 and the 100-hourly easy shifting common.
There’s a connecting bearish pattern line forming with resistance at $190 on the hourly chart of the SOL/USD pair (knowledge supply from Kraken).
The pair might begin a contemporary enhance if the bulls clear the $192 zone.

Solana Value Dips Once more

Solana value struggled to clear the $200-$205 zone and began a contemporary decline, like Bitcoin and Ethereum. There was a transfer under the $200 and $192 assist ranges.

The worth even dipped under the $185 assist. A low was fashioned at $182.20, and the value is now consolidating losses under the 23.6% Fib retracement stage of the downward transfer from the $223 swing excessive to the $182 low.

Solana is now buying and selling under $192 and the 100-hourly easy shifting common. There’s additionally a connecting bearish pattern line forming with resistance at $190 on the hourly chart of the SOL/USD pair. On the upside, the value is going through resistance close to the $190 stage.

The following main resistance is close to the $192 stage. The primary resistance may very well be $200 or the 50% Fib retracement stage of the downward transfer from the $223 swing excessive to the $182 low. A profitable shut above the $200 resistance zone might set the tempo for one more regular enhance. The following key resistance is $212. Any extra good points would possibly ship the value towards the $225 stage.

One other Decline in SOL?

If SOL fails to rise above the $192 resistance, it might begin one other decline. Preliminary assist on the draw back is close to the $182 stage. The primary main assist is close to the $180 stage.

A break under the $180 stage would possibly ship the value towards the $175 zone. If there’s a shut under the $175 assist, the value might decline towards the $162 assist within the close to time period.

Technical Indicators

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

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

Main Assist Ranges – $182 and $180.

Main Resistance Ranges – $190 and $192.



Source link

Tags: declineEdgeSOLSolanaSteepTeeters
Previous Post

$2.2M in Crypto Frozen by AG Letitia James, Securing Funds for Victims

Next Post

XRP At $15? Analyst Looks Back To 2017 To Predict The Future

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
Over 60% of Pump.fun wallets lost money: report
Analysis

Over 60% of Pump.fun wallets lost money: report

June 5, 2025
Next Post
XRP At $15? Analyst Looks Back To 2017 To Predict The Future

XRP At $15? Analyst Looks Back To 2017 To Predict The Future

Treasury Pick Scott Bessent to Divest BlackRock Bitcoin ETF Before Trump’s Inauguration

Treasury Pick Scott Bessent to Divest BlackRock Bitcoin ETF Before Trump's Inauguration

Fidelity Predicts 2025 as Bitcoin’s Breakout Year, Led by Nation-State Adoption

Fidelity Predicts 2025 as Bitcoin’s Breakout Year, Led by Nation-State Adoption

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