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Solana (SOL) Freefall—Can It Hold Above The $100 Danger Zone?

April 7, 2025
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Solana began a recent decline beneath the $112 help zone. SOL worth is now consolidating and would possibly wrestle to remain above the $100 help zone.

SOL worth began a recent decline beneath $112 help zone towards the US Greenback.
The worth is now buying and selling beneath $105 and the 100-hourly easy shifting common.
There was a break beneath a key contracting triangle with help at $118 on the hourly chart of the SOL/USD pair (knowledge supply from Kraken).
The pair might speed up decrease if there’s a break beneath the $100 help zone.

Solana Worth Dips Over 15%

Solana worth began a recent decline beneath the $122 and $115 ranges, like Bitcoin and Ethereum. SOL even declined beneath the $112 help stage to enter a bearish zone.

There was a break beneath a key contracting triangle with help at $118 on the hourly chart of the SOL/USD pair. The worth declined over 15% and traded near the $102 stage. A low was shaped at $102 and the value lately began a consolidation part.

The present worth motion remains to be very bearish beneath 23.6% Fib retracement stage of the downward transfer from the $121 swing excessive to the $102 low. Solana is now buying and selling beneath $105 and the 100-hourly easy shifting common.

On the upside, the value is going through resistance close to the $105 stage. The subsequent main resistance is close to the $112 stage or the 50% Fib retracement stage of the downward transfer from the $121 swing excessive to the $102 low. The principle resistance might be $116.

A profitable shut above the $116 resistance zone might set the tempo for an additional regular enhance. The subsequent key resistance is $120. Any extra positive aspects would possibly ship the value towards the $125 stage.

One other Decline in SOL?

If SOL fails to rise above the $105 resistance, it might begin one other decline. Preliminary help on the draw back is close to the $102 zone. The primary main help is close to the $100 stage.

A break beneath the $100 stage would possibly ship the value towards the $92 zone. If there’s a shut beneath the $92 help, the value might decline towards the $84 help 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 beneath the 50 stage.

Main Help Ranges – $102 and $100.

Main Resistance Ranges – $105 and $112.



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Tags: DangerFreefallCanholdSOLSolanaZone
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