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

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

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

Solana Worth Dips Over 15%

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

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

The present value motion continues to be very bearish beneath 23.6% Fib retracement degree 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 transferring common.

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

A profitable shut above the $116 resistance zone may set the tempo for an additional regular improve. The subsequent key resistance is $120. Any extra good points would possibly ship the value towards the $125 degree.

One other Decline in SOL?

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

A break beneath the $100 degree would possibly ship the value towards the $92 zone. If there’s a shut beneath the $92 assist, the value may decline towards the $84 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 Power Index) – The RSI for SOL/USD is beneath the 50 degree.

Main Assist Ranges – $102 and $100.

Main Resistance Ranges – $105 and $112.



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Tags: DangerFreefallCanHoldSOLSolanaZone
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