Saturday, August 2, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Solana (SOL) Hints at Downside Correction: Can It Hold Key Support?

23 October 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


Solana struggled to clear the $172 resistance zone. SOL worth is correcting beneficial properties and may quickly check the $162 help zone.

SOL worth is correcting beneficial properties from the $172 resistance zone in opposition to the US Greenback.
The value is now buying and selling above $162 and the 100-hourly easy shifting common.
There was a break under a connecting bullish pattern line with help at $166 on the hourly chart of the SOL/USD pair (information supply from Kraken).
The pair may revisit the $162 help zone earlier than the bulls take a stand.

Solana Worth Eyes Retest of Assist

Solana worth climbed above the $150 and $155 ranges. SOL gained tempo after there was a detailed above the $162 resistance stage. Nevertheless, the bears had been energetic close to the $172 zone.

The value began a draw back correction from the $171 excessive like Bitcoin and Ethereum. There was a transfer under the $168 stage. The value declined under the 50% Fib retracement stage of the upward transfer from the $161.23 swing low to the $171.00 excessive.

Moreover, there was a break under a connecting bullish pattern line with help at $166 on the hourly chart of the SOL/USD pair. Solana is now buying and selling above $162 and the 100-hourly easy shifting common.

On the upside, the value is dealing with resistance close to the $168 stage. The following main resistance is close to the $170 stage. The principle resistance may very well be $172. A profitable shut above the $170 and $172 resistance ranges may set the tempo for one more regular improve. The following key resistance is $180. Any extra beneficial properties may ship the value towards the $188 stage.

Extra Losses in SOL?

If SOL fails to rise above the $170 resistance, it may begin one other decline. Preliminary help on the draw back is close to the $164 stage or the 76.4% Fib retracement stage of the upward transfer from the $161.23 swing low to the $171.00 excessive.

The primary main help is close to the $162 stage. A break under the $162 stage may ship the value towards the $155 zone. If there’s a shut under the $155 help, the value may decline towards the $150 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 under the 50 stage.

Main Assist Ranges – $164 and $162.

Main Resistance Ranges – $168 and $172.



Source link

Tags: CorrectionDownsideHintsHoldKeySOLSolanaSupport
Previous Post

Ethereum Milestone Looms: Market Expert Foresees Breakthrough To $10,000 Mark | Bitcoinist.com

Next Post

Cypherock X1 Promises Improved Security for Crypto Holders

Related Posts

Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First
Analysis

Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First

2 August 2025
Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal
Analysis

Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal

1 August 2025
XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter
Analysis

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

1 August 2025
Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal
Analysis

Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal

1 August 2025
XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal
Analysis

XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal

31 July 2025
Analyst Says XRP Price Is Now In Wave 4 — What To Expect
Analysis

Analyst Says XRP Price Is Now In Wave 4 — What To Expect

1 August 2025
Next Post
Cypherock X1 Promises Improved Security for Crypto Holders

Cypherock X1 Promises Improved Security for Crypto Holders

How Michael Saylor’s Bitcoin Prediction Unlocks $150,000 Per Year with Only 1 Bitcoin in…

How Michael Saylor’s Bitcoin Prediction Unlocks $150,000 Per Year with Only 1 Bitcoin in…

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Hong Kong Reports Decrease in Negative Equity Residential Mortgages by Mid-2025

Hong Kong Reports Decrease in Negative Equity Residential Mortgages by Mid-2025

2 August 2025
FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes

FCA Announces Plans to Grant Retail Access to Crypto Exchange-Traded Notes

2 August 2025
Crypto Explosion Ahead? CLARITY Act Could Push Market To $10-T — Cardano Founder | Bitcoinist.com

Crypto Explosion Ahead? CLARITY Act Could Push Market To $10-T — Cardano Founder | Bitcoinist.com

2 August 2025
XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

2 August 2025
Hong Kong Stablecoin Licensing Regime Takes Effect

Hong Kong Stablecoin Licensing Regime Takes Effect

2 August 2025
Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

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

SITEMAP

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

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

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

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily 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
  • bitcoinBitcoin(BTC)$113,553.00-1.37%
  • ethereumEthereum(ETH)$3,469.09-5.01%
  • rippleXRP(XRP)$2.960.66%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$751.77-2.61%
  • solanaSolana(SOL)$162.09-4.02%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,466.72-4.97%
  • tronTRON(TRX)$0.3257280.26%
  • dogecoinDogecoin(DOGE)$0.196134-4.08%