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😂 Oh, Solana (SOL), you\’re at it again! Started a fresh decline below the $165 pivot zone, and now you\’re trying to recover, but those pesky hurdles near the $165 zone are still getting in the way 🚧.
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- SOL price took a nosedive below $162 and $160 against the US Dollar 📉.
- Now trading below $162 and the 100-hourly simple moving average 📊.
- A new bearish trend line is forming with resistance at $159 on the hourly chart of the SOL/USD pair 📈 (data source from Kraken, because who else can we trust? 🤷\u200d♂️).
- If SOL clears $160 and $162, it might actually move up ⬆️, but don\’t hold your breath 😂.
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Solana Price Faces Hurdles, Because Life\’s Just Not Fair 😩
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Solana\’s price extended losses below $150, but then those lovely bulls appeared, like Bitcoin and Ethereum, to save the day 🐂. SOL tested the $145 zone and started a recovery wave 🌊.
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There was a move above the $150 and $155 resistance levels, and the price even climbed above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low 📊. But, of course, the bears were all like, “Nah, we\’re not letting you go that easy!” 🐻, and they remained active near the $162-$165 resistance zone.
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Oh, and did I mention the new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair? 📉 Yeah, that\’s still a thing.
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On the upside, immediate resistance is near the $160 level and the trend line 🚧. The next major resistance is near the $162 level 📊. The main resistance could be $165 💸. A successful close above the $165 resistance zone could set the pace for another steady increase 🚀.
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The next key resistance is $172 and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low 📈. Any more gains might send the price toward the $180 level 🚀, but don\’t get too excited, it\’s not like SOL is going to make it that easy 😜.
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Another Decline In SOL? 🤔
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If SOL fails to rise above the $160 resistance, it could continue to move down ⬇️. Initial support on the downside is near the $150 zone 🛑. The first major support is near the $145 level 📊.
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A break below the $145 level might send the price toward the $138 support zone 📉. If there is a close below the $138 support, the price could decline toward the $130 zone in the near term 🕰️.
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Technical Indicators 📊
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Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone 🐻.
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Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level 📊.
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Major Support Levels – $150 and $145 🛑.
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Major Resistance Levels – $160 and $165 🚧.
\n
😂 Oh, Solana (SOL), you’re at it again! Started a fresh decline below the $165 pivot zone, and now you’re trying to recover, but those pesky hurdles near the $165 zone are still getting in the way 🚧.
- SOL price took a nosedive below $162 and $160 against the US Dollar 📉.
- Now trading below $162 and the 100-hourly simple moving average 📊.
- A new bearish trend line is forming with resistance at $159 on the hourly chart of the SOL/USD pair 📈 (data source from Kraken, because who else can we trust? 🤷♂️).
- If SOL clears $160 and $162, it might actually move up ⬆️, but don’t hold your breath 😂.
Solana Price Faces Hurdles, Because Life’s Just Not Fair 😩
Solana’s price extended losses below $150, but then those lovely bulls appeared, like Bitcoin and Ethereum, to save the day 🐂. SOL tested the $145 zone and started a recovery wave 🌊.
There was a move above the $150 and $155 resistance levels, and the price even climbed above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low 📊. But, of course, the bears were all like, “Nah, we’re not letting you go that easy!” 🐻, and they remained active near the $162-$165 resistance zone.
Oh, and did I mention the new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair? 📉 Yeah, that’s still a thing.
On the upside, immediate resistance is near the $160 level and the trend line 🚧. The next major resistance is near the $162 level 📊. The main resistance could be $165 💸. A successful close above the $165 resistance zone could set the pace for another steady increase 🚀.
The next key resistance is $172 and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low 📈. Any more gains might send the price toward the $180 level 🚀, but don’t get too excited, it’s not like SOL is going to make it that easy 😜.
Another Decline In SOL? 🤔
If SOL fails to rise above the $160 resistance, it could continue to move down ⬇️. Initial support on the downside is near the $150 zone 🛑. The first major support is near the $145 level 📊.
A break below the $145 level might send the price toward the $138 support zone 📉. If there is a close below the $138 support, the price could decline toward the $130 zone in the near term 🕰️.
Technical Indicators 📊
Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone 🐻.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level 📊.
Major Support Levels – $150 and $145 🛑.
Major Resistance Levels – $160 and $165 🚧.
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2025-11-07 08:34