Solana (SOL) at a Crossroads: Can It Break Through and Turn Bullish?

Solana (SOL) at a Crossroads: Can It Break Through and Turn Bullish?

Solana started a fresh decline from the $220 zone. SOL price is consolidating and might face resistance near the $215 and $220 levels.


  • SOL price started a fresh decline below the $215 and $212 levels against the US Dollar.

  • The price is now trading below $212 and the 100-hourly simple moving average.

  • There is a short-term declining channel or a bullish flag forming with resistance at $213 on the hourly chart of the SOL/USD pair (data source from Kraken).

  • The pair could start a fresh increase if the bulls clear the $220 zone.

  • Solana Price Faces Resistance


    Solana price struggled to clear the $250 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $220 and $200 support levels.


    It even dived below the $180 level. The recent low was formed at $175 before the price climbed and tested ..

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