Solana (SOL) Faces Many Challenges—Can Bulls Hold the Line?

Solana (SOL) Faces Many Challenges—Can Bulls Hold the Line?

Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance.


  • SOL price started a fresh decline below the $150 and $140 levels against the US Dollar.

  • The price is now trading below $130 and the 100-hourly simple moving average.

  • There is a short-term rising channel forming with support at $124 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 $132 zone.

  • Solana Price Faces Resistance


    Solana price struggled to clear the $155 resistance and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $140 and $132 support levels.


    It even dived below the $120 level. The recent low was formed at $114 before the price recovered some losses. It climbed ..

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