{"id":48648,"date":"2024-06-12T05:05:26","date_gmt":"2024-06-12T05:05:26","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/06\/12\/sol-price-struggles-to-find-solid-ground\/"},"modified":"2024-06-12T05:05:26","modified_gmt":"2024-06-12T05:05:26","slug":"sol-price-struggles-to-find-solid-ground","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/06\/12\/sol-price-struggles-to-find-solid-ground\/","title":{"rendered":"SOL Price Struggles to Find Solid Ground"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Solana prolonged losses beneath the $150 assist zone. SOL worth is consolidating and may recuperate if it clears the $152.50 resistance zone.<\/em><\/p>\n<ul>\n<li>SOL worth declined additional and even traded beneath $150 in opposition to the US Dollar.<\/li>\n<li>The worth is now buying and selling beneath $160 and the 100-hourly easy transferring common.<\/li>\n<li>There is a connecting bearish pattern line forming with resistance at $150 on the hourly chart of the SOL\/USD pair (information supply from Kraken).<\/li>\n<li>The pair might clear the $152.50 resistance to begin a short-term restoration wave.<\/li>\n<\/ul>\n<h2>Solana Price Eyes Recovery<\/h2>\n<p>Solana worth remained in a short-term bearish zone like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-in-decline-66k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-slips-3430\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>. SOL prolonged losses beneath the $160 assist zone and is now consolidating losses. It is caught beneath the $150 stage.<\/p>\n<p>There was a minor transfer above the 23.6% Fib retracement stage of the downward transfer from the $163.25 swing excessive to the $145.03 low. Solana worth is now buying and selling beneath $155 and the 100-hourly easy transferring common. Immediate resistance is close to the $150 stage.<\/p>\n<p>There can also be a connecting bearish pattern line forming with resistance at $150 on the hourly chart of the SOL\/USD pair. The subsequent main resistance is close to the $152.50 stage. A profitable shut above the $152.50 resistance might set the tempo for one more main improve.<\/p>\n<figure id=\"attachment_624143\" aria-describedby=\"caption-attachment-624143\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461\"><img decoding=\"async\" class=\"wp-image-624143 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461\" alt=\"Solana Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Solana_7a1a8a.png?resize=1024%2C461?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><figcaption id=\"caption-attachment-624143\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener\">SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The subsequent key resistance is close to $157 or the 61.8% Fib retracement stage of the downward transfer from the $163.25 swing excessive to the $145.03 low. Any extra beneficial properties may ship the worth towards the $165 stage.<\/p>\n<h2>More Losses in SOL?<\/h2>\n<p>If SOL fails to rally above the $152.50 resistance, it might begin one other decline. Initial assist on the draw back is close to the $145 stage.<\/p>\n<p>The first main assist is close to the $142 stage, beneath which the worth might check $135. If there&#8217;s a shut beneath the $135 assist, the worth might decline towards the $120 assist within the close to time period.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is dropping tempo within the bearish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is beneath the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $145, and $142.<\/p>\n<p>Major Resistance Levels \u2013 $152.50, $157, and $165.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/solana-tough-climb-150\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana prolonged losses beneath the $150 assist zone. SOL worth is consolidating and may recuperate if it clears the $152.50 resistance zone. SOL worth declined additional and even traded beneath $150 in opposition to the US Dollar. The worth is now buying and selling beneath $160 and the 100-hourly easy transferring common. There is a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2036,4387,110,425,3296,21],"class_list":{"0":"post-48648","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-find","9":"tag-ground","10":"tag-price","11":"tag-sol","12":"tag-solid","13":"tag-struggles"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/48648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=48648"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/48648\/revisions"}],"predecessor-version":[{"id":48649,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/48648\/revisions\/48649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/48650"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=48648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=48648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=48648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}