Solana, miubos na sa ₱4,645 ($80) nga Suporta, Gisulayan ang ₱4,471 ($77) Floor
Solana tested a low of $77.30 after breaking through multiple support levels in a sharp decline. The token now trades below its 100-hour simple moving average with a bearish trend line forming resistance at ₱4,761 ($82).
Solana tested a low of $77.30 after breaking through multiple support levels in a sharp decline that pushed the token below $80.
The sell-off started when SOL failed to settle above $92 and began consolidating below $85. The token quickly lost the $90 support level, then broke through $85 and gained bearish momentum below $82. The price dipped over 5% during the decline.
Bulls attempted a recovery from the $77.30 low, but SOL struggled to reclaim the 23.6% Fibonacci retracement level of the downward move from the $86.68 swing high to the $77.30 low.
Immediate resistance sits near $80, with major resistance at $82—the 50% Fibonacci retracement level and a key bearish trend line on the hourly chart. The main resistance stands at $83.10, and a break above that level could push SOL toward $87. Further gains might drive the price toward $92.
On the downside, initial support forms near $77, with the first major support at $75. A break below $75 could send SOL toward the $70 support zone, and a close below $70 might trigger a decline toward $62. The RSI sits below 50, confirming bearish momentum remains in control of the market.
Kini nga artikulo gisulat base sa report gikan sa NewsBTC.
