{"id":626062,"date":"2024-06-24T06:18:31","date_gmt":"2024-06-24T06:18:31","guid":{"rendered":"https:\/\/uniquehot.com\/?p=626062"},"modified":"2024-06-24T06:07:49","modified_gmt":"2024-06-24T06:07:49","slug":"solana-sol-dives-120","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/solana-sol-dives-120\/","title":{"rendered":"Solana (SOL) Dives Nearly 10%: Market Reactions and Future Outlook"},"content":{"rendered":"
Solana failed to climb above the $135 resistance. SOL price started another decline, dropping nearly 10%, and now the bears aim for more downsides.<\/em><\/p>\n
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SOL price remained in a bearish zone below the $142 resistance against the US Dollar.<\/li>\n
The price is now trading below $130 and the 100-hourly simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $130 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could extend losses if there is a close below the $122.50 support zone.<\/li>\n<\/ul>\n
Solana Price Takes Hit<\/h2>\n
Solana price attempted a recovery wave above the $132 level. However, SOL bears defended upsides above the $135 level and the price started another decline like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n