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{"id":634802,"date":"2024-08-12T05:28:57","date_gmt":"2024-08-12T05:28:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=634802"},"modified":"2024-08-12T04:48:23","modified_gmt":"2024-08-12T04:48:23","slug":"solana-price-sol-slips-140","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/solana-price-sol-slips-140\/","title":{"rendered":"Solana Price (SOL) Slips to $140: Will This Level Support a Rebound?"},"content":{"rendered":"

Solana started a downside correction from the $162 resistance zone. SOL price is back to $140 and might attempt a fresh increase above $150.<\/em><\/p>\n

\n
SOL price started a downside correction below the $155 and $150 levels the US Dollar.<\/li>\n
The price is now trading below $150 and the 100-hourly simple moving average.<\/li>\n
There was a break below a rising channel with support at $154 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start another increase if it clears the $150 resistance zone.<\/li>\n<\/ul>\n
Solana Price Trims Gains and Revisit $140<\/h2>\n
Solana price started a downside correction after it failed to clear the $162 zone. SOL dipped below the $155 support level and moved into a short-term bearish zone like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
There was a break below a rising channel with support at $154 on the hourly chart of the SOL\/USD pair. The pair dipped below the $145 level. It even tested the $140 zone. A low was formed at $141.29 and the price is now consolidating losses.<\/p>\n
Solana is now trading well below $150 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $145 level. It is close to the 23.6% Fib retracement level of the downward move from the $158 swing high to the $141 low.<\/p>\n
$\"Solana$ <\/a>
Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near the $150 level or the 50% Fib retracement level of the downward move from the $158 swing high to the $141 low. A successful close above the $150 resistance could set the pace for another steady increase. The next key resistance is near $155. Any more gains might send the price toward the $162 level.<\/p>\n
More Downsides in SOL?<\/h2>\n
If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $142 level. The first major support is near the $140 level.<\/p>\n
A break below the $140 level might send the price toward $132. If there is a close below the $132 support, the price could decline toward the $124 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bearish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n
Major Support Levels \u2013 $142 and $135.<\/p>\n
Major Resistance Levels \u2013 $150 and $155.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a downside correction from the $162 resistance zone. SOL price is back to $140 and might attempt a fresh increase above $150. SOL price started a downside correction below the $155 and $150 levels the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break below a rising channel with support at $154 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could start another increase if it clears the $150 resistance zone. Solana Price Trims Gains and Revisit $140 Solana price started a downside correction after it failed to clear the $162 zone. SOL dipped below the $155 support level and moved into a short-term bearish zone like Bitcoin and Ethereum. There was a break below a rising channel with support at $154 on the hourly chart of the SOL\/USD pair. The pair dipped below the $145 level. It even tested the $140 zone. A low was formed at $141.29 and the price is now consolidating losses. Solana is now trading well below $150 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $145 level. It is close to the 23.6% Fib retracement level of the downward move from the $158 swing high to the $141 low. The next major resistance is near the $150 level or the 50% Fib retracement level of the downward move from the $158 swing high to the $141 low. A successful close above the $150 resistance could set the pace for another steady increase. The next key resistance is near $155. Any more gains might send the price toward the $162 level. More Downsides in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $142 level. The first major support is near the $140 level. A break below the $140 level might send the price toward $132. If there is a close below the $132 support, the price could decline toward the $124 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level. Major Support Levels \u2013 $142 and $135. Major Resistance Levels \u2013 $150 and $155.<\/p>\n","protected":false},"author":67,"featured_media":634804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[12837,83626,89318,86410,83627],"class_list":["post-634802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana Price (SOL) Slips to $140: Will This Level Support a Rebound?<\/title>\n<meta name=\"description\" content=\"Solana started a downside correction from the $162 resistance zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Solana Price (SOL) Slips to $140: Will This Level Support a Rebound?","url":"http:\/\/uniquehot.com\/analysis\/solana-price-sol-slips-140\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/solana-price-sol-slips-140\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Solana-SOL-Hits-140.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Solana-SOL-Hits-140.jpg?fit=1792%2C1024"},"articleSection":"Technical analysis","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["sol","solana","solbtc","solusd","solusdt"],"dateCreated":"2024-08-12T05:28:57Z","datePublished":"2024-08-12T05:28:57Z","dateModified":"2024-08-12T05:28:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Solana Price (SOL) Slips to $140: Will This Level Support a Rebound?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/solana-price-sol-slips-140\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/solana-price-sol-slips-140\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Solana-SOL-Hits-140.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Solana-SOL-Hits-140.jpg?fit=1792%2C1024\"},\"articleSection\":\"Technical analysis\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"sol\",\"solana\",\"solbtc\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-08-12T05:28:57Z\",\"datePublished\":\"2024-08-12T05:28:57Z\",\"dateModified\":\"2024-08-12T05:28:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Solana-SOL-Hits-140.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/634802"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=634802"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/634802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/634804"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=634802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=634802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=634802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}