Solana Loses Ground as It Targets the $150 Low

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Key Highlights
Solana risks decline below the 21-day SMA
The altcoin hovers above $180 support

Solana (SOL) Current Statistics
The current price: $180.13
Market Capitalization: $103,407,371,246
Trading Volume: $4,649,887,930
Major supply zones: $180, $200, $220
Major demand zones: $100, $80, $60

Solana (SOL) Price Long-Term Prediction: Bullish
Solana’s (SOL) price has continued its upward trend, retracing above the 21-day SMA as it targets the $150 low. The cryptocurrency asset soared to a high of $210, but purchasers were unable to maintain the bullish momentum beyond the current peak.

If buyers succeed, the altcoin will surpass the overhead resistance level of $259. The bulls were repulsed twice at the last high and have retraced above the moving average lines. Solana is currently trading at $186. Yesterday, the bulls were pushed back as they struggled to keep the price above the $210 high.

Today, the bears are attempting to breach the 21-day SMA support. On the downside, if the bears succeed, the drop will continue to the low above the 50-day SMA, or $148. Meanwhile, the cryptocurrency’s price is hovering just above the 21-day SMA, attempting to surpass it.

Solana Loses Ground as It Targets the $150 Low
SOL/USD – Daily Chart

Solana (SOL) Price Indicator Analysis
The bears have broken below the 21-day SMA, with the cryptocurrency’s price bars now below it but above the 50-day SMA. The altcoin’s slide will continue above the 50-day SMA unless there is a pullback. The moving average lines still slope upward despite the decrease in their separation from one another

What Is the Next Move for Solana (SOL)?
Solana’s price is falling below the moving average lines following a second rejection at the $210 high as it targets the $150 low. The cryptocurrency’s price has dropped to a lower range between $172 and $210. If the altcoin retraces and maintains its position above the $172 level, the crypto signal will be compelled to a range-bound move. The current support dates back to March 19, 2024.

 Solana Loses Ground as It Targets the $150 Low
SOL/USD – 4 Hour Chart

You can purchase Lucky Block here. Buy LBLOCK

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *