Crypto:
33973
Bitcoin:
$82.862
% 2.54
BTC Dominance:
%59.7
% 0.15
Market Cap:
$2.72 T
% 3.42
Fear & Greed:
16 / 100
Bitcoin:
$ 82.862
BTC Dominance:
% 59.7
Market Cap:
$2.72 T

Solana (SOL) at a Critical Level: Will the Decline Continue?

Solana

As volatility continues in the crypto market, Solana (SOL) is trading at crucial technical levels. After breaking the rising channel on the daily chart, SOL has experienced a significant drop and is currently at a critical support zone.

The bullish Fair Value Gap (FVG) zone ($126 – $120) holds major significance. If this region is broken downward, the next strong support level is at $110.

On the upside, if SOL holds this support and initiates an upward movement, the first resistance level will be the bearish FVG zone ($146.5 – $166). Within this FVG, the $161 level also serves as an additional resistance. If the price breaks above $161, the next target will be $181.


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Sol Gunluk
Sol/Usdt Daily Chart.

The overall market sentiment and the performance of Bitcoin (BTC) and other major altcoins will play a crucial role in determining SOL’s price direction. Investors should closely monitor the $126 – $120 support range in the coming days.


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