Solana (Sol) continues to face the pending bassist pressure as the price slid below the psychological level of $ 150, marking a 5.2% drop in the last 24 hours.
The mass sale intensified during the early afternoon session with flood exchanges of high -volume shops. Analysts attribute the decline to more than 3 million tokens sun transferred to centralized platforms in the last three days, coinciding with more than $ 468 million in estimated exits.
This significant change in the activity in the chain has questioned the perspectives of short -term recovery, even when the Solana network continues to publish strong use metrics.
With more than 100 million transactions and 7 million active addresses daily, the foundations suggest a long -term strength, but the price action remains disconnected from the protocol yield.
Analysts say that claiming resistance to $ 153 and stabilize above $ 150 is now critical to prevent a deeper setback.
TECHNICAL ANALYSIS
- Sol-USD registered a range of $ 8.19 from the maximum of $ 157.98 to a minimum of $ 149.79.
- The price violated psychological support in $ 150 during a mass increase in volume of 182K at 13:56.
- The resistance remained firm at $ 153.00 since repeated recovery attempts failed during the late session.
- A descending channel has been developed with lower and lowest lower ups and dominant that dominate the graph.
- The volume increases at 13:39 (21k), 13:45 (66k), 13:51 (89k) and 13:56 (182k) confirm the aggressive sale.
- The modest purchase interest is emerging around $ 149.50- $ 150.60, but the downstream persists if the bulls cannot keep the current floor.
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