The cryptocurrency market faces renewed pressure since Solana (Sun) fell below its stable negotiation range of $ 177, which reflects broader concerns about global economic stability.
The correction coincides with the increase in geopolitical tensions that have shaken financial markets worldwide, which forces investors to reassess exposure to risk among digital assets.
Despite the setback, the Solana ecosystem continues to expand with the strategic pivot of R3 to integrate with its block chain, indicating a growing institutional interest in the platform capabilities to tokenize the assets of the real world.
TECHNICAL ANALYSIS
- Sol Price fell from the stable range of $ 177 to find support at $ 170.41, which represents a 4.5%correction.
- The 1.26 million dramatic volume occurred during midnight when prices fell below $ 172.
- The support levels established at $ 170.67- $ 171.66 have remained so far.
- The price tried the recovery towards the level of $ 174 before facing the resistance.
- In the last hour, Sol decreased from $ 172.93 to $ 172.00.
- There was a significant drop in the price at 08:00, briefly touching $ 171.92 before recovering.
- The volume increased to 29,372 units during this minute, which suggests an institutional sales pressure.
- Temporary support found at $ 171.80- $ 171.85 Rank around 07: 30-07: 31.
- The local maximum of $ 172.35 reached at 07:36 during the recovery attempt.
- Price continues to consolidate near the support level of $ 172.
External references
- “The Price of Solana (Sun) flexes the bullish impulse, Ojes Major Breakout analysts beyond $ 250”, Coin edition, published on May 23, 2025.
- “Can Solana break the resistance of $ 180? This is what will be worth the price of sun in 2025!”, Published on May 24, 2025.
- “Solana Macd hurthes: this is the prelude to a break?”, Newsbtc, published on May 24, 2025.
