Solana (Sol)
It is quoted at $ 128.82, 8.33% less in the last 24 hours, after a strong intradic correction linked to the increase in geopolitical tensions. The Token fell from $ 140.39 to $ 127.25, with the decrease per stronger hour that occurs at 13:00, when the enriched sales pressure and negotiation volume exceeded 4 million, according to the technical analysis model of Coindesk Research.
The market reaction followed the confirmed reports of US military attacks aimed at Iranian nuclear sites, which caused a generalized aversion of risks in cryptographic markets.
Some merchants are now worried that a hormuk Strait closure, even if it is temporary, could send oil prices. That would probably enliven inflation, reduce the chances of short -term feeding rate cuts and prolong the risk environment that harms cryptography markets. A direct attack on the river route could intensify the sale of Altcoins, as Bitcoin’s domain is historically elevated during periods of geopolitical agitation.
The sun decrease also marked a break below the key technical levels, including the simple 200 -day mobile average about $ 149.54. Throughout the session, Sol printed lower maximums and fought to keep the rebounds, pointing out weakening the structure of the market. With a high volume in red candles and technical indicators that intermit down, merchants are now observing the $ 120- $ 125 area as a potential support area.
TECHNICAL ANALYSIS
- Sol fell 8.1% of $ 140.39 to $ 129.02 during the analysis period, forming a decrease of $ 11.37.
- The broader price range of the session was extended from $ 141.14 to $ 126.85, an intra -dialy swing of 10.2%.
- The largest hour’s fall occurred at 1:00 p.m., and the price fell from $ 133.58 to $ 128.82 in a volume of 4.03m.
- A descending channel was developed in the session, with lower and lowest high ups and dotter confirmation of the bearish structure.
- The key resistance was formed to $ 133.80, which limited multiple rebound attempts.
- The initial support arose at $ 127.43, while a new intradic floor formed at $ 128.90.
- From 15:25 to 15:27, a volume peak exceeded the price below $ 129.30 during a continuation advantage.
- The late session movement showed that Sol is quoted between $ 130.42 and $ 128.85 under consistent sales pressure.
- Several recovery attempts about $ 130.05 failed as the volume increased in each rejection.
- The significant concentration of supply appeared about $ 130.20, reinforcing the short -term bassist impulse.
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