Solana (Sol) faced a renewed low pressure after multiple failed attempts to break over the resistance zone of $ 158– $ 159.
The sellers took control during the 1:00 p.m., where the volume increased more than 1.1 million, breaking the support region of $ 153.10– $ 153.30 and accelerating the bearish impulse.
Despite a modest recovery attempt, Sun remains on the back, quoting just above $ 153.
With the lowest maximums that are formed in recent sessions and key support areas under threat, analysts warn that a greater inconvenience is possible unless bulls recover the level of $ 153.30.
The $ 150 psychological brand is now looming as the next main defense line.
TECHNICAL ANALYSIS
- The strong resistance to $ 158– $ 159 caused a decrease of 4.48% of peak to channel.
- High volume breakdown below $ 153.10– $ 153.30 The support zone indicates the bass player.
- Sol fell from $ 154.53 to $ 151.89 in the final hour, an intradication of 1.7%.
- The remarkable sale at 13:40 (36k) and 13:48 (59k) accelerated the impulse down.
- Since then, Price has recovered at $ 153.81, with tentative support about $ 152.50.
- The lower highs and the high sales volume suggest continuous short -term pressure.
- A closure is needed above $ 153.30 to indicate the potential stabilization of trends.
External references
