menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Solana News

>

Solana ETF...
source image

99Bitcoins

7d

read

391

img
dot

Solana ETF Rally Fades as Charts Signal Potential 20% Drop

  • Solana (SOL) initially surged 5% on news of a Solana ETF but faced immediate resistance at $160, leading to a reversal back to the $144.5-$147.7 range.
  • Despite the brief rally, SOL is trading near critical support and resistance levels, with potential downside targets at $124 or even $100 if the current support fails.
  • The price action for SOL remains locked in a descending channel since May, with thin momentum and a reliance on Bitcoin's movement to determine its fate.
  • Traders are closely monitoring the $144 support level, as a break below could trigger further downside for SOL, while a bullish scenario would require a break and close above $160.

Read Full Article

like

23 Likes

For uninterrupted reading, download the app