Solana tumbled and declined toward $110. SOL price is now correcting losses above $140 and facing hurdles near the $160 resistance zone.

• SOL price gained bearish momentum and declined below $150 against the US Dollar.
• Intengo manje isihweba ngaphansi kuka-$160 kanye nesilinganiso esihambayo esingu-100 esilula (amahora angu-4).
• There is a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
• The pair could continue to recover if it clears the $150 and $160 resistance levels.

I-Solana Price Iqala Ukutholwa

Solana price started a major decline below the $180 and $160 support levels. SOL declined over 20% and even tumbled below the $150 level. Finally, the bulls appeared near $110.

A low was formed at $115.04 and the price is now attempting a recovery wave like Bitcoin futhi Ethereum. There was a decent increase above the $125 and $132 levels. The price cleared the 23.6% Fib retracement level of the downward move from the $204 swing high to the $115 low.

Solana is now trading below $150 and the 100 simple moving average (4 hours). Immediate resistance is near the $150 level. The next major resistance is near the $160 level.

Source: I-SOLUSD ku-TradingView.com

There is also a key bearish trend line forming with resistance at $160 on the 4-hour chart of the SOL/USD pair. The trend line is near the 61.8% Fib retracement level of the downward move from the $204 swing high to the $115 low. A successful close above the $160 resistance could set the pace for another major increase. The next key resistance is near $182. Any more gains might send the price toward the $200 level.

Ingabe ama-Dips asekelwa ku-SOL?

Uma i-SOL yehluleka ukuhlangana ngaphezu kokumelana no-$160, ingaqala okunye ukwehla. Ukwesekwa kokuqala ohlangothini oluphansi kuseduze nezinga lama-$140.

Ukwesekwa okukhulu kokuqala kuseduze nezinga le-$132, ngezansi lapho intengo ingahlola khona u-$125. Uma kukhona ukuvala ngaphansi kosekelo lwe-$125, intengo ingase yehle iye ekusekelweni okungu-$115 esikhathini esiseduze.

Izinkomba Technical

I-4-Hours MACD - I-MACD ye-SOL/USD izuza isivinini endaweni ye-bullish.

Amahora angu-4 we-RSI (Inkomba Yamandla Ahlobene) - I-RSI ye-SOL/USD ingaphansi kwezinga lama-50.

Amazinga Okusekela Amakhulu - $140, kanye ne-$132.

Izinga Elikhulu Lokumelana - $ 150, $ 160, kanye ne- $ 182.

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• Source: https://www.newsbtc.com/analysis/sol-price-dump-and-pump-150/