Dec 5, 2025
3 0
Solana Price Drops Below $140, Faces Resistance at $145
Solana (SOL) experienced a downside correction after failing to maintain levels above $144, currently trading below $140. Key points:
- SOL price dipped below the bullish trend line support at $144.
- Currently trading above $135 and the 100-hourly simple moving average.
- Main resistance levels are $142, $145, and $148; a close above $148 could lead to further gains towards $155 and $165.
Potential for Further Decline
- If SOL doesn't surpass $145, it may decline again.
- Initial support is near $135 and the 50% Fib retracement level ($132).
- A drop below $132 could lead to further declines towards $128 and $122.
Technical Indicators:
- Hourly MACD: Bearish zone momentum.
- Hourly RSI: Below the 50 level.
- Support Levels: $135 and $132.
- Resistance Levels: $142 and $148.
