NewsBTC

26 February 2025

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Solana Price Declines Over 15% Below $150 Resistance Level

Solana (SOL) Price Update

• SOL price declined over 15%, falling below the $162 and $150 levels against the US Dollar.
• Current trading is below $150 and the 100-hourly simple moving average.
• A bearish trend line is forming with resistance at $144 on the hourly chart.
• Resistance near $150 and major resistance at $152 could trigger a recovery.
• Recent low was $131; next support levels are at $136 and $131.
• A drop below $136 may lead to further declines towards $125 and $120.

Technical indicators show the MACD losing momentum in the bearish zone and RSI below 50, indicating continued weakness.