NewsBTC
18 June 2025
4 0

Solana Price Declines Below $155, Testing Support Near $145

Solana (SOL) Price Overview

  • SOL price declined from the $160 resistance zone.
  • Current trading is below $155 and the 100-hourly simple moving average.
  • A break occurred below a bullish trend line with support at $150.
  • Price may increase if it surpasses the $152 resistance zone.

Current Price Movements

SOL started to decline, falling below the $155 support level. A low was formed near $145, where consolidation is currently taking place. The price tested the 23.6% Fibonacci retracement level of the recent decline from $158 to $145.

The immediate resistance levels are:

  • $150
  • $152 (50% Fibonacci retracement level)
  • $155
  • $160 (major resistance)

Potential Decline Risks

If SOL does not rise above $152, it could experience further declines. Key support levels are:

  • $145
  • $142 (first major support)
  • $130 (below this could lead to a drop towards $125)

Technical Indicators

  • Hourly MACD indicates bearish momentum.
  • Hourly RSI is below 50.