![Solana Eases Gains: Can SOL Bulls Safeguard the $132 Support?](/image/6686310444656.jpg)
Solana started a fresh decline from the $155 resistance. SOL price is down over 10%, but the bulls are now protecting the $132 support. SOL price started a strong decline from the $155 resistance against the US Dollar. The price is now trading below $145 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could correct losses unless the bulls struggle to protect the $132 support. Solana Price Dives 10% Solana price struggled to continue higher above the $155 resistance. SOL reacted to the downside and declined below the $150 support. There was a break below a connecting bullish trend line with support at $150 on the hourly chart of the SOL/USD pair. The pair gained bearish momentum below the $145 support and declined more than outperformed Bitcoin and Ethereum in the past two sessions. There was a drop toward the $132 support zone. A low was formed at $132.17 and the price is now attempting a recovery wave. There was a move above the $135 level. The price is now approaching the 23.6% Fib retracement level of the recent decline from the $154.74 swing high to the $132.17 low. Solana is now trading well below the $145 level and the 100-hourly simple moving average. If there is another increase, the price might face resistance near the $138 level. The next major resistance is near the $143.50 level and the 50% Fib retracement level of the recent decline from the $154.74 swing high to the $132.17 low. A successful close above the $143.50 resistance could set the pace for another steady increase. The next key resistance is near $150. Any more gains might send the price toward the $155 level. More Losses in SOL? If SOL fails to rise above the $143.50 resistance, it could start another decline. Initial support on the downside is near the $135 level. The first major support is near the $132 level, below which the price could test $125. If there is a close below the $125 support, the price could decline toward the $112 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $135, and $132. Major Resistance Levels – $143.50 and $150.
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From $1.98 to $25? Discover Why WIF Could Skyrocket by 1000%!
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The post From $1.98 to $25? Discover Why WIF Could Skyrocket by 1000%! appeared first on Coinpedia Fintech News Various data about the WIF token are giving a bunch of mixed signals, making it difficult to predict its future performance. Here’s a breakdown of the latest insights on WIF and what they might mean for investors. Declining Funding Rates According to data from Coinglass, the Open Interest (OI)-Weighted Funding Rate of the WIF token … NewsBTC
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Self-Proclaimed Bitcoin Creator Craig Wright Slapped With an Assets Freezing Order Over Libel Lawsuit
The High Court of the United Kingdom is freezing the assets of computer scientist and businessman Craig Wright, according to new legal documents. The court issued a worldwide freezing order (WFO) upon the request of podcaster Peter McCormack with the aim of recouping his legal fees incurred when Wright sued him for defamation. McCormack tells The post Self-Proclaimed Bitcoin Creator Craig Wright Slapped With an Assets Freezing Order Over Libel Lawsuit appeared first on The Daily Hodl . NewsBTC