Cryptocurrency

Solana

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" title="Solana" class="f-link" style="" rel="noopener noreferrer nofollow">Solana</a> fails to maintain its position above the $200 psychological level against the US Dollar</li>
 <li>Network congestion experienced by users and FTX's sale of assets at discounted rates are contributing factors to Solana's decline.</li>
 <li>The coin has encountered rejection twice from overhead resistance within a span of three weeks, indicating active seller defense at this level.</li>
 <li>Analysis of the daily chart highlights the formation of a double top pattern.</li>
 <li>Amidst the ongoing market sell-off, $SOL's price has dropped by 13% from its recent peak to its current trading price of $178.</li>
 <li>#Solana's price has plunged under the influence of a bearish pattern, challenging the neckline support at $163.</li>
 <li>A successful breakdown below the $163 support level could intensify selling pressure, potentially extending the correction trend to $120.</li>
 <li>Conversely, a reversal from the $163 support level would weaken the bearish outlook, possibly leading to sideways movement.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar's analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar's analysis</a>, #Solana price prediction 2030 to hit around $700, while Solana price prediction 2040 potential for a surge to $1500.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $185-$192
SUPPORT LEVEL : $168-$160
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Solana Price Prediction: Is Sol Buy the Dip or Let it Slip?

Coingabbar

Other articles published on Apr 6, 2024

Creatives Embrace AI as a Powerful Tool at OFFF Barcelona

XRP price prediction – Down by 11%, is it time you finally let the altcoin go?

Solana Network Faces High Failure Rate in Transactions Amid Memecoin Mania

Tech Titans Endorse BlockDAG Following $13.3M Presale Amid Upcoming Cardano Bull Run & Ethereum ATH

Pioneering the Bridging of Fiat and Crypto Worlds: Introducing IVEX, the Revolutionary Platform f...

XRP’s activity surges, DOT eyes growth, NuggetRush draws attention

Join our free newsletter for daily crypto updates!