Momentum

Solana

Resistance

<p style="text-align: justify"><a href="https://en.coin-turk.com/solana-trades-at-69-58-after-recent-drop-remains-80-below-all-time-high/" rel="noopener noreferrer nofollow">Solana</a> (SOL) is drawing attention after its recent integration with Keeper Wallet, a multi-chain cryptocurrency wallet that enables users to perform cross-chain swaps and make card-based purchases. Despite the improved accessibility provided by this partnership, the Solana price remains under pressure, with technical indicators suggesting a challenging path to recovery for buyers.</p>
<h2 id="keeper-wallet-integration-boosts-accessibility">Keeper Wallet Integration Boosts Accessibility</h2>
<p style="text-align: justify">Solana welcomed Keeper Wallet via its official X account, emphasizing the integration as “another door into Solana.” With this development, users can now access SOL directly through Keeper, facilitating seamless management of digital assets across various blockchain networks. This expanded compatibility is designed to attract both new and existing users seeking convenience in interacting with multiple cryptocurrencies.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Keeper Wallet is a multi-chain cryptocurrency wallet that supports cross-chain swaps and allows users to purchase digital assets with cards. This wallet aims to simplify asset management across different blockchain platforms for end-users.</p>
<p style="text-align: justify">While this partnership is seen as a step toward greater adoption, there is no clear indication from Solana or Keeper Wallet regarding new user figures or an immediate surge in demand for SOL coins as a result of the integration.</p>
<h2 id="technical-indicators-signal-ongoing-bearish-momentum">Technical Indicators Signal Ongoing Bearish Momentum</h2>
<p style="text-align: justify">Currently, SOL trades at $101.36, reflecting a minimal decrease of 0.04% in the most recent 24-hour period. The cryptocurrency’s price is positioned below both the 20-day and 50-day exponential moving averages (EMAs), sitting at $106.11 and $105.99, respectively. This EMA cluster presents a critical resistance area for buyers, who would need to overcome these levels to pave the way for a more sustained recovery.</p>
<p style="text-align: justify">The 100-day EMA is near $100.38, with further support from the 200-day EMA at $98.27. If selling pressure pushes the price below these benchmarks, the bearish mood could intensify, adding to downside risk in the near term.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Moving Average</th>
   <th>Level</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>20-day EMA</td>
   <td>$106.11</td>
  </tr>
  <tr>
   <td>50-day EMA</td>
   <td>$105.99</td>
  </tr>
  <tr>
   <td>100-day EMA</td>
   <td>$100.38</td>
  </tr>
  <tr>
   <td>200-day EMA</td>
   <td>$98.27</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">The MACD indicator remains in negative territory, with the MACD line at -2.55, lower than its signal line at -1.97, and a histogram reading of -0.58. This configuration underscores persistent bearish pressure, although a narrowing histogram may hint at reduced selling intensity in the near future.</p>
<blockquote>
 <p>For buyers to regain momentum, SOL must reclaim $104.03 before challenging the EMA cluster around $106. A decisive move above these resistance levels could open the door to a push toward $115.18.</p>
</blockquote>
<h2 id="open-interest-and-market-outlook">Open Interest and Market Outlook</h2>
<p style="text-align: justify">Data from CoinGlass reveals that open interest has fallen from its October peak to roughly $6.1 billion by October 24, in line with SOL’s decline from above $120. This pullback in open interest suggests a decrease in speculative positioning. However, the balance between long and short liquidations, as well as the absence of recent funding rate data, prevents a clear understanding of whether traders are currently more optimistic or cautious on Solana.</p>
<p style="text-align: justify">No specific data has been provided regarding potential increases in Solana’s total value locked (TVL) or activity on decentralized exchanges since the Keeper Wallet integration, making it unclear if network activity is trending higher as a direct result.</p>
<h2 id="risks-and-key-levels-to-watch">Risks and Key Levels to Watch</h2>
<p style="text-align: justify">While Keeper Wallet’s support could eventually boost user engagement and usage of the Solana network, market participants remain cautious until evidence of broader adoption or rising decentralized finance activity emerges. SOL’s ability to reclaim resistance within the $104 to $106 range will be a key short-term signal. If the price falls below the 100-day and 200-day EMAs at $100.38 and $98.27, downside risks are likely to grow.</p>
<p style="text-align: justify">Given the unpredictable nature of cryptocurrency markets, traders are advised to monitor both price action and sentiment shifts before making decisions in Solana or related assets.</p>
<p>The post <a href="https://en.coin-turk.com/solana-trades-at-101-36-after-keeper-wallet-integration-recovery-faces-resistance/" rel="noopener noreferrer nofollow">Solana trades at $101.36 after Keeper Wallet integration, recovery faces resistance</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana trades at $101.36 after Keeper Wallet integration, recovery faces resistance

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