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Home»Analysis»Solana (soil) continues to fall – is a reversal in sight?
Analysis

Solana (soil) continues to fall – is a reversal in sight?

June 2, 2025No Comments3 Mins Read
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Solana Sol Bearish Shift.jpg
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Solana began a new drop compared to the $ 172 zone. The ground price is now lower and could decrease further below the $ 155 level.

  • Sol Price began a new drop compared to the resistance zone of $ 172 compared to the US dollar.
  • The price is now negotiated below $ 162 and the mobile average at 100 hours.
  • There is a wrestling trend line forming with resistance at $ 160 on the hourly graph of the ground / USD pair (Kraken data source).
  • The pair could start a new increase if it erases the resistance zone of $ 160.

The Solana price drops again

Solana Price failed to continue above the level of $ 172 and started a new drop, like Bitcoin and Ethereum. Sol has acquired a rhythm and exchanged below the level of support of $ 160.

The price even exchanged below the level of $ 155. A hollow formed almost $ 150 and the price recently started a recovery wave. There was a movement above the $ 155 level. It exceeded the FIB level of retracement of 23.6% of the recent drop in swing of $ 180 to the highest $ 150.

Solana is now negotiated below $ 160 and the mobile average at 100 hours. There is also a lower key trend line with resistance at $ 160 on the time graph of the floor / USD pair.

Uplining, the price is faced with resistance near the level of $ 160 and the trend line. The next major resistance is close to the level of $ 165. It is close to the FIB retracement level to 50% of the recent drop in swing from $ 180 to the lowest at $ 150.

Solana price

The main resistance could be $ 170. A successful closure above the resistance area of ​​$ 170 could give the pace to another regular increase. The next keys resistance is $ 172. Other gains could send the price at $ 180.

Another drop in soil?

If Sol fails to exceed the resistance of $ 160, it could start another drop. The initial decline support is close to the $ 155 area. The first major support is close to the level of $ 152.

A break below the $ 152 level could send the price to the $ 145 area. If there is a fence below $ 145 support, the price could decrease to the support of $ 132 in the short term.

Technical indicators

MacD Schedule – The MacD for Floor / USD wins a rhythm in the lower area.

RSI schedules (Relative force index) – The RSI for soil / USD is lower than level 50.

Major support levels – $ 155 and $ 152.

Major resistance levels – $ 160 and $ 162.



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