{"id":651624,"date":"2024-11-05T05:18:46","date_gmt":"2024-11-05T05:18:46","guid":{"rendered":"https:\/\/wncen.com\/?p=651624"},"modified":"2024-11-05T03:53:22","modified_gmt":"2024-11-05T03:53:22","slug":"solana-sol-hints-bearish-shift-162","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/solana-sol-hints-bearish-shift-162\/","title":{"rendered":"Solana (SOL) Hints at Bearish Shift: Is Drop on The Horizon?"},"content":{"rendered":"
Solana trimmed gains and traded below the $172 support zone. SOL price is consolidating and might struggle to recover above the $165 resistance.<\/em><\/p>\n
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SOL price started a fresh decline after it struggled near the $175 zone against the US Dollar.<\/li>\n
The price is now trading below $170 and the 100-hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance at $162 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start a decent upward movement if it stays above the $155 and $150 support levels.<\/li>\n<\/ul>\n