{"id":611128,"date":"2024-06-03T02:58:47","date_gmt":"2024-06-03T02:58:47","guid":{"rendered":"https:\/\/wncen.com\/?p=611128"},"modified":"2024-06-11T14:46:24","modified_gmt":"2024-06-11T14:46:24","slug":"solana-sol-resistance-166","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana-sol-resistance-166\/","title":{"rendered":"Can Solana (SOL) Overcome Key Resistance and Ignite a Fresh Increase?"},"content":{"rendered":"
Solana declined again and tested the $160 support zone. SOL price is consolidating and might recover if it clears the $166 resistance zone.<\/em><\/p>\n
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SOL price corrected lower and tested the $160 support zone against the US Dollar.<\/li>\n
The price is now trading below $168 and the 100-hourly simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $165 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could clear the $166 resistance unless it fails to stay above $160.<\/li>\n<\/ul>\n