{"id":627754,"date":"2024-07-04T05:18:43","date_gmt":"2024-07-04T05:18:43","guid":{"rendered":"https:\/\/wncen.com\/?p=627754"},"modified":"2024-07-04T04:22:31","modified_gmt":"2024-07-04T04:22:31","slug":"solana-eases-gains-132","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/solana-eases-gains-132\/","title":{"rendered":"Solana Eases Gains: Can SOL Bulls Safeguard the $132 Support?"},"content":{"rendered":"
Solana started a fresh decline from the $155 resistance. SOL price is down over 10%, but the bulls are now protecting the $132 support.<\/em><\/p>\n
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SOL price started a strong decline from the $155 resistance against the US Dollar.<\/li>\n
The price is now trading below $145 and the 100-hourly simple moving average.<\/li>\n
There was a break below a connecting bullish trend line with support at $150 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could correct losses unless the bulls struggle to protect the $132 support.<\/li>\n<\/ul>\n
Solana Price Dives 10%<\/h2>\n
Solana price struggled to continue higher above the $155 resistance. SOL reacted to the downside and declined below the $150 support. There was a break below a connecting bullish trend line with support at $150 on the hourly chart of the SOL\/USD pair.<\/p>\n