{"id":646850,"date":"2024-10-08T04:48:15","date_gmt":"2024-10-08T04:48:15","guid":{"rendered":"https:\/\/wncen.com\/?p=646850"},"modified":"2024-10-08T04:07:04","modified_gmt":"2024-10-08T04:07:04","slug":"solana-sol-breakdown-142","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/solana-sol-breakdown-142\/","title":{"rendered":"Solana (SOL) Flashes Breakdown Signs: Will Support Hold?"},"content":{"rendered":"
Solana trimmed gains and declined below the $146 support. SOL price is consolidating and might aim for a fresh increase unless there is a break below $140.<\/em><\/p>\n
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SOL price started a fresh decline below the $146 zone against the US Dollar.<\/li>\n
The price is now trading near $145 and the 100-hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support at $149 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start a fresh increase if it stays above the $140 support zone.<\/li>\n<\/ul>\n
Solana Price Corrects Gains<\/h2>\n
Solana price climbed above the $145 and $146 levels before the bears appeared. SOL traded as high as $152 and recently started a downside correction like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n