Solana (soil) faced a renewed drop pressure after several unsuccessful attempts to break the resistance area from $ 158 to $ 159.
The sellers took control during 1:00 p.m., where the volume exceeded 1.1 million, passing through the support region from $ 153.10 to $ 153.30 and accelerating the lower momentum.
Despite a modest recovery attempt, floor remains on the back, just exchanging more than $ 153.
The lower tops forming through recent sessions and threatened key support areas, analysts warn that further is possible unless the bulls recover the level of $ 153.30.
The psychological bar of $ 150 is now looming as the next major defense line.
Strengths of technical analysis
- Strong resistance at $ 158 to $ 159 sparked a 4.48% drop in peak in the hollow.
- High volume distribution of less than $ 153.10 to $ 153.30 Support signals BEARISH SHIFT Signals.
- Sol went from $ 154.53 to $ 151.89 in the last hour, an intraday drop by 1.7%.
- The notable sale at 13:40 (36k) and 13:48 (59k) accelerated the momentum down.
- The price has since rebounded at $ 153.81, with provisional support nearly $ 152.50.
- Lower summits and high sales volume suggest continuous short -term pressure.
- A fence greater than $ 153.30 is necessary to report the stabilization of potential trends.
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