The cryptocurrency market faces renewed pressure while Solana (soil) fell below its $ 177 stable negotiation range, reflecting larger concerns concerning global economic stability.
The correction coincides with the increase in geopolitical tensions that have shaken financial markets worldwide, forcing investors to reassess exposure to risks between digital assets.
Despite the decline, Solana’s ecosystem continues to develop with the strategic pivot of R3 to integrate into its blockchain, signaling an increasing institutional interest for the capacities of the platform for active active people.
Strengths of technical analysis
- The ground price has passed from the stable range of $ 177 to find the support at $ 170.41, which represents a correction of 4.5%.
- A dramatic volume increases to 1.26 m took place at midnight when prices dropped by $ 172.
- Support levels established at $ 170.67 at $ 171.66 have taken place so far.
- The price tried to cover the level of $ 174 before facing the resistance.
- During the last hour, Sol went from $ 172.93 to $ 172.00.
- A significant drop in prices occurred at 08:00, briefly affecting $ 171.92 before recovering.
- The volume increased to 29,372 units during this minute, suggesting institutional sales pressure.
- Temporary support found at $ 171.80 at $ 171.85 to 07: 30-07: 31.
- The local summit of $ 172.35 reached 07:36 during the recovery attempt.
- The price continues to consolidate nearly $ 172 in support.
External references
- “Solana (ground) Prix Glottus Momentum Haussier, Moet Braskout Autos $ 250 analysts”, Coin Edition, published on May 23, 2025.
- “Can Solana break the resistance of $ 180?
- “Solana MacD Curling Up – Is this the prelude to an escape?”, Newsbtc, published on May 24, 2025.
