Token native of Solana, soil
fell to $ 143.38 Tuesday, down 1.21%, ending near the lowest of the day after failing above $ 147, according to the Technical Analysis model of Coindesk Research.
The weakness occurred while the ecosystem attracted a new institutional support: the strategies of the Canadian Blockchain Sol have deposited with the Securities and Exchange American commission on June 18 to continue a registration at the NASDAQ under the Ticker Stke.
Although the deposit itself is not an immediate market engine, it highlights an increasing institutional commitment to the long-term perspectives of Solana. Sol Strategies revealed earlier this month that it has more than 420,000 soil, worth more than $ 61 million and has made the ground center for its cash strategy. The company is also asking for regulatory approval in Canada to collect up to $ 1 billion, in addition to a convertible ticket emission of $ 500 million in April, acquire and mark soil.
Despite these bullish signals, soil continues to negotiate defensively. The price action was confined to a horizontal strip for a large part of last week, the most recent attempted rupture greater than $ 147.80 not generating follow -up. The Bears resumed control during the last hours of negotiation, pushing soil below the psychological support of $ 144. With the price of prices below the major medium of moving and the volume shrinking in the middle of the session, the feeling remains fragile even if the long -term support intensifies.
Strengths of technical analysis
- Sol has exchanged a 24 -hour range of $ 143.23 at $ 147.80, a swing of 2.83%.
- The resistance took place at $ 147.80 after a failed escape during the UTC candle at 10:00 p.m. on June 18.
- The price has decreased regularly to $ 143.38, ending near the hollow after low recovery attempts.
- The sellers were active between 13: 46 and 14: 00 UTC, with a drop from $ 144.62 to $ 143.38 on a strong drop.
- The area from $ 144 to $ 145 remains critical; Not to recover it can open a path to deeper support nearly $ 140.
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