CandleFocus Solana (SOL) Clings to Key Support: Is a Bounce Imminent?
2024-10-04
Author: Content Editor
The price of Solana (SOL) is currently consolidating after a decline from the $162 resistance level. It has found support at $132 and is testing the $140 resistance level. If it breaks above $148 and $150, it could see further gains towards $155 and $162. However, if it fails to break above $140, it may experience another decline with support levels at $135 and $132. A break below $132 could lead to a larger decline towards $120 and $112. The MACD indicates a bearish trend, and the RSI is below 50.
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