đ„đ„đ„ Solana ($SOL ) Signals Downside Correction: Will Key Support Levels Hold?
Solana (SOL) Faces Resistance at $172, Eyes Retest of $162 Support
- Solana's price is facing resistance at $172 and is pulling back, likely heading toward a test of the $162 support zone.
1. Price action: SOL failed to break the $172 resistance, falling below $168, but remains above $162 and the 100-hour simple moving average.
2. Key levels: Immediate resistance is at $168, with major resistance at $172. A successful close above $172 could push SOL toward $180 and $188.
3. Downside risk: If SOL fails to break $170, it could decline further, with key support levels at $164 and $162. A break below $162 could lead to a drop toward $155 and possibly $150.
Technical Indicators:
- MACD: #BEARISHđ momentum.
- RSI: Below 50, signaling weakness.
- Support levels: $164, $162.
- Resistance levels: $168, $172.
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