Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Dogecoin Price Set for Breakout as Whales Accumulate

July 7, 2025

Russian Ministry Launches National Registry of Crypto Mining Rigs

July 6, 2025

Analysts Predict Rally Alongside Real-World Adoption

July 6, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Solana Is Approaching a Tipping Point: Will It Rebound or Fall Below the $100 Mark?

0
By on September 2, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Solana Is Approaching a Tipping Point: Will It Rebound or Fall Below the $100 Mark? appeared first on Coinpedia Fintech News

As the markets enter the final weeks of the quarter, the tokens appear to have become more volatile. The popular ones, including Bitcoin, Ethereum, Solana, etc., have dropped, due to which the historical pattern of the month being bearish is expected to repeat another time. Meanwhile, the bearish forces are about to exert enough pressure over the Solana (SOL) price rally that may eventually drag the levels close to $100. 

The latest pullback appears to have caused more harm to the SOL price rally as the bears comfortably & successfully breached the pivotal support. Although the token seems to have found a strong base to trigger a rebound, the bearish forces have not laid down. Therefore, the next couple of hours are extremely important for the token as a small bearish pullback may drop the levels it traded during the start of the year. 

The SOL price has lost the support that it held since the start of the year. Although a similar plunge had occurred before, it remained only the wick of the candle, while the current chart displays a couple of candles being printed below the support of the ascending triangle. The MACD displays a growing bearish action as enormous selling pressure has engulfed the SOL price rally. The levels remaining within the negative range could validate the growing bearish pressure over the token. 

Meanwhile, the RSI displays the possibility of a bullish divergence before reaching the lower threshold. Therefore, the Solana price is believed to trigger a rebound and in case of a bearish continuation, the levels between $121.43 and $125.56 may offer a strong base. Hence, the price does not appear to be under threat of losing $100 as of now, but if the bulls fail to defend the local support zone, a drop to the next support at $97.63 may be imminent. 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dogecoin Price Set for Breakout as Whales Accumulate

July 7, 2025

Analysts Predict Rally Alongside Real-World Adoption

July 6, 2025

$BONK Overtakes $TRUMP On Solana As Market Cap Hits $1.76B

July 6, 2025
Leave A Reply Cancel Reply

What's New Here!

Dogecoin Price Set for Breakout as Whales Accumulate

July 7, 2025

Russian Ministry Launches National Registry of Crypto Mining Rigs

July 6, 2025

Analysts Predict Rally Alongside Real-World Adoption

July 6, 2025

$BONK Overtakes $TRUMP On Solana As Market Cap Hits $1.76B

July 6, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.