Solana (SOL) Falls Below Support, Will Bears Extend the Decline?

Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support. SOL price started a fresh decline below the $150 and $148 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a short-term rising channel or a continuation pattern forming with support at $144 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $148 resistance zone. Solana Price Consolidates Gains Solana price formed a....

Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support. Bitcoin started a fresh decline from the $66,400 resistance zone. The price is now trading well below $65,000 and the 100 hourly simple moving average. There was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $61,200 and $60,500 support levels in the near term. Bitcoin Price Starts Fresh Decline Bitcoin price failed to gain....

Ethereum started a fresh decline from well above $4,650 against the US Dollar. ETH could extend downsides if there is a clear break below $4,200. Ethereum started a fresh decline from the $4,700 and $4,750 resistance levels. The price is now trading below $4,500 and the 100 hourly simple moving average. There was a break below an ascending channel with support near $4,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if the bears gain strength below $4,200 in the near term. Ethereum Price Extends Losses Ethereum faced a strong resistance near the....

Solana price was off to a good start this week despite choppy market conditions. The bulls have tired out over the last 24 hours. In the past day, the altcoin fell by 3%. Solana prices have risen by nearly 6% in the last week. The technical indicator continued to demonstrate that the bears were in control at press time. If buying strength continues to head in the same direction, then most of the coin’s weekly gains would be nullified. The technical outlook for the coin was negative as the sellers took over at the time of writing. The current support zone for the coin is between $33....

Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that could see it retest the $1,500 resistance. But this would only last just a little above $1,200....