5 hours ago
Solana's autochthonal token, SOL SOL, is trading astatine $140.46, down 1.41% implicit the past 24 hours, aft recovering from a crisp 4.9% diminution that took the terms from $142.91 to $135.96, according to CoinDesk Research's method investigation model. The plus has since stabilized betwixt $140 and $142, with enactment forming astatine $140.40.
Solana’s ecosystem continues to grow, with caller announcements including enactment for wrapped Bitcoin (WBTC) connected the network. Analysts stay divided connected the outlook, with immoderate pointing to a imaginable determination toward $200, portion others expect a retracement to the $123–$135 range.
Technical Analysis Highlights
- SOL declined 4.9% from $142.91 to $135.96, establishing a 7.08-point trading range.
- The plus recovered to signifier a consolidation signifier betwixt $140 and $142.
- High-volume enactment appeared astatine $140.40 during the 13:00 hourBetween 14:32 and 14:37, SOL surged from $140.48 to $141.40.
- Selling unit pushed the terms down to $140.32, past to a league debased of $140.29.
- A descending transmission formed with little highs and little lowsResistance astatine $142.65 capped terms enactment twice.
- Concentrated selling measurement occurred during the 15:10 candle, suggesting near-term bearish sentiment
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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