{"id":649412,"date":"2024-10-23T05:08:54","date_gmt":"2024-10-23T05:08:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=649412"},"modified":"2024-10-23T03:51:08","modified_gmt":"2024-10-23T03:51:08","slug":"solana-sol-correction-162","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/solana-sol-correction-162\/","title":{"rendered":"Solana (SOL) Hints at Downside Correction: Can It Hold Key Support?"},"content":{"rendered":"
Solana struggled to clear the $172 resistance zone. SOL price is correcting gains and might soon test the $162 support zone.<\/em><\/p>\n
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SOL price is correcting gains from the $172 resistance zone against the US Dollar.<\/li>\n
The price is now trading above $162 and the 100-hourly simple moving average.<\/li>\n
There was a break below a connecting bullish trend line with support at $166 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could revisit the $162 support zone before the bulls take a stand.<\/li>\n<\/ul>\n
Solana Price Eyes Retest of Support<\/h2>\n
Solana price climbed above the $150 and $155 levels. SOL gained pace after there was a close above the $162 resistance level. However, the bears were active near the $172 zone.<\/p>\n