The cryptocurrency market faces renewable pressure as Solana (SOL) has decreased to less than the stable trading scope of $ 177, reflecting wider fears of global economic stability.
The correction coincides with the increase in geopolitical tensions that have rocked financial markets around the world, forcing investors to re -evaluate risk through digital assets.
Despite the withdrawal, the Solana’s ecosystem continues to expand with the R3 strategic axis to integrate with Blockchain, indicating the increasing institutions of the platform’s capabilities to reject the real world’s assets.
It highlights technical analysis
- The Sol price has decreased from a stable domain of $ 177 to find support at $ 170.41, which represents a 4.5 % correction.
- A significant increase in size occurred to 1.26 meters during the middle of the night when the prices fell to less than 172 dollars.
- The support levels created at $ 170.67-171.66 dollars have been set so far.
- Try the price to recover towards the level of $ 174 before facing the resistance.
- In the last hour, Seoul fell from $ 172.93 to $ 172.00.
- A significant decrease in prices occurred at 08:00, and for a short period of $ 171.92 before recovery.
- The volume rose to 29,372 units during this moment, indicating the pressure of institutional sale.
- Temporary support was found in 171.80 dollars -171.85 dollars around 07: 30-07: 31.
- A local height of $ 172.35 was reached at 07:36 while trying to recover.
- The price continues to integrate approximately $ 172 support.
External references
- “Solana (Sol) Price Flises Bullish Momntum, main eyes analysts exceeding $ 250Edition Coin, published on May 23, 2025.
- “Can Solana break the resistance $ 180? Here is what will be Sol in 2025!Coinpedia, published May 24, 2025.
- “Solana Macd Curling Up – Is this an introduction to collapse?Newsbtc, published May 24, 2025.
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