SOL Plunges 12% Weekly: Here’s the Most Critical Support to Watch (Solana Price Analysis)
Solana failed to sustain its bullish momentum and has lots its uptrend.
Key Support levels: $78
Key Resistance levels: $104
1. Bearish Breakdown in Progress
As soon as Solana fell under $100, the momentum shifted bearish and sellers took over the price action. Over the weekend, the price broke below its uptrend which put an end the rally that started in October 2023.
2. Key Support at $78
With buyers on the defensive, the first key support level where they could stop this correction is found at $78. This level used to act as a resistance on the way up and now it can act as support.
3. MACD Bearish Momentum Intensifies
The MACD histogram and moving averages are falling at an increasing speed which is a bearish signal that shows sellers dominate right now. SOL’s price will likely continue to fall as a result.
Bias
The bias for SOL is bearish.
Short-Term Prediction for SOL Price
All eyes are now on the key support at $78 which is the most significant support level on the chart. If buyers don’t return there, then this correction may last longer than anticipated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HAEDAL Price Surges 86.68% Amid Sharp Short-Term Volatility
- HAEDAL surged 86.68% in 24 hours to $0.1505 on Aug 30, 2025, reversing prior 622.71% and 979.56% declines. - Analysts attribute the spike to isolated trading or speculation, not a sustained trend, amid extreme volatility. - Despite short-term gains, HAEDAL remains down 2415.13% year-to-date, highlighting risks of high-swing assets lacking fundamentals. - A proposed backtesting strategy failed due to missing price history, underscoring challenges in analyzing HAEDAL's unverified market structure.
Bit Origin’s Strategic Viability Amid Nasdaq Compliance Extension: A High-Stakes Gamble on Reverse Splits and Crypto Pivots
- Bit Origin secures 180-day Nasdaq compliance extension to address $1.00 bid price requirement, marking its second such deadline extension. - Company authorizes flexible reverse stock split (1-for-2 to 1-for-200) but faces Nasdaq restrictions limiting split effectiveness within 12 months or exceeding 250:1 ratios. - Strategic pivot to Dogecoin treasury (70.5M DOGE) introduces regulatory risks as SEC crypto litigation looms, potentially reclassifying DOGE as a security. - Financial fragility exposed throug
Toncoin (TON) as a Strategic Play in Institutional-Backed Web3 Growth
- Toncoin (TON) gains institutional traction via TSC's $558M Nasdaq listing and Verb's $713M supply acquisition, offering 4.86% staking yields and token appreciation potential. - Robinhood's 2025 TON listing boosted retail liquidity, driving 60% trading volume surge to $280M and 5% price increase within days, leveraging its 26.7M U.S. user base. - TON's integration into Telegram's 1.8B-user ecosystem saw 32% weekly transaction growth (3.8M total) and 52% fee spikes, powering decentralized commerce and NFTs
Tokenizing Real Estate: Seazen Group's Blockchain-Driven Turnaround and the Future of RWA Markets in China
- Seazen Group is tokenizing real estate assets via blockchain to address liquidity crises and pioneer institutional-grade RWA markets in China. - The company leverages Hong Kong's regulatory sandbox, issuing tokenized bonds and NFTs for Wuyue Plaza while complying with e-CNY and CSRC rules. - Tokenization has enabled $300M in bond sales and 894.9M yuan net income, positioning Seazen as a catalyst for China's $4T tokenized real estate market by 2035. - Challenges include regulatory fragmentation and low li
Trending news
MoreCrypto prices
More
