Cryptocurrency EducationIndustry AnalysisLINKNewsSOL

Here’s the Most Critical Support to Watch (Solana Price Analysis)

1 Mins read

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.

Chart by TradingView

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.

Chart by TradingView

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.

Chart by TradingView


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.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

Cryptocurrency charts by TradingView.


1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Related posts

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥 will not disclose your account information to any 3rd parties.