Crypto Sister

08/07 02:36

Solana Eyes $162.64 Support Amid Technical Caution

Solana Eyes $162.64 Support Amid Technical Caution

Solana shares remain above key short-term support levels. The $165-167 zone has emerged as a key support level. This area is closely aligned with the 9-day Double Exponential Moving Average (DEMA) and the Short-Term Exponential Moving Average (EMA). However, momentum indicators are providing some warning signals.

The MACD indicator has turned bearish. The latest negative cross signals a weakening of the upside momentum. The Awesome Oscillator (AO) has also turned red, confirming the cooling of the market. The Relative Strength Index (RSI) remains neutral at 48.49. There are no signs of overheating or oversold conditions in the short term.

Despite this, the price has not yet broken through important support levels. As long as the Fibonacci support at $162.64 remains strong, the overall bullish trend remains.

 

#HTX Crypto Gifts Carnival Is Live!#Buy Bitcoin’s dip,’ says Eric Trump#Will Bitcoin fall in August?#Whose “child” is ES — Solana or Ethereum?#BTC price hits a new high of $120,000!

2分享