Key results:
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5% of ETF rallies to USD 160 have been completely reversed within 24 hours, revealing constant technical weakness on the lower and higher time frames.
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SOL trades near a key supply cluster 144.5-147.7 USD. Division below 144 USD may cause a decrease to 124 USD and even USD 95-100, where support comes out.
SOL (SOL) collected 5%to reach 160 USD on Monday after the news about the first stock exchange fund (ETF) live in trade on Wednesday. However, the momentum was brief -lived, because Altcoin erased all profits within 24 hours, and price weakening can be seen on many time frames.
In the lower time frames, SOL did not maintain positions above 50-day and 200-day interpretation of medium movable (EMA) for over a month. Despite several stubborn formations of structures, including pop last week above 148 USD, Altcoin did not transform them into sustainable plants.
The level of USD 148 is currently under pressure, and a decrease below USD 137 would confirm the lower low level, which negates the chance of a brief -term continuation of the stubborn. In order for SOL to recover the panel, a successful re -demand zone of USD 145–137, and then recovery above USD 160, remains crucial.
In a frame with a higher time (HTF), bear remains a broader trend. In May, Sol did not violate the key resistance of USD 180 and since then trained down as part of a decreasing channel.
While such patterns can lead to stubborn pimples, Sol has remained very sensitive to Bitcoin’s weakness in the last month. While Bitcoin (BTC) rises near the ups of all time, cryptographic assets dropped by almost 50% from January 19, reflecting relative worse results.
If the Bear Trend persists, the re -implementation of the daily order block from 120 to 95 USD remains realistic, offering a more attractive long -term entry point. However, a sturdy daily approach above USD 160 in the coming weeks can reverse the sentiment and accelerate the stubborn reversal, carrying a brief -term rush in higher time frames.
Related: Analysts boost the chance to approve ETF SOL, XRP and LTC
Sol Utxo Foreign price signals key prices
Sol trads around 148 USD on Tuesday, together with the UTXO (URPD) price distribution, measures that follow the price levels at which tokens were purchased, offering critical insight into the support and resistance zones. The current price is in the supply cluster 14.3% to 144.5 USD to USD 147.7, which is suggested by the sturdy concentration of the holder. This level is crucial, as a range that can maintain the current price if the purchase pressure maintains.
Data from Glassnode indicate that maintenance above 144 USD is crucial. The violation below this threshold signals potential weakness, increasing the likelihood of a re -test of lower brackets.
The range of 100–97 USD contains 3% supply, and USD 124 supports 1.58%, offering confined buffers. If the price does not last above 144 USD, the market risk a deeper decline towards those levels in which the thinner can strengthen the variability.
The resistance is USD 157, where 5.55% of the supply is concentrated, challenging the rush up. For now, a dense cluster 144.5-147.7 USD emphasizes a solid base in which investors should defend SOL prices.
Related: price rallies up to USD 161 after ETF messages, but is the rally balanced?
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.