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Solana (Sol) is currently moving in a difficult environment as it tests the broader encryption market. After an impressive race earlier this year, the momentum slowed down, and Seoul struggled to restore the level of $ 160 with conviction. The lack of strong demand was clear in the last sessions, as purchase of pressure fades and the size remains low across Altcoins main.
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Despite this cooling stage, many investors are still optimistic. An increasing number of market participants believe that Solaa can lead the next Altseason as soon as conditions and liquidity returns stabilize to the market. Historically, SOL showed the ability to recover quickly and outperform performance in the upscale stages, making it one of the best competitors for the explosive upward trend when the feelings turn.
However, in the short term, warns. The great analyst Karl Ronville highlighted a major artistic development, noting that Solana may be about to break the horizontal support area. This event can lead to more negative aspect in the short term. If this support fails, merchants must prepare to increase volatility. However, the broader consensus remains the scope of Sol structural strength and the development of the ecosystem well to join the long term once the total circumstances are aligned.
Solana faces the risks of the collapse of science with the growth of uncertainty
Solana was locked in a short tight range of $ 160, as it struggles to restore the main levels despite multiple attempts. For several days, momentum faded, and with the presence of global markets under pressure, merchants are preparing to increase volatility. The broader encryption market loses Steam where Bitcoin and Ethereum failed to maintain upward moves, putting additional pressure on Altcoins like Solana.
Tension geopolitical tensions between the United States and China in influencing investor morale, with continuous tariff conflicts and high revenues of bonds that feed the total economic uncertainty. The American bond market, in particular, is a scourge of tension, which adds to caution in assets to the risks. If these conditions persist, Altcoins may face a difficult period as the capital has decreased to more stable assets such as Bitcoin or completely comes out of the market.
Ronvillet She recently highlighted Main technical style on the Solana scheme – a bear mark formed around horizontal support. According to its analysis, this structure can collapse any hour now, confirming the declining preparation and is likely to send Sol to the level of $ 142. This goal is in line with the previous support areas and can serve as a temporary bottom if the broader market settles.
Despite the short -term risks, long -term feelings around Solana are still optimistic with caution. The continuous development of the network and the presence of strong Defi can be provided with recovery once the market conditions improve. However, at the present time, traders closely monitor the resistance of $ 160 and a support zone from 150 to 152 dollars, which can determine the next directional step. Clean support below is likely to lead to a wave of sale, while restoring $ 160 can nullify the declining setting and open the door due to a bullish reflection.
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Sol tests the main support as a landing momentum building
Solana (SOL) is currently trading at $ 152.62 on the graph for 4 hours, and a critical horizontal support zone test with continued momentum. The last price procedure shows a clear trend, with the highest low levels and less than its lowest level since rejection from an area of 176 to $ 180 in late May. All main moving averages-34 EMA, 50 SMA, 100 SMA, and 200 SMA-are placed above the current price, indicating short-term weakness and decrease in bullish momentum.
The volume increased slightly as the price approaches the support, indicating an increase in the market interest at this level. However, failure to break 34 EMA (currently at $ 157.70) reinforce the opinion that sellers are still controlling. The luminous 200 SMA indicates at $ 165.31 and 50 SMA fell about $ 159.82 that Sol should regain 160 to 165 dollars to restore strength.
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If the support range of 150 and 152 dollars fails, Solana can collapse and target the following main support zone about $ 142, in line with the expected step of the flag style set by analysts. At the present time, the bulls should defend this level to prevent deep losses and maintain the hopes of recovery in the short term.
Distinctive image from Dall-E, the tradingView graph
