Solana (SOL) continues to mount a bearish pressure when the price slid below the level of the psychological level of $ 150, marking a 5.2% decrease over the last 24 hours.
Sales were intensified during the early afternoon session with flood exchanges with high volume. Analysts attribute the fall to more than 3 million sun -tokens, transferred to centralized platforms over the past three days, coinciding with more than $ 468 million in estimated outflows.
This significant shift in activity on the chain has doubts about the short-term recovery’s prospects, even when the Solana network continues to place strong utility metrics.
With over 100 million transactions and 7 million daily active addresses, the basic elements suggest long -term strength, but the price action remains disconnected from the protocol’s performance.
Analysts say recoverable recovery resistance to $ 153 and stabilization over $ 150 is now critical to prevent a deeper retacement.
Technical analysis highlights
- SOL-USD posted a $ 8.19 interval from the high of $ 157.98 to a low level of $ 149.79.
- The award violated psychological support for $ 150 during a massive 182K -volume tip at. 13:56.
- The resistance remained stuck at $ 153.00 when repeated recovery attempts failed during the late session.
- A falling channel has evolved with lower heights and lower low low that dominates the diagram.
- Volume waves at. 13:39 (21k), 13:45 (66k), 13:51 (89k) and 13:56 (182k) confirms aggressive sales.
- Modest Purchase interest occurs around $ 149.50- $ 150.60, but downward risk persists if bulls cannot hold the current floor.
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