| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107230.1200000000 |
| ETH | $2434.5630000000 |
| BNB | $647.8095400000 |
| XRP | $2.1852360000 |
| ADA | $0.5636770000 |
| SOL | $150.9102000000 |
| DOGE | $N/A |
| DOT | $3.4099000000 |
| LTC | $86.3673000000 |
| LINK | $13.3166600000 |
Category: CRYPTO NEWS
The post Failed $159 Breakout Sends SOL Into Sharp Retreat appeared on BitcoinEthereumNews.com. Solana (SOL) faced renewed downside pressure after multiple failed attempts to break above the $158–$159 resistance zone. Sellers took control during the 13:00 hour, where volume surged past 1.1 million, breaking through the $153.10–$153.30 support region and accelerating the bearish momentum. Despite a modest recovery attempt, SOL remains on the back foot, trading just above $153. With lower highs forming across recent sessions and key support zones under threat, analysts warn that further downside is possible unless bulls reclaim the $153.30 level. The psychological $150 mark now looms as the next major line of defense. Technical Analysis Highlights Strong resistance at $158–$159 triggered a 4.48% decline from peak to trough. High-volume breakdown below $153.10–$153.30 support zone signals bearish shift. SOL fell from $154.53 to $151.89 in the final hour, a 1.7% intraday drop. Notable selling at 13:40 (36K) and 13:48 (59K) accelerated downward momentum. Price has since rebounded to $153.81, with tentative support near $152.50. Lower highs and elevated selling volume suggest continued short-term pressure. A close above $153.30 is needed to signal potential trend stabilization. External References Source: https://www.coindesk.com/markets/2025/06/02/solana-dips-sharply-after-repeated-usd159-rejection-triggers-high-volume-sell-off
2025-06-03T03:43:08+00:00