Will SOL Plunge Below $120?
The post Will SOL Plunge Below $120? appeared on BitcoinEthereumNews.com. Solana (SOL) has long been one of the most talked-about altcoins in the crypto market, known for its blazing-fast blockchain and thriving DeFi and NFT ecosystems. In 2025, SOL has seen dramatic swings, capturing both bullish and bearish traders in its volatile price action. As it hovers around the $147 mark today, investors are closely watching whether Solana price can break higher toward $200 again or slip back to key support levels near $120. In this detailed daily chart analysis, we’ll break down what Solana’s price structure, key indicators, and recent momentum really suggest — and calculate where SOL price could realistically be headed next. Solana Price Prediction: What Does the SOL Price Daily Chart Reveal Right Now? SOL/USD Daily Chart- TradingView Looking at the daily chart for Solana (SOL), the Solana price is hovering around $147.43 at the time of writing. The Heikin Ashi candles show a clear slowdown in the previous uptrend — the candles have turned neutral with short bodies and wicks on both ends, which typically signals indecision in the market. The Relative Strength Index (RSI) is at 47.60, which puts SOL price in the neutral zone, neither oversold nor overbought. This suggests the market is waiting for a clear catalyst. Are There Strong Support and Resistance Levels? Key resistance is sitting near $160, which has acted as a ceiling during the recent price attempts to break higher. On the downside, there’s visible horizontal support around $140–$142, where price has bounced multiple times. If this level breaks, the next visible support is around $120, which aligns with the dotted blue levels marked on the chart. To quantify: if SOL price closes a daily candle below $142, we could see a 15–20% downside move toward $120: Potential Drop=$147−$120=$27 Percentage Drop=(27/147)×100≈18% What Does the RSI Say About Momentum? The RSI…
The post Will SOL Plunge Below $120? appeared on BitcoinEthereumNews.com.
Solana (SOL) has long been one of the most talked-about altcoins in the crypto market, known for its blazing-fast blockchain and thriving DeFi and NFT ecosystems. In 2025, SOL has seen dramatic swings, capturing both bullish and bearish traders in its volatile price action. As it hovers around the $147 mark today, investors are closely watching whether Solana price can break higher toward $200 again or slip back to key support levels near $120. In this detailed daily chart analysis, we’ll break down what Solana’s price structure, key indicators, and recent momentum really suggest — and calculate where SOL price could realistically be headed next. Solana Price Prediction: What Does the SOL Price Daily Chart Reveal Right Now? SOL/USD Daily Chart- TradingView Looking at the daily chart for Solana (SOL), the Solana price is hovering around $147.43 at the time of writing. The Heikin Ashi candles show a clear slowdown in the previous uptrend — the candles have turned neutral with short bodies and wicks on both ends, which typically signals indecision in the market. The Relative Strength Index (RSI) is at 47.60, which puts SOL price in the neutral zone, neither oversold nor overbought. This suggests the market is waiting for a clear catalyst. Are There Strong Support and Resistance Levels? Key resistance is sitting near $160, which has acted as a ceiling during the recent price attempts to break higher. On the downside, there’s visible horizontal support around $140–$142, where price has bounced multiple times. If this level breaks, the next visible support is around $120, which aligns with the dotted blue levels marked on the chart. To quantify: if SOL price closes a daily candle below $142, we could see a 15–20% downside move toward $120: Potential Drop=$147−$120=$27 Percentage Drop=(27/147)×100≈18% What Does the RSI Say About Momentum? The RSI…
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