Solana Faces Bearish September Amid Volatility and Liquidity Concerns
Solana ( SOL ) has experienced notable volatility in the past few days, trading around $133.75, with institutional outflows impacting its market performance. Over the past month, Solana has seen $34.3 million in institutional outflows, marking it as one of the least favored crypto assets . This has led to price declines below key support levels at $150 and $142, with SOL currently testing the $128 support level. It remains below its 100-hour moving average, struggling to regain momentum​( CryptoNews )​( CryptoNews ).
Technical Analysis
Solana’s price is expected to remain within the consolidation zone of $126 to $160, though a breakout toward $169 is possible if broader market sentiment improves. However, the key resistance level to watch is $138, and unless Solana can surpass this level, further declines could occur, with potential support as low as $122​( CryptoNews )​( MarketBeat ).
Read More: https://onthenode.com/cryptocurrency/solana-faces-bearish-september-amid-volatility-and-liquidity-concern
Solana ( SOL ) has experienced notable volatility in the past few days, trading around $133.75, with institutional outflows impacting its market performance. Over the past month, Solana has seen $34.3 million in institutional outflows, marking it as one of the least favored crypto assets . This has led to price declines below key support levels at $150 and $142, with SOL currently testing the $128 support level. It remains below its 100-hour moving average, struggling to regain momentum​( CryptoNews )​( CryptoNews ).
Technical Analysis
Solana’s price is expected to remain within the consolidation zone of $126 to $160, though a breakout toward $169 is possible if broader market sentiment improves. However, the key resistance level to watch is $138, and unless Solana can surpass this level, further declines could occur, with potential support as low as $122​( CryptoNews )​( MarketBeat ).
Read More: https://onthenode.com/cryptocurrency/solana-faces-bearish-september-amid-volatility-and-liquidity-concern
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