Solana Price Drop to $155 As Network Dey Strain and Resistance
Solana price kon stop around $165 afta e no perform well for di latest altcoin rally, but Bitcoin, Ethereum, XRP plus SUI don get double digit gains. Pump.Fun token launch bring $500 million but e overload Kraken and Bybit, wey cause network wahala and technical failure wey shift liquidity from SOL. For Kraken hourly chart, di SOL/USD pair drop below 100-hour simple moving average and e break one key bullish trend line. Immediate support dey for $158 and $155; if e break below $155, e fit make Solana price drop go $150 and $145. Resistance dey for $160, $162 and $168, and daily close pass $165 na wetin e need to target $178. Bearish MACD and RSI below 50 show say pressure go dey down for near time. Traders dey eye Solaxy presale wey offer up to 71% staking rewards as dem dey look for alternative Solana ecosystem projects.
Bearish
Solana price no perform well for the recent altcoin rally, and the Pump.Fun launch stress the network, e make liquidity waka comot from SOL. The break below the 100-hour SMA and one key bullish trend line for Kraken charts, plus bearish MACD and RSI under 50, show say short-term downfall dey risk. Immediate support at $158 and $155 dey important; if e break, e fit trigger more drop go $150 and $145. Without daily close pass $165, the bullish reversal targets for $178 and $185 no too likely. Overall, these factors show bearish short-term outlook, but recovery possible if SOL fit take back key resistance levels for medium term.