Solana Price At $150 Faces Death Cross After 17 Months; New Investors Pullback

2025-3-6 17:30

Solana’s price has faced significant struggles in recent weeks, particularly in its attempt to breach the key resistance of $183. The altcoin’s inability to break through this level has caused a pullback, leaving it trading at around $150. 

The recent market conditions, marked by a Death Cross, suggest more downward pressure could be ahead.

Solana Faces A Death Cross

Solana recently experienced its first Death Cross since October 2023, ending a 17-month streak of Golden Cross formations. The Death Cross occurs when the 200-day exponential moving average (EMA) crosses over the 50-day EMA. Historically, this is a bearish signal for the asset, as it suggests weakening momentum and potential further declines. 

This technical indicator raises concerns about Solana’s ability to recover and may trigger additional selling, contributing to a downward spiral. The appearance of the Death Cross often indicates that sellers are in control of the market, and the price may continue to slide. 

Solana Death Cross. Source: TradingView

The overall macro momentum of Solana has also shown signs of weakening. A significant indicator of this shift is the decrease in new addresses interacting with the Solana network. The number of new addresses has dropped to a 4-month low, signaling a lack of new investor interest. 

This decline suggests that Solana is losing traction in the market, as investors do not see an immediate incentive to pour capital into the altcoin. As the number of new participants decreases, Solana faces a risk of further stagnation. 

Solana New Addresses. Source: Glassnode SOL Price Needs A Boost

At the time of writing, Solana’s price stands at $149, about 23% away from the critical resistance of $183. While the altcoin remains above $137, it will struggle to regain upward momentum unless it can breach this resistance level. Without a reversal at this level, Solana could remain trapped within its current downtrend.

Given the bearish technical factors, Solana may struggle to maintain its current price level. The next key support for Solana lies at $131. If the downtrend continues, a drop to this level could be imminent. Losing support at $131 could lead to further declines, with a potential drop to $120 in the short term.

Solana Price Analysis. Source: TradingView

The only way to invalidate this bearish outlook is if Solana can capitalize on the broader market recovery. If the altcoin can breach $161, it would be a strong sign that it is gaining strength again. A successful flip of this resistance into support could set the stage for a move past $183 and a reversal of the current downtrend.

The post Solana Price At $150 Faces Death Cross After 17 Months; New Investors Pullback appeared first on BeInCrypto.

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$ 132.82 (+0.18%)
Объем 24H $4.609b
Изменеия 24h: -5.33 %, 7d: -3.48 %
Cегодня L: $132.51 - H: $132.82
Капитализация $74.366b Rank 7
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death cross solana new investors pullback months

Источник: beincrypto.com

death cross → Результатов: 126


Фото:

Bitcoin approaches ‘death cross’

The ominous-sounding ‘death cross’ is a bearish indicator which shows up when the 50-day moving average (MA) drops below the 200-day MA, CoinDesk wrote. The death cross looks like it’s about to become fact this week due to rising concerns of the US Fed’s faster liquidity withdrawal, which paints a bearish picture for Bitcoin (BTC/USD) […] The post Bitcoin approaches ‘death cross’ appeared first on Invezz.

2022-1-11 14:30


Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action

The 2020 Bitcoin rally was fun while it lasted, but the cryptocurrency recently formed a much-dreaded technical formation that may signal that BTC will see further near-term downside. This technical formation – which is accurately described by analysts as a “death cross” – comes about after an asset’s 50-day moving average crosses beneath its 200-day […] The post Analyst: this dire technical formation may spell doom for Bitcoin’s near-term price action appeared first on CryptoSlate.

2020-1-24 22:19


Фото:

Bitcoin’s Death Cross Fears Are Overblown, According to Analyst

The recent Bitcoin surge that caused the price to increase by roughly 40 percent in 16 hours has left investors and traders searching for answers as to why this happened. While there might not be a clear answer, possible options include the recent wave of positive news from China, the CME gap, and the performance […] The post Bitcoin’s Death Cross Fears Are Overblown, According to Analyst appeared first on BeInCrypto.

2019-11-1 19:08


Теханализ: цена биткоина рискует упасть к отметке $7200

Несмотря на некоторую консолидацию после вчерашнего обвала, на цену BTC по-прежнему оказывают значительное давление продавцы. Согласно наблюдениям аналитиков CoinDesk Markets, на дневном графике пробита нижняя полоса Боллинджера и линия тренда индикатора RSI.

2019-10-25 19:06


Фото:

Теханализ: цена биткоина рискует упасть к отметке $7200

Несмотря на некоторую консолидацию после вчерашнего обвала, на цену BTC по-прежнему оказывают значительное давление продавцы. #BTC EU Daily Chart Snapshot Bollinger Band Breakdown RSI has invalidated bull divergence Price risks falling to $7.

2019-10-24 13:09


Litecoin looks to gain movement with potential inverted bart formation

Litecoin was pegged to boom this year, given the historical block reward halving which took place on August 4th; but in contrast, the silver altcoin failed to see its price climb. Soon after, the altcoin saw the formation of death cross on 30th August which is considered highly bearish as it indicated the potential for […] The post Litecoin looks to gain movement with potential inverted bart formation appeared first on AMBCrypto.

2019-10-19 21:00


Фото:

Мнение: перед возобновлением роста биткоин посетит отметку $7430

Аналитик CoinDesk Омкар Годбоул уверен, что цена биткоина уже почти достигла локального дна, после которого возобновится рост. Согласно его наблюдениям, в ближайшие недели должен произойти так называемый «крест смерти» (death cross) — пересечение 50-дневной скользящей средней (MA) с MA 200.

2019-10-20 22:00


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