solanaspaces narxiSolana

Solana started a fresh decline below the $162 zone. SOL price is now attempting to recover and faces hurdles near the $166 zone. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $165 and $166. Solana Price Attempts Recovery Wave Solana price failed to remain stable above $175 and started a fresh decline, like Bitcoin and Ethereum. $SOL declined below the $170 and $165 support levels. The price gained bearish momentum below $160. A low was formed at $145, and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. Besides, there was a break above a key bearish trend line with resistance at $155 on the hourly chart of the SOL/USD pair. Solana is now trading below $165 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $165 level. The next major resistance is near the $166 level and the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. The main resistance could be $172. A successful close above the $172 resistance zone could set the pace for another steady increase. The next key resistance is $180. Any more gains might send the price toward the $188 level. Another Decline In SOL? If $SOL fails to rise above the $166 resistance, it could continue to move down. Initial support on the downside is near the $160 zone. The first major support is near the $155 level. A break below the $155 level might send the price toward the $148 support zone. If there is a close below the $148 support, the price could decline toward the $142 zone in the near term.

LATEST: 🇺🇸 Solana spot ETFs saw $9.7M in net inflows on Wednesday, its seventh straight day of net inflows.

On November 5 (ET), U.S. spot Bitcoin ETFs recorded a net outflow of $137 million, marking six consecutive days of net outflows. Spot Ethereum ETFs saw a net outflow of $119 million, also for the sixth straight day. In contrast, U.S. spot Solana ETFs recorded a net inflow of $9.7 million, marking seven consecutive days of net inflows.

I bring you the alpha. Set Reminder: 1pm EST Tomorrow Nov 6th MartyParty with @harmonic_gg with Ben @HypoNyms Come and learn about Harmonic. An open block building system optimized for validator revenue and throughput, built to make #Solana faster, fairer, and more competitive.