Shift

Solana

Momentum

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<ul> 
 <li>Solana faces a critical test after a 10% drop in the past week, with sellers eyeing the $164 support zone.</li> 
 <li>Failure to hold this level could lead to further declines targeting the $130 price area.</li> 
 <li>Bearish technical indicators like the MACD cross add to the mounting selling pressure.</li> 
</ul> 
<p><strong>Solana’s recent rally has stalled. Get a breakdown of crucial price levels, technical signals, and what this could mean for SOL in the short term.</strong></p>
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<h2 id="strong-sellers-target-164-solana-support-after-failed-breakout-strong"><strong>Sellers Target $164 Solana Support After Failed Breakout</strong></h2> 
<p><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?quality=70&amp;ssl=1"><img decoding="async" class="alignnone size-full wp-image-132976" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Solana-SOL" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/12/Solana-SOL-3.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a></p> 
<p>Solana (SOL) bulls couldn’t sustain momentum above the key $206 resistance, paving the way for a wave of selling. If the critical $164 support fails, bears could gain further control and trigger a steeper decline.</p> 
<h3 id="strong-macd-bearish-cross-signals-momentum-shift-strong"><strong>MACD Bearish Cross Signals Momentum Shift</strong></h3> 
<p>Adding to the bearish outlook, the 3-day MACD has formed a bearish cross, suggesting a shift towards downward momentum. This technical indicator could embolden sellers in the near term.</p>
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<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>Solana’s price is in a precarious position. A decisive break below $164 could signal a more significant bearish trend with a potential downside target of $130. Traders and investors should closely monitor these critical levels to gauge SOL’s near-term trajectory.</p>

Solana (SOL) Price Crumbles: Will $164 Support Hold? Key Levels to Watch

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