TRON and Solana Face Bearish Pressure at Key Price Levels

Bears still targeting the $140 support

Key takeaways SOL has failed to push above the 20-day EMA and could now test the $140 support level. If the bulls fail to defend the $140 support, SOL could dip further towards $123 in the short term. SOL dips 1% amid broader bearish performance This has been a net negative week for the cryptocurrency so far. The ongoing Middle East crisis has wiped out billions of dollars from the crypto market over the past few days, and more downward correcti…

Solana Bearish Pressure Mounts: Can SOL Price Drop to $60?

TLDR: Solana price drops 13% in 7 days, testing key support between $120 and $145. Analysts see “dead cat bounce” in SOL, warn of possible drop to $60. Trading volume fell over 16%, signaling weakening market participation. $60 projected as a bearish target if trendline support fails in the coming sessions. Solana continues to struggle in the current market environment as technical analysts point to concerning signals ahead. The crypto has show…

Cost Basis Data Highlights Key Support and Resistance Zones for TRON and Solana

The latest on-chain data from Cost Basis Distribution (CBD) charts has disclosed vital information about how investors are acting with respect to two important cryptocurrencies, TRON (TRX) and Solana (SOL). These data sets tell us not just which way these particular digital assets are trending, but also where major groupings of investors have priced them, and hence where potential support and resistance levels may be, which is key information fo…

Solana Plunges 13%: Can Key On-Chain Support Stop The Fall?

Solana has declined by around 13% in the past week, which has brought the asset back to a major on-chain support cluster. Could this be where the bleed ends? Solana Has Strong On-Chain Support Between $145 & $147 In a new post on X, the on-chain analytics firm Glassnode has talked about where support and resistance levels lie for Solana based on the Cost Basis Distribution (CBD) metric. The Cost Basis Distribution tells us about how much of the …

TRON and Solana Face Bearish Pressure at Key Price Levels

The post TRON and Solana Face Bearish Pressure at Key Price Levels appeared on BitcoinEthereumNews.com. TRON (TRX) shows strong support at $0.26–$0.27, where over 14 billion TRX are held. A surge in long liquidations has caused TRON’s open interest to drop by 11.21%. Solana (SOL) faces resistance between $155–$157, with support between $145–$147. The analytical platform Glassnode highlighted that TRON (TRX) has received strong support in the ran…