Solana failed to settle above $90 and corrected most gains. SOL price is now 
consolidating losses above $85 and might attempt another increase. SOL price 
started a fresh decline below $88 and $87 against the US Dollar. The price is 
now trading near $86 and the 100-hourly simple moving average. There is a 
bullish trend line forming with support at $85.50 on the hourly chart of the 
SOL/USD pair (data source from Kraken). The price could start a recovery wave 
if the bulls defend $85.50 or $85. Solana Price Dips From $90 Solana price 
failed to remain stable above $90 and started a fresh decline, unlike Bitcoin 
and Ethereum. SOL declined below the $88 and $87 levels. The bears even pushed 
the price toward $85. A low was formed at $85.55, and the price is now 
consolidating losses below the 23.6% Fib retracement level of the downward 
move from the $89.34 swing high to the $85.55 low. Solana is now trading near 
$86 and the 100-hourly simple moving average. Besides, there is a bullish 
trend line forming with support at $85.50 on the hourly chart of the SOL/USD 
pair. On the upside, immediate resistance is near the $87 level. The next 
major resistance is near the $87.80 level or the 61.8% Fib retracement level 
of the downward move from the $89.34 swing high to the $85.55 low. The main 
resistance could be $88.80. A successful close above the $88.80 resistance 
zone could set the pace for another steady increase. The next key resistance 
is $90. Any more gains might send the price toward the $92 level. More Losses 
In SOL? If SOL fails to rise above the $87.80 resistance, it could continue to 
move down. Initial support on the downside is near the $85.50 zone. The first 
major support is near the $84 level. A break below the $84 level might send 
the price toward the $82 support zone. If there is a close below the $82 
support, the price could decline toward the $80 support in the near term. 
Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the 
bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD 
is below the 50 level. Major Support Levels – $85.50 and $84.00. Major 
Resistance Levels – $87.80 and $88.80.

Solana (SOL) Strength Fades, Will Bulls Regain Momentum Soon?

Prolonged mine clearance in the Strait of Hormuz could lead to sustained 
global energy supply disruptions and elevated oil prices.
The post Pentagon: Mine clearance in Strait of Hormuz could take six months 
after conflict appeared first on Crypto Briefing.

Pentagon: Mine clearance in Strait of Hormuz could take six months after conflict

The blockade could escalate regional tensions, disrupt global oil supply, and 
potentially lead to increased military involvement.
The post CENTCOM orders blockade against Iran, impacting Hormuz shipping 
routes appeared first on Crypto Briefing.

CENTCOM orders blockade against Iran, impacting Hormuz shipping routes

Geopolitical tensions and rising oil prices could lead to economic 
instability, affecting cryptocurrency markets and investor sentiment.
The post Iran conflict impacts Bitcoin dip market amid rising oil prices 
appeared first on Crypto Briefing.

Iran conflict impacts Bitcoin dip market amid rising oil prices

Netanyahu&#8217;s military focus in Lebanon may undermine diplomatic efforts, 
potentially destabilizing regional peace prospects and market expectations.
The post Netanyahu focuses on military strategy in Lebanon amid diplomatic 
odds tension appeared first on Crypto Briefing.

Cryptocurrency price in BTC