Bulls – Finance Master https://finance.vmondeika.com Investment Tips & Top Stories Thu, 11 Jun 2026 09:09:44 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 Solana (SOL) Back On The Defensive—Can Bulls Prevent Another Drop? https://finance.vmondeika.com/solana-sol-back-on-the-defensive-can-bulls-prevent-another-drop/ https://finance.vmondeika.com/solana-sol-back-on-the-defensive-can-bulls-prevent-another-drop/#respond Thu, 11 Jun 2026 09:09:44 +0000 https://finance.vmondeika.com/solana-sol-back-on-the-defensive-can-bulls-prevent-another-drop/ Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00.

  • SOL price started a downside correction below $66 against the US Dollar.
  • The price is now trading below $65 and the 100-hourly simple moving average.
  • There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair (data source from Kraken).
  • The pair could extend losses if it dips below the $63 zone.

Solana Price Dips Again

Solana price failed to stay above $67 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $66 and $65 to enter a short-term bearish zone.

There was a move below the 50% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair.  The price even tested the $63.20 support.

Solana Price

Solana is now trading below $65 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $65 level. The next major resistance is near the $66 level. The main resistance could be $67.20. A successful close above the $67.20 resistance zone could set the pace for another steady increase. The next key resistance is $68. Any more gains might send the price toward the $70 level.

Downside Break In SOL?

If SOL fails to rise above the $66 resistance, it could start another decline. Initial support on the downside is near the $63.10 zone and the 61.8% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. The first major support is near the $62.20 level.

A break below the $62.20 level might send the price toward the $60 support zone. If there is a close below the $60 support, the price could decline toward the $55 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 – $63.10 and $62.50.

Major Resistance Levels – $65.00 and $67.20.

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XRP Forms Channel Support That Puts Market In Difficult Spot, But Bulls Still Have A Chance https://finance.vmondeika.com/xrp-forms-channel-support-that-puts-market-in-difficult-spot-but-bulls-still-have-a-chance/ https://finance.vmondeika.com/xrp-forms-channel-support-that-puts-market-in-difficult-spot-but-bulls-still-have-a-chance/#respond Wed, 10 Jun 2026 23:25:13 +0000 https://finance.vmondeika.com/xrp-forms-channel-support-that-puts-market-in-difficult-spot-but-bulls-still-have-a-chance/ Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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