Solana Price Hits New Lows Amid U.S. Crypto Reserve News; Meanwhile New Viral Altcoin Continues Gaining Traction
, effectively scrubbing any gains made after reaching a $180 peak during a general decline in the crypto market. Initially buoyed by U.S. Strategic Reserve inclusion, SOL’s fortunes changed when Trump announced tariffs, triggering a . Whale activities have been gracing meme coin rallies while targeting Solaxy, one such lower-cap ecosystem project.
Analysts are marking out levels for another dip as and resistance acts at $150. This degradation is heightened by technical indicators of Solana such as the 100-week SMA, indicating stabilization above $113 could be expected. However, macroeconomic uncertainties may dampen such hopes.
SOL has been pretty volatile lately, with a daily range of 11.92%. The price fluctuated in the range of $140.61 and $152.53, with an over $5 billion trading volume in SOL. The short-term moving average is $147.20, which is up 3.20%. The 1-hour RSI stands at 85, indicating that it is overbought, while 42 is the value of the
