Solana (SOL) had the largest downturn, plunging 8.1% from $140.39 to $129.02 during the short analysis period. This decrease—$11.37—came at the same time as increased geopolitical tension and overall market sell-offs were negatively affecting global markets. The cryptocurrency’s failure to hold important technical prices added to the downside momentum.
SOL’s price was strongly resisted at $133.80, which this level of resistance kept stopping pullback moves. The first level of support moved up from $127.43 to established a new intraday floor at $128.90. At the time of writing, SOL is now worth $128.82, down 8.33% in the last 24 hours.
The dramatic intraday correction in SOL’s value is directly tied to the surging geopolitical firestorm. This decline represented a significant break below important technical support, specifically the 200-day simple moving average near $149.54. The creation of lower highs and inability to hold bounces are signs of deteriorating market structure for SOL.
Our analysis showed a very high supply concentration around $130.20 which further confirmed short-term bearish momentum. The most substantial hourly drop occurred at 13:00, with the price plummeting from $133.58 to $128.82 on a volume of 4.03 million. The session’s overall highest to lowest price range was from $141.14-$126.85, a 10.2% intraday move.
SOL's price decline from $140.39 to $127.25 featured its sharpest hourly drop at 13:00. Multiple recovery attempts around $130.05 failed, with a spike in volume on every single rejection. In late-session trading, SOL traded between a low/high range of $130.42/$128.85, consistently coming it under sell pressure.
