Solana’s ‘Death Cross’ is Looming as SOL Struggles in the $150 Range

By: beincrypto|2025/05/03 11:30:01

Since April 23, Solana’s price has oscillated within a tight trading range, facing resistance near $153.67 and finding support around $145.68. A growing wave of bearish pressure threatens to break this range to the downside, with a key technical indicator on the verge of confirming a major sell signal.Solana Faces Breakdown Risk as Sellers Tighten GripSOL’s Moving Average Convergence Divergence (MACD) indicator is poised to form a death cross, a bearish crossover where the MACD line dips below the signal line. SOL MACD. Source: TradingViewAs of this writing, the coin’s MACD line (blue) rests near the signal line (orange), awaiting a catalyst to push it under. This pattern often precedes a sustained downtrend and is widely viewed by traders as a sign of weakening price strength.Further, SOL’s Balance of Power (BoP) is currently negative, reinforcing the downtrend. This indicates that sellers have gained market control. At press time, this stands at -0.12.SOL BoP. Source: TradingViewThe BoP indicator measures the strength of buying versus selling pressure by comparing the closing price to the trading range over a given period. When an asset’s BoP is positive, it signals that buyers are in control, indicating strong upward momentum and potential for continued price gain.On the other hand, as with SOL, a negative BoP value indicates that sellers dominate the market. It suggests an increase in downward pressure on SOL and hints at the potential commencement of a new decline phase. SOL Faces Key Support Test Amid Mounting Sell PressureAs bearish momentum builds, SOL risks breaking below the support level at $145.68. A decisive break beneath this threshold would confirm a short-term downtrend and potentially trigger a deeper decline toward $142.32. Should buyers fail to regain control at that point, SOL could slide further to test the lower support at $133.94.SOL Price Analysis. Source: TradingViewHowever, this bearish outlook could be invalidated if fresh demand emerges and buying interest strengthens. In that bullish scenario, SOL may overcome resistance at $153.67, opening the door for a rally toward $171.50.The post Solana’s ‘Death Cross’ is Looming as SOL Struggles in the $150 Range appeared first on BeInCrypto.

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

WEEX API Broker Program: Turn Your Trading Platform Into a Revenue Engine

Become a WEEX API Broker and earn up to 70% trading fee sharing. Get institutional-grade liquidity, OAuth Fast Connect, and a 4-5 day integration for your AI trading platform, bot, or signal community.

How to choose between buying discounted ETH, Bitmine, and SharpLink?

The answer may not lie in whose story is told better, but in specific dimensions such as cost of holding, financing ability, liquidity, and whether the narrative can be realized.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Dan Bin's latest speech: Don't miss out on a great era

Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.