XRP (CRYPTO: XRP) slipped 2% on Friday as Cardano (CRYPTO: ADA) and Solana (CRYPTO: SOL) extended their declines, with each chart now approaching critical technical levels that could determine short-term direction.
Solana Drops 5% As Downtrend Remains Firm
SOL Price Prediction (Source: TradingView)
Solana fell about 5% and remains capped beneath a steep downtrend line that has rejected every attempt at recovery.
The latest bounce faded at the trendline and the 20-day EMA near $140, reinforcing this area as the first major barrier.
A dense band of Fibonacci resistance between $141 and $153 has repeatedly stopped upside attempts.
Until Solana clears this zone, rallies are likely to fade rather than trigger sustained momentum.
RSI near 41 shows cooling momentum without signs of exhaustion, consistent with a slow-bleed environment.
If selling continues, price could revisit the earlier base at $122–$121, where buyers stepped in during the previous downturn.
If bulls regain control, …Full story available on Benzinga.com
