- Summary:
- Solana price drops to new multi-week lows, testing key support.
- Ethereum trades sideways around $2,695, lacking clear momentum.
- XRP price weakens after failing to reclaim resistance at $2.72.
Solana (SOL) extended its decline, reaching fresh lows, while Ethereum (ETH) and Ripple (XRP) struggled to gain traction after last week’s failed recovery attempts. Market sentiment remains fragile, with technical signals flashing mixed trends across these top altcoins.
Solana Price Drops Below Critical Support
Solana price has been on a downward spiral, breaking below key support at $168.49 and testing $163.23. The selloff accelerated as bulls failed to hold above the $179.38 resistance last week. At the time of writing, SOL hovers near $168.49, showing no clear signs of reversal.
- RSI: 30.41 – Oversold but lacking bullish confirmation.
- MACD: Deeply bearish, suggesting continued selling pressure.
- Key Resistance: $179.38, $201.23
- Key Support: $163.23, $151.39
If Solana extends its decline, the next critical level sits at $151.39, a support that could determine whether the coin stabilizes or falls further.
Ethereum Stuck in a Range Near $2,695
Ethereum price has remained trapped in a sideways range, failing to reclaim the $2,719.97 resistance while holding above $2,555.25. Despite last week’s modest gains, ETH struggles to generate bullish momentum, with traders waiting for a breakout to define the next trend.
- RSI: 40.77 – Below neutral, indicating weak momentum.
- MACD: Bearish, but signs of stabilization.
- Key Resistance: $2,719.97, $2,815.83
- Key Support: $2,555.25, $2,315.67
A daily close above $2,719.97 could push Ethereum toward $3,000, but failure to hold support at $2,555.25 may lead to deeper losses.
XRP Loses Steam After Failing to Reclaim $2.72
XRP price attempted a recovery last week but failed to break above $2.72, leading to renewed selling pressure. At the time of writing, XRP trades at $2.58, with downside risks increasing if bulls fail to reclaim lost ground.
- RSI: 46.88 – Neutral, showing no clear direction.
- MACD: Weak bullish signal, lacking momentum.
- Key Resistance: $2.72, $2.89
- Key Support: $2.47, $2.21
If XRP drops below $2.47, it could extend its decline toward $2.21, while a rebound above $2.72 could trigger fresh upside potential.
Conclusion: Can Altcoins Find Support?
Solana’s break below key support levels suggests a deeper retracement if buyers don’t step in soon. Meanwhile, Ethereum’s lack of momentum and XRP’s failure to reclaim resistance keep traders cautious. The overall crypto market remains volatile, and technical levels will dictate the next move for these major altcoins.