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Solana price dips below $120, testing key support at $117 amid selling pressure.

Technical Signals
29 Sep 2026
Crypto news
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Bearish
Solana price dips below $120, testing key support at $117 amid selling pressure.

Solana's price fell below $120 after failing to break the $125 resistance level, now testing support around $117. The drop follows a rally from mid-September's $97 level, with increased selling pressure indicated by negative Chaikin Money Flow on the 4-hour chart. Analysts highlight $117 as a crucial support; holding this level could lead to a rebound toward $125, while a break below may push prices down to $112.50. The market remains cautious as traders watch these key levels for signs of recovery or further decline.

As of Sep 30, 2026 01:32 WIB, Solana trades at Rp2.136.333 on Pluang, showing a slight decline of 0.68% over the past day. The platform records a market cap of Rp1.247,17 trillion and a 24-hour trading volume of Rp63,75 trillion. Notably, 71% of Pluang users are buying Solana, indicating a majority bullish stance despite the recent price pressure.

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