financetom
Technology
financetom
/
Technology
/
Solana price faces negative outlook - Analysis - 04-06-2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Solana price faces negative outlook - Analysis - 04-06-2025
Jun 4, 2025 8:51 AM

SOL/USD price settled lower in latest intraday trading, amid ongoing negative pressure due to trading below the 50-day SMA, with negative signals from the Stochastic after reaching overbought levels, amid the dominance of the downward correctional trend in the short term.

Therefore we expect the price to fall and target the support of $142.00, provided the resistance of $163.65 holds on.

Todays price forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump's Commerce secretary pick says Biden-era chips investments need review
Trump's Commerce secretary pick says Biden-era chips investments need review
Jan 29, 2025
WASHINGTON, Jan 29 (Reuters) - U.S. President Donald Trump's nominee for Commerce secretary Howard Lutnick said on Wednesday that the Biden-era subsidies for U.S. semiconductor manufacturing are an excellent down payment but need review. I think they're an excellent down payment as a structure. I think we need to get it right, Lutnick told a confirmation hearing before the U.S....
Trump's Commerce secretary pick says Biden-era chips investments need review
Trump's Commerce secretary pick says Biden-era chips investments need review
Jan 29, 2025
WASHINGTON (Reuters) - U.S. President Donald Trump's nominee for Commerce secretary Howard Lutnick said on Wednesday that the Biden-era subsidies for U.S. semiconductor manufacturing are an excellent down payment but need review. I think they're an excellent down payment as a structure. I think we need to get it right, Lutnick told a confirmation hearing before the U.S. Senate Commerce,...
P/E Ratio Insights for Hewlett Packard
P/E Ratio Insights for Hewlett Packard
Jan 29, 2025
In the current session, the stock is trading at $22.14, after a 3.15% increase. Over the past month, Hewlett Packard Inc. stock increased by 3.10%, and in the past year, by 44.11%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Evaluating...
Trump officials discussing tightening curbs on Nvidia's China sales, Bloomberg reports
Trump officials discussing tightening curbs on Nvidia's China sales, Bloomberg reports
Jan 29, 2025
Jan 29 (Reuters) - U.S. President Donald Trump's administration is considering tightening restrictions on AI leader Nvidia's ( NVDA ) sales of its H20 chips designed for the China market, Bloomberg News reported on Wednesday. ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved