Cryptocurrency has moved in the upward trend since 2023, but now it has been broken under the lower border of this pattern. This indicates a change in market sentiment that sellers get control.
1 year or more brush The price has been moved between the two upward slopes along the upward parallel channel. The low trend line provided support, causing a big decrease. However, if it falls below this level, it indicates that the sales pressure was more than the buyer and the further reduction was improved.
To complement WeaknessSince January 27, SOL has recorded a negative Elder Ray index reading and the latest reading is -30.4. The indicator reflects the relative strengths of buyers and sellers. Negative reading means that bears are dominant and more pressure is added to the price drop.
According to the PIBONACCI RETRESSION INDICATATAR, the SOL can be lowered to $ 136.62 by purchasing pressure. If the support is stopped, it can fall to $ 120.72, the level of September.
However, if the demand for sol is increased again, the weak trend can be reversed. Powerful recovery can return the price to the low trend line of the up -order channel, and the potential movement is up to $ 220.58.