SOL Crashes 7% Weekly, is $27 Coming? (Solana Price Analysis)

Solana misplaced its bullish momentum and is now falling beneath the ascending triangle in the hunt for assist once more.

Key Help ranges: $27

Key Resistance ranges: $44

Solana did not rally over the weekend, and bears took benefit of this to push it in direction of $33. In doing so, the cryptocurrency broke beneath the ascending triangle. Ought to the value proceed downwards, SOL would possibly discover good assist at $27. The important thing resistance is at $44.

Chart by TradingView

Technical Indicators

Buying and selling Quantity: The quantity decreased over the weekend, and at this time, it didn’t fare any higher. Up to now, the bears have the higher hand.

RSI: The each day RSI couldn’t keep above 50 factors and fell beneath this key stage. This locations Solana within the bearish zone.

MACD: The each day MACD is rapidly dropping its bullish momentum. If consumers can handle to cease the downtrend at present ranges, then SOL may reverse its downtrend.

Chart by TradingView


The short-term bias for SOL is bearish.

Brief-Time period Prediction for SOL Value

The present breakdown from the ascending triangle is a bearish sign. Nevertheless, sellers didn’t appear too desirous to push costs a lot decrease, and quantity has decreased because the breakdown. If this continues, consumers might take over the value motion and produce SOL again on the uptrend.


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Cryptocurrency charts by TradingView.

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