Since Solana is fighting near the psychological mark for $ 200, is it a fall of up to $ 175?
While Bitcoin is fighting with a mark of $ 100,000, short -term recovery in Altcoins is faced with failures. The inability to maintain the recovery impulse, altcoins, such as SOLANA, experience sudden changes, which leads to rapid turns.
The price trend of the salt shows a bull -free failure, which leads to a morning star image and a fall, near a psychological mark of $ 200. Since Solana Bulls is struggling to hold the level of $ 200, will the second bear wave launched an expanded fall?
Technical analysis SOLANA: growing bear signs
In the 4-hour table, the Sol Sol Price trend shows lower refusal to return the psychological estimate for $ 200. Avoiding the closing price in accordance with the support of 197 dollars, recovery in Solan reached a 24-hour maximum of $ 220.
Nevertheless, the absorbing candle followed the bear. This led to a drop in prices for $ 205, which amounted to 4.5% over the past 4 hours.
With this quick turn of Solan, it was not possible to surpass 38.20% of Fibonacci. In addition, he could not violate the red line of the Super Trend indicator, emphasizing a long bear trend.
In addition, the Stochastic line of RSI gave a bearish crossover on the territory of overwhelming. Consequently, technical signals and candlestick models hint at a long fall in Solan.
Derivatives market: increasing the mood of the bull mood
Despite the strong sales signals in the daily price schedule, the derivatives market witnessed a slight increase in optimistic speculation. The financing level has significantly restored from -0.0611% to 0.0013%, which indicates a key turn among traders to detain bull positions.
In addition, the number of bull position increased slightly, since a long and short ratio increases to 0.9759. Nevertheless, the ratio is still emphasized by a slightly larger number of bear positions in the game.
On the other hand, the open percentage to the derivatives of the salt fell by 0.71%, withstanding 5.5 billion dollars.
In general, the restoration caused bull moods among SOLANA merchants, which is reflected in improving the level of financing and a long -term ratio.
SOLAN network growth
Along with bull speculations, the Solan network indicates an increase in the activity of the cross chain. In the recent X Post Solanafloor, he reported that in January Solana survived more than $ 1.45 billion associated with other chains. This emphasizes the growing confidence and adoption of the Solan ecosystem by developers.
In addition, in a recent interview with Cavemandhirk, co -founder of Defituna, he said that they built on Solan for three simple reasons: faster, better and easier.
While Ethereum was starting and continues to dominate the area, the transition from Ethereum to Solan, probably, since more and more developers are exploring its potential.
Can Solana recover, or do the bear dominate?
Given the analysis of the prices for the bearish, the growing bullly fundamental signals project potential long -term recovery.
Nevertheless, Fibonacci levels draw decisive support of $ 175, which will probably be verified if buyers cannot hold this position on a psychological sign for $ 200.
On the other hand, a lower intersection of price rejection above the level of 38.20% Fibonacci will serve as a key bull signal. If there is a breakthrough rally, the rising trend in Solan can increase to $ 243.50, about 61.80% of the level of Fibonacci.
