Solana (SOL) He was one of the most stable altcoins in the cryptography market, providing impressive successes during bull cycles. However, having reached the peak above $ 280, SOL is faced with significant sales pressure, which led to a sustainable reduction in price. Currently, trading about $ 143, traders and investors are asking the question whether this is the end of the descending trend or it is not yet possible.
Using the level of SOLANA testing support, technical indicators blink mixed signals. A Relative force (RSI) index deeply resoldAssuming that a potential rebound can be on the horizon. However, in general Bear structure remains untouchedMaintaining a lack of risks. Big question now: Solan price is prepared For a serious change, or will he see a further drawback before the true recovery? Let’s analyze the diagram to reveal potential prices in the coming weeks.
Solana price forecast: Does Solana find the bottom after a recent decline?
Solana (Sol) was in clear downward trend Since the peak above $ 280 Earlier this year. The last price action shows that Sol bounced from Strong support level of about 140 dollarswhich acted as a historical demand zone in the past. However, despite this temporary relief, Solan remains in Bear structureAs evidenced by a number of lower maximums and lower minimums.
A Green support lines The graph is highlighted in the previous zones of demand, and the latest rebound occurred after a sharp decline from $ 180- 190 dollarsThe field is now whether SOL has found SOL solid bottom Or, if another wave of sales pressure can reduce prices.
What do indicators suggest?
A Relative force (RSI) index Currently sitting nearby 26.76which deeply in Respestering territoryThe field historically, RSI below 30 It suggests that a potential rally or change in help can be in the game. However, only resold RSI is not enough to confirm Trend change– This only indicates that the pressure of the sale can be temporarily exhausted.
Another important observation is RSI inability to show bull divergenceThis is the field suggests that, although Sol Price has been resold, there is still no clear sign that the impulse is changing in favor of the bulls. The sliding average on RSI remains in During the slopeMeaning that further consolidation or lack of movement is still on the table.
Can Sol Price break through above the key resistance level?
For bull restorationSun Price must break through the key levels of resistance. A The first resistance near $ 160-165Which is consistent with previous support, has become resistance. If SOL can advance above this range with a strong volume, it can signal the beginning of recovery.
A The next major resistance level visible nearby 190-200 dollarsthe region that acted as Critical supply zone During the previous rally. If SOLANA cannot return these levels, any short -term rally can be just relief bounces before another declineField
Can the salt price decrease below $ 140 if the weakness remains?
On the other side, $ 140 Support level This is the most important area for observation. A Closes daily below $ 140 could open the door for further reduction to $ 120 or even $ 100As can be seen from previous market structures.
Given the ongoing bear pulse, Lower high formation With subsequent refusal of resistance, it can signal the other leg downA field if a wider crypto -market, especially bitcoin, demonstrates further weakness, Solan could try to keep it above this Key psychological levelField
Solana price forecast: what’s next?
The current price action suggests that Sol is at a critical stageField while resold conditions can cause Short -term reboundThe overall structure remains a bear if the key levels of resistance are not restored. Traiders must follow Confirmation of signalsFor example, an increase Buying volumeIN RSI discrepancyor Successful repeated support test To evaluate if there is a stable change in the game.
Caution is currently recommended, since the inability to return the resistance levels can lead to Another wave of sales pressurePotentially send SOL for re -testing the lower support zones in the coming weeks.
