Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Este Artículo También Está Disponible and Español.
Solana has confronted with intense sales pressure and price fluctuations, whereby the active loses more than 57% of its value since 13 January. Bulls have difficulty regaining the momentum and the market sentiment suggests that the cryptomarkt is not in a healthy state for a strong recovery. As the uncertainty continues, investors remain careful and look at signals from a potential trend shift.
Related lecture
Despite the Barish forecasts, however, some analysts believe that this correction could approach the end. Many are now looking for important technical confirmations that can indicate a reversal or outbreak in the near future.
A top crypto analyst, Ali Martinez, shared a technical analysis of X, which showed that Solana remains in consolidation within a wide range of reach. This type of training often suggests increasing volatility before a possible outbreak to higher prices. If SOL follows the historical behavior of this pattern, this could position this for an important movement as soon as market conditions stabilize.
With Solana that floats near crucial price levels, in the coming days the key will be to determine whether bulls can regain control or that are waiting further downwards. Traders are now looking at a decisive outbreak or another leg before they take their next step.
Solana is struggling around the crucial question
Solana is struggling to retain the support level of $ 140 after he has not reclaimed more price levels, so that sentiment Bearish is kept as the price action remains in a downtrend. Analysts remain careful and warned that Sol could see further decreasing unless bulls regain control and establish a stronger momentum.
In recent weeks have been characterized by unpredictable events, which contributes to the uncertainty of the market. The current trade war developments between the United States, Mexico, Canada and China have put extra pressure on the financial markets, including crypto assets such as Solana. In the meantime, President Trump’s executive order to set up a strategic Bitcoin reserve had an overwhelming effect on the market, as a result of which the bullish reaction had not generated that many investors had hoped for.
Despite these challenges, some technical indicators suggest that Solana may prepare for an important movement. Martinez’s analysis Emphasizes that SOL remains in consolidation within a rectangular increasing widening pattern. Historically, this formation has led to high volatility and an outbreak in both directions, which indicates that there could be a big price movement soon.
If Solana breaks below $ 140, this can cause a deeper correction, which further strengthens the Bearish trend. However, if Bulls succeed in pushing Sol above the key resistance levels, this can reverse the falling trend and set the stage for a strong recovery rally.
Related lecture
For now, traders keep a close eye on the Sol price action, waiting for a decisive movement that could determine the next large trend. In the coming days, it will be crucial when assessing whether Solana can stabilize and reflect on or further downward pressure can be confronted.
Solana fights to keep land at lower levels
Solana is currently trading at $ 139 after not recovering the 200-day advancing average (MA) and Exponential Moving Average (EMA), which are around the $ 184- $ 186 resistance zone. The inability to break above these critical levels has caused bulls in trouble because Sol has difficulty keeping supporting $ 140 and now that the risk of putting new lows below $ 125.
The Bearish Momentum has kept Sol under pressure, with a price action that confirms a constant downward trend. If sellers get more control and $ 140 does not hold, a breakdown below $ 125 can lead further down, forcing Sol to lower demand zones.
Despite the current weakness, however, there is still a chance of recovery. If bull Sol can push back above $ 180, the recovery of this critical level can shift the market sentiment and cause a strong recovery movement. A decisive outbreak above this zone would invalidate the bearish -by -views, indicating a potential push in the direction of higher resistance levels.
Related lecture
For the time being, traders look closely to see if Solana can keep his most important support or whether another leg is inevitable. In the coming days will be crucial to determine whether SOL can stabilize in the short term or undergo deeper losses.
Featured image of Dall-E, graph of TradingView
