- Important technical indicators, including cumulative volume delta (CVD) and financing percentages, point to a negative market sentiment.
- The approval of a Solana ETF (85%) could be a long -term catalyst for price recovery.
In the rapidly evolving world of cryptocurrencies, Solana [SOL] Makes the headlines because it is currently in a bearish trend, with its price that falls from $ 200 to $ 187.99, which reflects a strong sales pressure.
Important technical indicators, including cumulative volume delta (CVD) and financing percentages, point to a negative market sentiment. In addition, the relative strength index (RSI) at 32.54 suggested a further downward momentum.
Will Sol repair or continue his downward process?
Solana: Bullish Hope of Bearish Reality?
Ambcrypttos’s view of the price trend revealed a well -defined bearish patron. From January 31 to February 3, SOL consistently formed lower highlights and lower lows, a classic indication of Bearnishness.
Source: X
The recent price movement from $ 200 to $ 187.99 and the subsequent rebound to $ 196.93 suggested a temporary recovery, but does not indicate a complete reversal.
Also meant the formation of a falling triangle continuous consolidation, with the risk of a further fall to $ 138 if the support level of $ 191 cannot retain.
That is why Sol remains in a precarious position without a bullish catalyst, susceptible to further losses.
What kind of SOL lies?
Various indicators strengthened the Bearish -by -views for Solana.
The cumulative volume -delta (CVD) on the 30 -minute graph showed values ranging from -764.722K to -786,138K, which confirms the dominant sales pressure on purchase activity.
Source: Coinglass
Financing percentages at -0.0170 also showed a market that preferred short positions, because traders expected decreases.
The RSI at 32.54, although not in the over -sold -up area, emphasized the constant weakness, with a small chance of reversal as buyers intervening for important support levels.
The volatility index of 236.03 illustrated considerable price fluctuations, making Sol very unpredictable. So if SOL does not hold $ 191, the volatility could yield to $ 138, which strengthens the continuous instability.
Can a sol ETF change the game?
The approval of a Solana ETF (85%) could be a long -term catalyst for price recovery. Institutional investments via ETFs often improve liquidity and demand, which may make the market stabilized.
In view of the current Bearish trend, however, the ETF cannot only cause immediate price in charge, but rather lays the foundation for future growth.
Read Solana’s [SOL] Price forecast 2025–2026
Finally, Sol is a clear bearish -trend, with a strong sales pressure and increased volatility.
Although the long-term ETF approval offers growth potential, the current technical indicators suggest further downward risks before sustainable recovery occurs.