- If SOL does not have the level of $ 136, it can fall by 12% to reach $ 120.
- Solana’s Bearish prospects may shift if it sticks and closes a daily candle above the level of $ 146.
Solana [SOL] Seems to be preparing for a price fall because it has formed a bearish price pattern.
While the wider market is recovering, Solana has formed a bearish -falling wig pattern on the four -hour period, similar to Bitcoin [BTC].
Solana’s technical analysis and price promotion
At the time of the press, Sol traded near $ 137.5, reflection of a price decrease of 4.76% in the last 24 hours.
The trade volume fell by 10% during this period, which indicates reduced participation of the trader and investors compared to the previous day.
The price decline has brought Sol to the neckline of a bearish head and shoulder pattern on the four -hour period of time, located within a rising wedge, with $ 136 as the neckline.
The technical analysis of Ambcrypto suggests that if Sol closes a four -hour candle under $ 136, it could fall by 12%and reach $ 120 in the coming days.
Source: TradingView
In addition to these bearish patterns, SOL has confronted with rejection of a falling trendline that has followed as a resistance level since January 2025.
This rejection, combined with the formation of a bearish -flooded candlestick pattern, reinforces the Beararish front views.
However, the bearish sentiment can change if Solana breaks the falling trendline and closes a daily candle above $ 147.50. If this happens, SOL might increase by 22% to reach $ 180 in the future.
Source: TradingView
Indicator blinking sales signal, says analyst
Has a remarkable crypto expert on X (formerly Twitter) strengthened The Bearish prospects for Solana.
Source: X
The expert emphasized that the TD -subsequent indicator, who previously signaled a buy for SOL’s 22% rally, is now showing a sales signal.
This raises questions about whether the price will continue to fall, or whether the indicator is only a signal.
Traders Bullish View for Solana
Intraday traders, however, seem to be contrary to the total market sentiment, because they bet strongly on the long side.
Data from the on-chain analysis company Coinglass has shown that traders are currently being used too much for $ 135 at the bottom, with $ 167 million in long positions.
In the meantime, $ 140 is another surplus level where intraday traders have built $ 83 million in short positions.
Source: Coinglass
This emphasizes that bulls are currently dominating despite the Bearish for views, so Sol does not fall any further.
