Solana did not maintain its bullish momentum and has heaps its uptrend.
Key Assist ranges: $78
Key Resistance ranges: $104
1. Bearish Breakdown in Progress
As quickly as Solana fell below $100, the momentum shifted bearish and sellers took over the value motion. Over the weekend, the value broke under its uptrend which put an finish the rally that began in October 2023.
2. Key Assist at $78
With patrons on the defensive, the primary key help stage the place they may cease this correction is discovered at $78. This stage used to behave as a resistance on the best way up and now it may act as help.
3. MACD Bearish Momentum Intensifies
The MACD histogram and transferring averages are falling at an growing pace which is a bearish sign that exhibits sellers dominate proper now. SOL’s worth will seemingly proceed to fall consequently.
Bias
The bias for SOL is bearish.
Brief-Time period Prediction for SOL Worth
All eyes are actually on the important thing help at $78 which is essentially the most vital help stage on the chart. If patrons don’t return there, then this correction could last more than anticipated.
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