🚨 $SOL is under pressure. Is more downside coming, or is a bounce near? Here's my read.
📉 Price at 86.63 sits below both EMA20 (88.87) and EMA50 (91.54), so the trend is clearly down.
📊 RSI 14 is near 30, which is oversold, but oversold can stay oversold in a falling market.
🔻 Support at 85.02 is the level to watch. A clean break opens the door lower.
🎯 Target: 84.00 | ❌ Invalidation: 89.20 (a reclaim of the EMA20 would flip my view).
Do you agree, bullish or bearish? Tell me below 👇
Follow me for the next forecast, I post two a week.
Not financial advice. DYOR.
#CryptoForecast #TechnicalAnalysis #Solana
📉 Price at 86.63 sits below both EMA20 (88.87) and EMA50 (91.54), so the trend is clearly down.
📊 RSI 14 is near 30, which is oversold, but oversold can stay oversold in a falling market.
🔻 Support at 85.02 is the level to watch. A clean break opens the door lower.
🎯 Target: 84.00 | ❌ Invalidation: 89.20 (a reclaim of the EMA20 would flip my view).
Do you agree, bullish or bearish? Tell me below 👇
Follow me for the next forecast, I post two a week.
Not financial advice. DYOR.
#CryptoForecast #TechnicalAnalysis #Solana
