👈 Is the
$SOL correction over ❗
- So far, there is no final confirmation that the correction in Solana (SOL) price has ended, as it depends on several factors, including price action, support and resistance levels, and trading volumes.
Indicators that the correction is over:
✔️ The price stabilizes above strong support levels (such as $190-195).
✔️ An increase in buying volume after a strong decline, indicating the entry of new buyers.
✔️ A positive crossing of moving averages (such as 50 and 200 days).
✔️ The Relative Strength Index (RSI) rises above 50, indicating new upward momentum.
Indicators that the correction is continuing:
❌ Breaking important support levels, which may lead to further declines.
❌ Decreased trading volume, indicating weak buyers.
❌ RSI is below 40, which means continued selling pressure.
Conclusion:
If the price starts to stabilize and there is strong volume at the support, it may indicate that the correction is over. However, if it continues to break the support, we may see further declines before a rebound.
#3K_M_A #Binance #TrendingTopic #bitcoin #solana $BTC $SOL