📉 SOL price fell by 5.94% in 24 hours

SOL price is down 5.94% over the past 24 hours, settling at $135.02 after falling 6.77% from its 24-hour high. This shift comes amid a significant drop in trading volume, down 85.32% from its 7-day high, highlighting one of the contributing factors to the recent decline.

📊 Technical indicators

The MACD (moving average convergence divergence) is showing increasing downward dynamics, indicating a bearish trend. The RSI (relative strength index) indicates potential oversold conditions, hinting at further price declines. OBV (on balance volume) adds to sustained selling pressure, while expanding Bollinger Bands suggest increased market volatility, representing a mix of bullish and bearish moves.

⏳What's next?

A drop in trading volume can indicate less interest in an asset, but increased volatility can also mean new opportunities for traders. Keep an eye on these indicators to get an idea of ​​where SOL may be heading in the coming days.