๐ Solana (SOL/USDT) Trend Analysis
After touching a recent high of $212.22, Solana is showing signs of losing momentum. The price has pulled back to $209, and the candles on the 15m chart indicate selling pressure near the resistance zone.
Key points:
โ Rejection at $212 suggests strong resistance.
๐ Price is now moving closer to short-term support at $206โ$204.
๐ Trading volume is decreasing, which often signals weakness in the uptrend.
If SOL fails to hold above $206, we may see a shift towards a downtrend, with possible retests of $202 and below.
๐ฌ What do you think?
โก๏ธ Is this just a small correction before another move up, or are we entering a deeper downtrend? Share your opinion โฌ๏ธ#sol #BEARISH๐
After touching a recent high of $212.22, Solana is showing signs of losing momentum. The price has pulled back to $209, and the candles on the 15m chart indicate selling pressure near the resistance zone.
Key points:
โ Rejection at $212 suggests strong resistance.
๐ Price is now moving closer to short-term support at $206โ$204.
๐ Trading volume is decreasing, which often signals weakness in the uptrend.
If SOL fails to hold above $206, we may see a shift towards a downtrend, with possible retests of $202 and below.
๐ฌ What do you think?
โก๏ธ Is this just a small correction before another move up, or are we entering a deeper downtrend? Share your opinion โฌ๏ธ#sol #BEARISH๐
