๐จ SOL DOWN 11.68% โ IS THE SELL-OFF NEARING EXHAUSTION?
Solana ($SOL) trades around $69.83.
Both chart timeframes show extreme weakness.
15M CHART
- RSI: 14.47
- MACD histogram: -0.16
- MA(30): $72.65
- MA(200): $77.82
1H CHART
- RSI: 15.36
- MACD histogram: -0.35
- MA(30): $75.80
- MA(200): $84.19
๐ 24H volume: $4.34B (+27.61%).
The market is experiencing significant selling pressure. However, deeply oversold conditions can produce sharp countertrend rallies.
๐ด CASHCALLINGโข BIAS: BEARISH.
Will SOL produce a relief bounce, or will sellers extend the decline?
Share your analysis.
๐ CashCallingโข Trading World.
#SOL #Solana #CryptoMarket
Solana ($SOL) trades around $69.83.
Both chart timeframes show extreme weakness.
15M CHART
- RSI: 14.47
- MACD histogram: -0.16
- MA(30): $72.65
- MA(200): $77.82
1H CHART
- RSI: 15.36
- MACD histogram: -0.35
- MA(30): $75.80
- MA(200): $84.19
๐ 24H volume: $4.34B (+27.61%).
The market is experiencing significant selling pressure. However, deeply oversold conditions can produce sharp countertrend rallies.
๐ด CASHCALLINGโข BIAS: BEARISH.
Will SOL produce a relief bounce, or will sellers extend the decline?
Share your analysis.
๐ CashCallingโข Trading World.
#SOL #Solana #CryptoMarket