On the daily chart, $SOL is showing a notable drop of nearly −6.7%, with today's candle closing below the middle line of the Bollinger Bands. This could signal a potential short-term trend reversal or the beginning of a corrective phase.
🔍 Key Technical Insights: Bollinger Bands (20, 2): Price has broken below the midline (20-day MA), suggesting weakening bullish momentum and a shift toward a more neutral or bearish outlook. MACD: A bearish crossover has occurred, with the MACD line crossing below the signal line. The histogram is also declining, indicating fading bullish momentum. RSI (14): Currently around 51, still in neutral territory but heading downward — if it drops below 50, it could confirm increasing selling pressure.
📌 What to Watch Next: The $150–$155 zone may act as immediate support. A bounce from this area could stabilize the price, but a break lower may open the door to deeper correction toward the $135–$140 range.
Stay alert — the market is showing signs of cooling after a strong rally.
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📉 Solana Technical Overview
On the daily chart, $SOL is showing a notable drop of nearly −6.7%, with today's candle closing below the middle line of the Bollinger Bands. This could signal a potential short-term trend reversal or the beginning of a corrective phase.
🔍 Key Technical Insights:
Bollinger Bands (20, 2): Price has broken below the midline (20-day MA), suggesting weakening bullish momentum and a shift toward a more neutral or bearish outlook.
MACD: A bearish crossover has occurred, with the MACD line crossing below the signal line. The histogram is also declining, indicating fading bullish momentum.
RSI (14): Currently around 51, still in neutral territory but heading downward — if it drops below 50, it could confirm increasing selling pressure.
📌 What to Watch Next:
The $150–$155 zone may act as immediate support. A bounce from this area could stabilize the price, but a break lower may open the door to deeper correction toward the $135–$140 range.
Stay alert — the market is showing signs of cooling after a strong rally.
#Solana # Altcoin Season#