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Solana (SOL$SOL ) — Weak rebound, the downward structure still remains
Solana is still trading within a clear downtrend, currently attempting a slight rebound after reclaiming lows, but the overall structure still shows weak demand and risks of continued decline.
Moving averages structure (Bearish dominance)
20 EMA: $71.6
50 EMA: $76.9
100 EMA: $83.9
200 EMA: $100.1
Price remains below all moving averages
Moving averages arranged in a downward order (20 < 50 < 100 < 200)
Short-term moving averages act as dynamic resistance
👉 The trend remains bearish with weak recovery attempts