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SOL
🔥Solana on Edge: Will $130 Support Hold, or Is a Bigger Crash Ahead?
Solana Price Analysis: A Bearish Outlook
In the daily chart, the SOL price trend reveals a massive crash after failing to surpass the $260 supply zone. The pullback has dropped Solana’s market price by nearly 47% from its $280 peak.
Solana Price Chart
Furthermore, the bearish crossover in the 50-day and 100-day EMA lines increases the possibility of a death cross between the 50-day and 200-day EMAs. With the ongoing bearish trend, the daily RSI line has plunged into the oversold territory, reflecting increased selling momentum.