Solana Price Prediction: Impending Death Cross Flashes – Is a Drop Below $123 Inevitable?
Solana buying and selling close to $130 as we speak, stabilizing after a unstable week marked by heavy sell-offs and a looming dying cross between its 50-day and 200-day transferring averages.
This crossover, traditionally related to extended draw back cycles, has drawn renewed consideration as merchants assess whether or not the $121–$123 assist zone can face up to mounting strain.
With SOL nonetheless locked inside a months-long descending channel, the market is grappling with whether or not this assist will maintain or give option to a deeper transfer decrease.
Trend Weakens as Death Cross Approaches
SOL’s technical construction stays broadly bearish, outlined by a steep falling channel that has formed each main swing since mid-September. Lower highs proceed to strengthen the downtrend, with every restoration try stalling beneath the channel’s midpoint.
The coming days carry added weight: the dying cross is forming for the primary time since early 2023, signaling a potential shift towards a longer consolidation part if consumers fail to regain momentum. The $121–$123 area, examined repeatedly this week, stays the final main barrier earlier than a potential slide towards $107 and $95.
Key bearish pressures embrace:
- A persistent sequence of decrease highs since September
- A channel midline rejecting each bullish try
- An imminent 50-day/200-day EMA crossover
Support Holds, however Momentum Remains Fragile
Despite the bearish setup, consumers have proven resilience on the decrease fringe of the channel. Recent candles characteristic lengthy decrease wicks and smaller our bodies, proof of aggressive dip shopping for round $121.
The RSI at 33 has bounced from oversold territory, forming a delicate bullish divergence as momentum steadies whereas worth presses on assist.
Reclaiming the $144–$146 zone stays the primary check of renewed power. A break above $172, the channel’s higher boundary, would sign a significant development shift.
Solana Technical Outlook: Price Stabilizes Inside a Falling Channel as Bulls Defend Support
Solana price prediction stays bearish as merchants in search of safer entries could await a confirmed bullish candle contained in the $121–$123 area. A detailed above $144 would validate early power and open a path towards $146, $172, and probably $205 if broader sentiment improves.
However, failure to defend $121 would activate the death-cross narrative extra aggressively, exposing Solana to deeper draw back into early December.
If macro circumstances stabilize, SOL may nonetheless transition from decline to accumulation, providing new entry factors forward of upcoming presale alternatives.
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