Solana Price Prediction: SOL Bounces 12% Overnight – But This One Signal Could Ruin Everything
The Solana worth ($SOL) has pulled off a surprising 12% rally from the underside, however one crucial sign threatens to crash the occasion.
The bounce got here quick, pushing SOL away from harmful ranges. Yet, seasoned analysts are nonetheless bearish, including doubts to bullish Solana price predictions.
There is one lurking indicator might ship every little thing spiraling again down.
Here’s what each SOL holder must know proper now.
This One Signal Could Ruin Everything
Long-term holders are backing away from Solana on the worst attainable time. HODLer Net Position Change information reveals accumulation is slowing down dramatically after final week’s sharp pullback.
These diamond-handed traders often present essential worth help throughout tough patches. But their conviction seems shaken, and that’s a large crimson flag for sustainability.
The Money Flow Index is approaching oversold ranges under 20.0. This usually indicators that sellers exhaustion is setting in.
Solana has solely hit oversold ranges thrice up to now two and a half years. Each time, it led to significant worth stabilization and even reversals that caught bears off guard.
Solana Price Prediction: Will SOL Break Under $70 Support?
Solana remains to be caught in a descending channel and has now slipped under that construction into the $85 to $90 space, which is appearing as short-term help for now.
Trend sensible, nothing has actually modified. This remains to be a bearish setup with decrease highs and decrease lows firmly in place.
If this help offers manner, the subsequent main draw back stage sits round $70, which is the final robust demand zone.
The first resistance to look at is round $100, however the actual stage that issues is $144. A every day shut above $144 can be the sign that the downtrend is probably going over and an actual bullish shift is underway.
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