Solana (SOL) Possbile liq$ grab
Solana (SOL)
For the past six months, Solana has been stuck in a flat trend and recently made a lower low. This is not bullish and is rather concerning for anyone hoping for higher levels. The price also closed the week with a 9% loss.
While support at $130 has held well to date, this does not guarantee that it will be tested again in the future. Even if the trend is flat, the price action leans bearish, which could see bears return.
Looking ahead, unless the overall market sentiment improves, Solana will struggle to rally again. The current resistance is at $164.
For the past six months, Solana has been stuck in a flat trend and recently made a lower low. This is not bullish and is rather concerning for anyone hoping for higher levels. The price also closed the week with a 9% loss.
While support at $130 has held well to date, this does not guarantee that it will be tested again in the future. Even if the trend is flat, the price action leans bearish, which could see bears return.
Looking ahead, unless the overall market sentiment improves, Solana will struggle to rally again. The current resistance is at $164.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.