The price trajectory now suggests that SoliceThe Solice crypto price around the start of March 2024 rallied from the support of $0.0025000 to $0.0074000, by March 12th, 2024. At the top, it met resistance and fell, which later formed a support at $0.0037000 price level on March 23rrd 2024.
The buyers managed to give Solice Price another boost from the support, but it started to fall from midway due to strong resistance development, due to declining trendline over the daily chart.
Despite this another rally attempt from buyers, the Solice price showed a struggle that could not break through this resistance. The Solice price is showing declining possibilities as the trendline poses an effectively strong resistance on the daily chart.
The price trajectory now suggests that Solice (SLC) may be on the brink of a significant drop, as it has encountered resistance. The Solice asset's bearish momentum seems obvious, as it has reacted negatively to the trendline and has started falling. More selling pressure could cause the price to cut below the critical 20-day and 50-day exponential moving averages, indicating that lower levels may be reached if selling pressure increases.
The technical indicators also signal bearishness; the MACD shows that the MACD line is below the signal line at 0.0001951. Likewise, the Relative Strength Index is currently at 51.03, and the RSI line has cut the 14-SMA line from above, thus suggesting that the Solice asset's momentum is waning and it may descend further.
As of the latest update on the price, there's an intraday decline of 5.34%, with Solice trading at $0.004812. If bearish trends intensify, it could show the price testing the support level at $0.003700 and potentially even the critical support at $0.002700.
Alternatively, should the market sentiment shift and buyers regain control by jumping past the trendline resistance, there's potential for Solice's price to ascend toward higher levels of $0.0062000 and $0.0072000.
