Solana (SOL) has been facing challenges, reflecting a bearish pattern that suggests potential decline. The currency has experienced a significant drop, leading to further uncertainties. The activity on Solana's network has also slowed, with active addresses hitting a 5-month low, indicating waning investor confidence.
Technical indicators like the Relative Strength Index (RSI) show continued pressure, suggesting that bearish momentum is dominant. Despite a 7% drop in the past 24 hours, with SOL trading at $177, further decline is possible as short-term pressure persists.
If Solana manages to recover from the $183 support, it could climb towards $201, contingent on improved market conditions. Breaching the $201 level is crucial to overcoming current bearish expectations.
स्रोत: nl.beincrypto.com ↗