Solana's price is struggling around $150 after failing to break through the key resistance level of $183. The emergence of a Death Cross suggests potential further declines as the 200-day EMA crosses above the 50-day EMA, a historically bearish signal.
This technical shift indicates a weakening momentum, possibly leading to a downward trend. New addresses interacting with Solana are at a 4-month low, showing declining new investor interest, which adds to the altcoin's challenges.
To reverse the current downtrend, Solana needs to breach the $161 level for a chance of recovery.
Источник: beincrypto.com ↗