Crypto:
36638
Bitcoin:
$91.321
% 2.13
BTC Dominance:
%58.6
% 0.05
Market Cap:
$3.11 T
% 1.94
Fear & Greed:
28 / 100
Bitcoin:
$ 91.321
BTC Dominance:
% 58.6
Market Cap:
$3.11 T

Solana Nears Decision Point: Will The Trend Break?

solana reserve

Recent volatility in the crypto market has led to the formation of noticeable technical patterns in several altcoins. At the center of attention is Solana, which is currently forming a minor descending trend on the daily chart—raising questions among traders.

Support Holds For Now, But Risks Remain

According to recent analysis, Solana has bounced multiple times from the critical 142.42$ – 133.82$ support zone. However, the descending trendline remains intact. A daily close below this key support could trigger further declines, potentially sending Solana down to the 125$ level.


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A Breakout Could Shift Momentum Upward

If Solana breaks above the descending trendline, it could initiate a rally toward the 170$ mark. Such a move would signal a shift in market sentiment and may present short-term buying opportunities. For now, traders are watching for confirmation on either side.

solana, sol
SOL/USDT pair daily chart.

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