Solana is at great risk than analysts. An analyst who was famous in X gave a critical decline signal for Solana (left). Analyst, known as the Master Master Trader on a large crypto currency exchange, says that the SOL has shown the same decline signal before the collapse of 2021 again.
Dangerous technical formations are seen in Solana
Bluntz, which has 314,900 followers on the X platform, said Solana showed a decline in a two -week chart. According to analysts, the mismatches of high -time periods indicate that the presence seems to be rising. This may be an important sign that the price can be reversed.
Bluntz, “The SOL is a very bad signal to hang down from the $ 220 price level. This invalidates the ABC formation and shows us the possibility of experiencing a stronger decrease tendency ”he said.
After a similar signal in 2021, the left fell from 260 dollars to $ 8
Bluntz’s analysis shows that Solana created a similar technical formation in 2021, and then had a great collapse. At that time, the price of the solana experienced a harsh decline from $ 260 to $ 8 and entered a long bear market.
Analyst, “The same formation occurred. When we saw something like this for the last time, the year was 2021 ”he warned investors.
Solana price at critical levels
Solana price, over 7 %in the last 24 hours, began to be traded for $ 196.71. This decline worries investors about how the market will react to technical indicators.
For Solana, the price level of 220 dollars has become a critical resistance point, while the level of $ 180 is followed as a strong support if the downward pressure increases. If this support is broken, it is estimated that Solana may drop to $ 150.
Important levels for investors
Analysts say that the fact that Solana is below $ 220 can trigger a large wave of sales. However, it is stated that if this price level increases, it can initiate a new upward trend.
Particularly long -term investors closely follow how Solana will maintain these critical levels. The reaction of the market in the coming days will be decisive in terms of Solana’s future price movements.
