Although Solana (left) has recently made a strong rally, the price is currently at a dangerous level. Analysts say that technical indicators are weakened and the left price can soon go below $ 170. So, is this decline inevitable? What awaits Solana investors?
Technical indicators give a fall signal
Solana’s price movement has been drawing an indefinite picture in recent days. The 200 -day moving average shows that the price tests long -term support. If this level cannot be maintained, the downward pressure may increase and the left can hang below $ 170. In particular, the RSI indicator approaching the excessive sale zone indicates that buyers are withdrawn from the market.
In addition, there is a significant decrease in the volume of transaction. The falling volume shows that the interest of buyers has decreased and the pressure pressure has increased. If this trend persists, the price of Solana may drop to $ 160. Investors need to follow these critical levels closely.
Solana’s critical support points
Analysts say that the most critical support levels for Solana are $ 175 and $ 170. If the price goes below $ 170, a deeper correction process may begin. In such a scenario, the price may be possible to decline to $ 155. Therefore, investors should follow these levels carefully and determine the stop-loss orders accordingly.
However, the general situation of the market is of great importance. Bitcoin’s price movements directly affect large subcoins such as Solana. If the BTC cannot maintain $ 50,000, Solana seems to be likely to enter a new wave of fall. Therefore, investors need to follow not only technical indicators, but also macro market conditions.
Important Warnings for Solana Investors
Solana’s future price movement will be closely linked to the general trends on the market. If there is a recovery throughout the market, the left can move up again. However, existing indicators support the decline tendency. Therefore, investors need to carefully analyze short-term price movements and maintain Stop-Loss levels.
In summary, Solana is currently on a critical threshold. If the level of $ 170 is broken, a larger wave of sales may begin. It is of great importance that investors are careful and adjust their strategies according to market conditions.
