In the crypto market, the eyes were turned into this popular Altcoin project. The popular Altcoin, which started April by increasing $ 125 above the level of $ 125, could not maintain this rise. The price continues to be traded in December it has been stuck for weeks. However, technical indicators indicate that there may be a major breakdown at any time. Investors have already started to take positions. As Kriptokoin.com, we transfer the details.
Altcoin graph: Bear Flag Danger! The risk of $ 100 is on the table
The most important structure in Solana’s daily graph is a classic bear flag formation. This structure usually becomes a harbinger of harsh decreases. Although the formation in the graph is not yet full, the pressure is increasing. If the decrease -oriented break is experienced, the probability of decreasing the price up to $ 100 may be on the agenda.
Especially the negative intersection of the Ichimoku cloud at the end of the quarter stands out as a development that supports the bear scenario. In addition, the horizontal watching of Bollinger bands indicates that volatility is reduced. This strengthens the expectation of a sudden price movement. The direction of the break is therefore very critical.
Altcoin graph: Hidden bull signal! The possibility of rise is still alive
Despite all this negative technical picture, a secret bull deviation is remarkable. The RSI indicator shows a decrease signal, while the CMF indicator shows that the procurement pressure increases. In other words, even though the bears are still strong, the bulls are resisting. In particular, the $ 123 support level has been strongly protected since March.
This strong support keeps the possibility of starting a rally towards $ 150 again. In particular, the recent interest of left -based Token projects keeps the interest in the Solana ecosystem alive. This can be an important dynamic that can carry the price up in the long term.
News from the US may be decisive
The fate of the market is not only dependent on technical data. After the new customs duties announced by US President Trump, there was some uneasiness in the markets. If these explanations create a new wave of FUD in the market, the solea price can decrease to $ 115 or even $ 110.
However, if such harsh retreats are not experienced, when the technical and basic appearance is evaluated together, Solana’s potential to reach $ 150 seems quite high. In particular, if the investor interest increases and the volume is recovered, a new AC path can be opened. Analysts say that this process may be sudden.
