$SOL /USDT 4h Technical Update
Analysis:
Solana (SOL) is showing Bearish Momentum on the 4-hour timeframe. The price is currently pinned below the 20-period moving average ($80.62). We are seeing a slight defense at the $78.40 support level, but buying volume remains low.
Prediction:
If $78.40 holds, we may see a relief rally to $81.50. However, a break below this support could lead to a quick drop toward $76.70.
SOL/USDT 1D Macro View
Analysis:
Looking at the Daily chart, SOL remains in a Bearish trend after failing to reclaim the $84.00 level. The Bollinger Bands are widening slightly, suggesting that downward volatility is still present.
Prediction:
The next major downside target for bulls to defend is the $76.09 support zone. A failure to hold there could see a retest of the $67.50 lows from February.
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