#Solana Technical Signals Point to Controlled Downtrend
According to TradingView data, SOL’s daily chart reveals that the token remains within the larger correction phase after touching the October high of $220-$230. The formation of lower highs and lower lows establishes that there has been bear market domination and no mere correction.
The large drop that happened in November has already broken through many supports and has settled down around $126, which corresponds to a critical Fibonacci level (0.236-0.382).Attempts made for the higher move are being met with sell pressure between $135 and $150, which indicates that the upside strength is not strong at the moment. If SOL goes below $125 daily, it might test the $110-level. In order to break the prevailing downtrend, it needs to go above $135-$150.
