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the RSI on the weekly chart shows a strong selling pressure, despite its position, the price has continued to drain pockets like a liquidation machine, the outlook for Sol is uncertain, the uncertainty has paralyzed buyers who have seen the price retreat from the 140s to the 126s as if it had suffered a hemorrhage. The paradigm is, if Solana loses 100 USD in a probable drop to this support, it could face a significant problem compared to other protocols like $QNT which trades very close to SOLANA, even ZEC with its more than 700 dollars at its all-time high will Solana be able to regain its prominence or will we be facing the epilogue of an altcoin that has promised analysts prices above 500 USD.
currently, the bearish pressure seems not to hit bottom but if it has not operated, it could wait for the liquidation to lose strength and for the bulls to put on their shirts to regain control.
if this happens, the price could go to 156 dollars to take stops and rest in a more positive range for the holders.
