sarwar jahan11

​Current Price (SOL/USDT): $130.81
​Solana is currently under significant bearish pressure, as clearly indicated by the daily chart.
​Key Observations 🧐
​Downtrend Confirmed: The price has been consistently making lower highs and lower lows since the peak around $224.46 (from the visual range).
​Moving Average (MA) Resistance: The price is trading well below all major Moving Averages displayed:
​MA(7) at $132.78 (immediate resistance)
​MA(25) at $153.37 (short-term resistance)
​MA(99) at $194.41 (long-term resistance)
​The MA lines are also fanning out and pointing downwards, which is a classic signal of a strong downtrend.
​Support/Resistance: The area around $121.66 looks to have provided some temporary support recently. If the current price of $130.81 fails to hold, the next major support level to watch will be the $121 - $126 range (near the 24h Low

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