Sol Usdt TA 💫💥🚨
Solana, the popular layer-1 network, will be in the spotlight this week since its price is hovering above the key support level at $119.5. It has failed to drop below this level several times since April last year, a sign that bears have been afraid of shorting below it.
Therefore, a drop below $119.5 will confirm a bearish breakdown and point to further downside. Besides, the Solana price formed a death cross pattern on March 3 as the 50-day and 200-day moving averages crossed each other.
A drop below $119.6 indicates a further drop to $100.