Solana ($SOL ) Declines Amid Market Volatility: What Does Technical Analysis Say?

In recent hours, the Solana coin has decreased by 1.96% to settle at $145.11, attracting the attention of followers amid a market environment characterized by sharp volatility and technical and economic pressures affecting most altcoins.

The technical analysis for $SOL and altcoins indicates the following:

Monthly timeframe: The trend remains bearish, reflecting a long-term correction after strong upward periods.

Weekly timeframe: Bullish signals are appearing, which may indicate the beginning of a potential change in the overall trend.

Daily timeframe: The short-term trend is bearish, with noticeable selling pressure.

In light of this divergence between timeframes, Solana remains in a technically sensitive area, and the next movement could be crucial in determining its direction over the coming weeks.