The market quickly turned red.
#SOL/USDT📉
The price of Solana ($SOL
by 3.48% over the past day.
On the hourly chart, the price of SOL continues to trend downwards. If the price breaks the local support, the accumulated energy may be sufficient for further correction towards the $145 level.
On the longer time frame, sellers also appear to be stronger than buyers.
If the candle closes below the $152.14 level and without a long wick, a test of the $140-145 range can be expected soon.
From a medium-term perspective, there are no reversal signals yet. In this case, attention should be paid to the lowest level of the previous candle. If the price drops below $150, there is a possibility of seeing a continued correction to $140.
SOL is trading at $150.67 at the time of writing this report.
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