📉 $SOL Where might SOL's decline continue?
🔍 Current situation:
- Price at $193.09
- RSI = 25.01 → Excessive selling pressure
- MACD = –1.76 → Strong downward momentum
- Price has broken key averages and is trading near the lower Bollinger band
📊 Decline predictions according to analyses:
- If the price fails to maintain support at $192 – $186, it may head towards:
- $173: Important technical support
- $160: ABC correction target according to FinanceFeeds analysis
- $154 – $140: Deeper support areas if selling pressure continues
📈 When will the decline stop?
- If a strong reversal candle appears or if the price firmly rebounds above $201
- Or if RSI improves above 35 with a positive MACD crossover
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📌 Summary:
The decline may continue towards $173 then $160 if a rebound does not appear soon.
But these levels could present entry opportunities for medium-term investors, especially if positive technical signals appear.
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