$SOL 🚨 Solana continues to fall! What's going on? 🧐📉
After yesterday's strong correction, SOL continues to decline, now trading at $166.44, accumulating -6.72% in the last 24 hours and with a minimum of $160.88 in the period.
🔍 What does the data show? 📉 In 7 days, Solana has already fallen -17.37%
📉 In 30 days, the loss reaches -34.58%
📉 In 90 days, it accumulates -28.52%
🟢 Still, in the 1-year horizon, it remains positive at +48.47%
📊 Technical Indicators
🔸 The price is below the 7, 25 and 99 period moving averages, showing weakness in the short term
🔸 Trading volume is still high, suggesting strong market movement
🔸 65.7% of the orders in the book are buy orders, showing possible support forming
💡 Opportunity or trap?
Solana is in a moment of adjustment after a big rally, but has it already found its bottom or will we still see more falls? 🤔
📢 Do you think it's time to buy or will the market still fall further? Comment below! 👇🔥
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