🚨 $SOL Solana is losing ground: is it worth buying on the decline?
Solana (SOL) fell to $131.19, losing -8.05% in a day and -9.10% on Binance. The decline over the month looks especially dramatic:
🔻 7 days: -21.72%
🔻 30 days: -47.34%
🔻 90 days: -45.35%
At the same time, SOL is still in the plus for the year (+20.41%), but the bearish trend is gaining momentum.
📉 Technical analysis:
The chart shows that Solana has broken through the $140 level and continues to decline. The nearest support is $125-120, where buyers may appear. If the price does not hold, a move to the $100 zone is possible.
📊 Volumes and sentiment:
The 24-hour trading volume was 710 million USDT, there are slightly more sellers (53.95%), but the pressure on the market still remains.
💡 Possible scenarios:
📍 A rebound from the $125-130 zone could return the price to $150-160.
📍 A further decline will open the way to $100.
⚠️ Be careful! The bear market is in full swing, which means it is important to keep a cool head and adhere to risk management.
💬 Your thoughts? Will you average or wait for more favorable levels? 🚀