$SOL current analysis
Sol has been down and in the 4h timeframe, it tries to dictate price reversal but fails, a lot of support levels has been broken down, if the daily lower price i.e 122.52 broken, the next short term support will be 121.66.
121 is a strong support and price may pullback from here.
When we see the daily chart, if the above support not maintained , Solana price can go down to the strongest support $111.83...
The 200 ema and MACD is so steep indicating bearish momentum. The volume is so down three days now as well dictating spot sellers in control.
The RSI is tho in a strong oversold zone which indicates Solana may start pumping with fresh buy in.
The over all market is bearish tho, trump tariffs and global crisis is in play!
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