📉 Solv Protocol: Major correction after hitting a peak of $0.0536!
The price of $SOLV is currently at $0.0294, up slightly by +2.12% over 24 hours, but showing a decline of 17.69% over 7 days and -87.08% over 90 days.
🔎 Technical Analysis:
📌 The peak at $0.0536 was followed by a sharp drop, with a recent low of $0.02688.
📌 Moving averages: The MA(7) ($0.0320) is below the MA(50) ($0.03686), indicating selling pressure.
📌 Key support at $0.02815, currently being tested with a slight bounce.
⚠️ Outlook:
If the support holds, a rebound to $0.032-$0.036 is possible. Otherwise, a break below $0.028 could extend the downtrend.
💬 Do you think SOLV can bounce back or will it continue to fall?