Warning: SOL faces downside risks under the descending pattern! 😨
SOL
116.56
-1.53%
SOLUSDT
Perpetual
116.43
-1.61%
Since our last analysis, the structure of the Solana market has changed significantly. With the price remaining below a major descending pattern, long trades remain high risk - at least until a clear reversal is confirmed.
What's happening?
From the current perspective, Solana may test the area of 129.50 - 133 before starting a downward wave.
This wave may begin even today, especially with Trump's tariffs that could impact the markets.
If Solana declines, it may reach our downside targets: 🎯 116 🎯 104 🎯 92
You can find more details in the chart!
Thank you and we wish you good luck!
Trade at your own risk 👍
Best regards, Crypto Trading
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