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Solana's price seems to be Another big crash isAnd the analyst also expects a correction to $ 90. Looking at the last slow momentum of the coded currency due to continuous Market newsAn additional decrease of 26 % to its lowest levels can significantly affect Solana's future expectations.
The analyst expects the huge Sol prices to crash
Coinmarketcap data shows that the price of Solana has abandoned most of it Annual gains After that A decrease in the price of 50 % huge Earlier last month. Despite this declining performance, the Tradingvief Madwhale's encrypted analyst High The pain has not yet ended, with a deeper drop in prices for the famous Altcoin.
Related reading: Solana Price on the Verge of 2022-Like Crash to send it to $ 22?
The analyst believes that a 26 % decrease to $ 90 may be on the horizon if Solana fails to find the right support. Share a detailed price supports him Detaire predictionMadwhale suggested that the Solana price be in ComicNoting the continuous declining direction.
The graph shows that Altcoin prices make its highest levels and lower lower levels, confirming its declining structure already. Moreover, Solana is currently struggling to fracture over the main resistance area indicated with a straight red line over the threshold of $ 130.
The curved red arrow highlights the path that is expected to move Solana if she fails to overcome resistance levels. The level of 90 dollars is also distinguished as a major monthly support for Altcoin, where a A possible bounce Or the accumulation has been seized on activists. If Solana is able to re -test this support level, Madwhale believes that he can recover enough to maintain a long upward trend.
While Solana in general Prices and market direction in redTradingView analyst admits that temporary upward movements may occur. However, these simple fluctuations will be short -term, as they are part of the broader landing direction.
It is worth noting that Madwhale has marked the $ 100 mark as a psychological resistance level for the Solana price, as it can affect the decrease in this threshold Market feeling.
Market morale transformations in the market for fear
Solana morale in the market recently Decrease one year decreaseBut the data on the chain shows a more volatile direction. altcoin Fear and greed indicator In 34 Indicate It may approach the intense areas of fear. This indicates a potential period of sales driven by investors.
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Coincodex Data It also highlights that the direction of Solana's general market is a significant drop. Over the past thirty days, Solana has registered more red days than green, indicating a The demolished trend for a long time. As a result of the declining price procedures, Coincodex indicates that now it may be a bad time to buy Altcoin.
Comment on the current Solana morale on the market, Proophit Crypto Analyst Market Notes The crowd is still landing on the encrypted currency. However, the smart money remains optimistic, and it feeds hopes A possible price reflection In altcoin.
Distinctive image from Adobe Stock, Chart from TradingView.com