Main notes
- According to the Crypto Market analyst, Ali Martinez, a $ 125 level is the main support for a Sol symbol.
- The loss of $ 125 puts the distinctive symbol on a declining path towards $ 105 and $ 100.
- If Sol EMA regains 20 days and pays more than $ 160, Altcoin may reach $ 200 again.
Like its XRP counterpart, Solana (Sol), the sixth largest digital assets, the moment “Make it or Break” where technical indicators indicate a possible 16 % possible price, even with optimism on social media about assets to the highest historical levels.
Analyst Ali Martinez set $ 125 as a more important support level for Sol, with a possible collapse that opens the door for more declines and re -testing $ 105 in the near future.
Support level 125 dollars
Identify the graph that Ali Martinez has shared as an ascending spoiling style that may lead to a declining collapse, indicating the effects of Habbiyah.
Sol has recently violated the lower direction line of this composition and is now re -testing the level of collapse. If Sol fails to regain the $ 145 region convincingly, it may confirm the landline scenario and lead to a deeper sale.
Another large resistance is the 20 -day SIA moving average (EMA) at $ 136. Altcoin needs to confirm this as support before UP.
Immediate support is $ 125, which is a major defense level. However, failure to keep this level may see that Sol slip about $ 105 and up to $ 58 in the worst scenario of the worst cases, as Martinez's goal suggested on the negative side.
On the contrary, if Sol managed to recover $ 145 and pay more than $ 160, it can nullify the declining collapse and pave the way for a recovery of $ 200 and beyond.
According to CoinmarketCap dataSol decreased by 5.47 % over the past 24 hours, as it is circulating at $ 130.75 at the time of the press, with a decrease of $ 130.46.
The RSI is around 44.60, indicating that Sol is still in a neutral area but tends towards a declining momentum.
Moreover, Bollinger Bands (BB) shows that the price tests the middle range ($ 130) as support that may mean more pressure to the negative side to the bottom ($ 118) unless a reflection occurs soon.
Social feeling against reality in the market
Despite the negative technical references, Solana's social feelings are at all levels ever.
According to SantimeInstitutional interest, influence participation, and technological developments have fueled a wave of optimism through social media platforms.
With major entities such as Gamestop Bitcoin and Blackrock incorporation that launches distinctive treasury boxes on Solana, Sol got a massive percentage 18: 1 of positive comments against negativity online.
Historically, severe social optimism has already been corrected by the market, as excessive shock can lead to positions full of profit and profit by the first investors.
Just one month ago, Solana's feelings were at the lowest point per year, after the collapse of the mad coin collapsed.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.