Solana has been subjected to intense sale of sale since he reached the highest level ever in late January. He struggled to restore momentum, and to face negative morale with a continued decrease in the Meme currency market, which greatly affects the ecosystem of Solana. Analysts suggest that the trading of the speculative Meme is one of the main causes that led to poor performance in Sol, including Sol, compared to bitcoin.
The Crypto Jelle analyst shared a technical analysis on X, highlighting that the Sol/BTC husband is collapsing from the main support level. However, Jill also indicated that there are still two days and 15 hours before the candle is closed, which means that the end result is still unconfirmed. If the collapse is confirmed, Sol may see an additional decrease against BTC, indicating the continued weakness in the Altcoin market.
Solana's performance was closely linked to Meme Coin's speculation, which initially fueled the boom but now leads to negative pressure. The next few days will be crucial in determining whether Sol can restore the main support levels or if the negative side is waiting. Investors closely monitor the dominance of BTC and Solana's ability to adhere to its land, as the broader market seeks to clarify the role of Altcoins in this session.
Solana faces a big test
Solana has now been traded at its lowest level since November 2024, as it actually eradicates all gains from the post -election rally. Once many excel over the performance of many in the market, Solana is now struggling to restore momentum amid a wider sale. Meme Coin's speculation, which was once an incentive for its height in the meteorite, has become a major factor in danger, which contributed to increasing the pressure pressure and increasing concerns about the long -term network sustainability.
This shift in market morale was inevitable, as speculative bodies often lead to great corrections. MEME currencies, which have pushed the sizes of transactions that have shattered the record and high network activity, are now responsible and not as a origin. Many investors who flocked to trading a highly dangerous Meme currency from the market or facing significant losses, which led to liquidity decreased and further declines in prices.
Share a generation X analysisAnd revealed that Sol/BTC is collapsing from the main support level. However, he warned that the 3 -day candle is still in front of two days and 15 hours before the closure, which means that a decisive collapse has not been confirmed yet. He also pointed out that although the price movement seems weak, it is still possible that the upscale difference in support may occur if buyers intervene strongly before the closure.
Currently, Solana remains at a critical turn, as the next few days are expected to be a pivotal in determining her short -term direction. If Bulls managed to defend the main support levels, he may follow the recovery process. However, if the pressure pressure continues and the confidence remains low, Sol may suffer from increasing the negative side, which extends the correction stage.
Sol testing fresh request levels
Solana is currently trading at $ 168 after setting the lowest level in less than $ 163, indicating that the bears are still up top hand in the short term. The bulls are now testing the new demand at this level, and they must pay the price above $ 170 as soon as possible to keep the upper structure. This level will be a major short -term resistance, and that will be restored for the first step towards a recovery gathering.
If Sol fails to get more than $ 170, the massive risk of correction increases, with the following main support zone about $ 150. Continuously in the downward direction Sol can be deeper, especially if the broader market morale remains down.
However, the successful recovery of the $ 170 brand, followed by the outbreak of $ 190 in the coming days, will be a strong sign of power. The step of more than $ 190 indicates that the bulls are preparing to control, paving the stage for a possible payment of about $ 200 and higher supply areas.
Distinctive image from Dall-E, the tradingView graph
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