Solana Price Analysis: SOL Suffers Devaluation At $176
Price analysis from Solana reveals that the market’s volatility seem to follow an inclining movement, which means that the price might go extreme, skyrocket, or decline entirely.
The Trend of the market is bearish, so the probability of the value declining is more likely.
The upper limit of the Bollinger’s band is present at $209, which serves as the strongest resistance.
The lower limit of the Bollinger’s band is present at $171, which serves as the strongest support.
The SOL/USD price appears to be crossing under the curve of the Moving Average, signifying a bearish trend in the market.
The price is also close to the strongest support, and it may even cross under it, which may result in a breakout.