CandleFocus Solana Price Dips Below $142: Is This the Bottom for SOL?
2024-10-03
Author: Content Editor
The price of Solana (SOL) has fallen to $141.74, leading to speculation about whether it has reached its bottom. Technical indicators are providing mixed signals on its future price action. Trading volume has decreased by over 20%, suggesting a more cautious market. The near-term support level is $142, with the next support at $140. On the upside, resistance lies at $146.44. There have been more short liquidations than long liquidations, indicating increased volatility and uncertainty. The 1-day RSI suggests selling pressure, but it is not yet in oversold territory. The 1-day MACD indicates a short-term bearish trend.
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