The article highlights the bearish momentum surrounding Solana (SOL) as it revisits the $160 level and faces significant supply pressure. The price trend has experienced four consecutive bearish candles, leading to concerns about a potential massive crash that could push SOL to $106. Despite an intraday recovery of nearly 1%, bulls are hoping for a bounce back and for Solana to reclaim the $200 psychological mark. However, technical indicators suggest a bearish continuation, with the contraction of the Bollinger Bands indicating decisive bearish momentum. The declining social sentiment and increasing negative discussions about Solana further suggest an imminent downfall. Nevertheless, a whale remains optimistic and purchases 87,328 SOL tokens worth nearly $15 million, reflecting confidence in Solana's long-term potential. Currently, Solana clings to the S1 pivot support level at $168, and a closing price under $168 could result in a massive plunge to $106. On a more positive note, if the uptrend regains momentum, the center pivot level at $231 could be the next price target.



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