The article discusses the recent price action and technical indicators for Solana (SOL). The price of Solana has struggled to stay above $200 and has declined to the $190 range. Technical indicators such as the Ichimoku Cloud and DMI suggest that sellers are in control, with growing bearish momentum and weakening bullish attempts. The Ichimoku Cloud chart shows persistent downward momentum, and the DMI indicates an increasing trend strength for the bearish movement. The article suggests that if the bearish trend continues and the ADX surpasses 25, it would confirm a stronger bearish trend, making it difficult for buyers to reverse the momentum. However, if Solana can stabilize at the $187 support level, a potential rebound could follow. A sustained recovery and breakout above $200 could shift sentiment and allow SOL to challenge the next resistance levels.
Content Editor ( beincrypto.com )
- 2025-02-13
Solana (SOL) Price Drops Toward $190 Amid Rising Selling Pressure
