While the crypto money market continues its wavy course, many popular Altcoin loses significant support levels. In this context Solana (Left) price also entered the decline trend and fell below $ 200. Well, will this decline continue or Solana price Will it gather? Here are short -term price analysis and possible scenarios for Altcoin.
Solana Price Analysis: Fell below $ 200
The price of Solana decreased by 4.59 percent in the last 24 hours below 200 dollars. While the transaction volume reached 3.34 billion dollars, a 5.59 percent decline on a weekly basis. This point to the increasing sales pressure among investors. AltcoinThe market value of 94.6 billion dollars and the dominance rate in the crypto currency market was recorded as 3.02 percent.
When we look at the technical indicators, the relative power index (RSI) seems to continue the decline trend as it approaches the excessive sale zone during the daily time period. This is Left pricesupports the negative appearance. However, the simple moving average (SMA) indicator shows a positive convergence in the price graph and draws attention to the unstable course of the market. In short Left coin It gives both decrease and recovery signals.
Can the left price rise? IMPORTANT LEVELS, COMMENT
In order to recover the solana price again, buyers need to recover the $ 200 level. If bulls gain strength in the market again, the price of Altcoin can first test the resistance level in $ 200. If it is permanent above this level, a new wave of rise may start to $ 210.
However, if the bear market maintains its impact Left coin priceIt is likely to withdraw to $ 181.50. The fall below this level may confront Solana with a process in which it declined to the $ 155 band. In particular, the intensification of sales pressure can accelerate this decline scenario.
Technical analysis and existing market conditions give important signals that investors should follow carefully. Solana’s short -term movements are of great importance in this uncertain market environment.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
