Solana (Left), Bitcoin (BTC) in recent weeks, while experiencing a remarkable depreciation, technical analysis began to stand out negative signals. According to experts, after the latest decreases, Solana graphics are the scene of a potential “Death Cross” and “Falling Wedge” formations. These two patterns are among the important technical developments that show that they should be cautious for investors. Crypto currency investors are focused on whether Solana can maintain their support levels.
Technical indicators give alarm
Solana’s price chart, especially short -term moving averages approach to long -term averages, strengthens the possibility of a classic death cross. This technical formation is often considered a harbinger of a long -lasting trend. In addition, the contraction between the moving averages indicates a decrease in volatility and a potentially price stuck. Such technical formations show that aggressive price movements may occur in the short term.
Recent price movements also support this technical appearance. In January 2025, 54 percent of the depreciation of the Solana, a decrease of 23 percent in mid -April. In the left/BTC parity, the price fixed at 0.00158 BTC levels shows that the decrease trend continues. Support and resistance levels, which are considered critical in technical analysis, stand out as factors that directly affect investment decisions at this point.
“Falling Wedge” formation and market reactions
Analysts say that the existing graph is a falling wedge formation called “Falling Wedge .. This formation typically represents a consolidation period and is considered as an ascension signal if the upper limit is broken. However, if the support level is broken downward, the sales pressure may concentrate and the price may decrease to lower levels. For this reason, how the formation will result is a key element to determine Solana’s short -term performance.
Market expert Ali Charts says that short -term jumps can mislead the investor, while the long -term trend is more dominant. At the same time, corporate moves, such as the release of Canadian -based Solana ETFs, lead to a short -term recovery. However, question marks on whether this recovery will be permanent still remain valid.
Currently, technical data points to 0.0018 BTC level for solana as resistance and 0.0014 BTC level as a support point. Breaking these levels down or upward can make new strategic decisions for investors. In this struggle against Bitcoin, Solana will progress in the course of technical indicators and market reactions.
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 carry out their operations in line with their own research.
