📊$SOL (4H)
Analysis:
Solana is facing mounting pressure amid market dynamics weighing on its performance. SOL reflects bearish sentiment, consolidating near support after a significant decline in September 2024. The MACD histogram has flipped slightly positive, suggesting that bearish momentum is weakening.
Price Targets:
Solana is consolidating around $128, just above key support at $124. The upper Bollinger Band at $135 represents a key resistance level. A break above this could signal a potential recovery, but failure to do so might lead to further downside.
