🚀 Solana stagnates: Is $SOL eyeing a recovery or a crash? - AMBCrypto Analytics

SOL has been caught between $158 and $173 for the past two weeks. Recently, the 50-period moving average crossed below the 200-period moving average, a classic bearish signal in technical analysis known as a “death cross.”

This means that in the short-term, unfortunately, the bears are prevailing.

The price action shoeds a sharp drop followed by intense consolidation. The RSI is currently around 64, closer to the neutral zone’s upper boundary but not yet in the overbought area (typically above 70).

So, there is still some buying momentum, though it is not strong.

SOL’s social volume and social dominance are both on a noticeable decline, suggesting that the crypto community’s favorite altcoin is losing interest and social engagement.