Solana (SOL)

Solana price is facing fresh bearish action as it slips down the levels below $140, continuing the trend it started a few days ago. The bulls have always entered as the levels hit the local support and hence a similar action may occur as the price has entered the same zone.

The SOL price has reached the lower support of the decisive symmetrical triangle and is expected to drop to the lower support zone. However, the price is facing equal bullish and bearish pressure, due to which the next price action remains uncertain. While the Ichimoku cloud is about to turn bullish, the RSI maintains a descending trend. Therefore, the SOL price may hit the support zone between $120.66 and $125.13 and if the bulls fail to hold, a buying opportunity may occur around $108. $SOL