SOL One Hour Trend Analysis
Solana (SOL/USD) looks a bit bleak in the short term and may continue to drop.
The price target, well, the first one has already been reached.
So what now? Below $259.88, that's the rhythm of decline.
Where might it drop next?
$243.99, that's not a big drop, just 1.48%. Further down, $229.98, that would be a drop of 7.13%.
How is this analyzed? As long as the price remains below $259.88, going short might be an option. Sellers are eyeing the support level at $243.99, and once it breaks, the decline may become even more severe.
Technical indicators also show a high likelihood of a drop in the short term.
But be careful, don't just blindly look bearish; there might be a small rebound.
Just to clarify, this analysis is for your reference, do not take it as investment advice. The cryptocurrency market is like a roller coaster, prices change rapidly. Trading carries risks, and if you incur losses, don't blame me. Before making decisions, do your own research and consult a financial advisor.
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