Solana's impressive 11-month bull run, which began in October 2023, is facing a potential turning point. The looming "death cross," where the 50-day EMA crosses below the 200-day EMA, suggests that the bullish momentum could be ending. đ§
Solana is currently testing key support levels at $124 and $120 â if these are broken, a significant price drop may follow.
đ Analyst Alan Santana warns of a possible 42% decline, with the price potentially falling to $80. Despite some short-term optimism from the MACD indicator, Solana remains vulnerable, and investors are urged to monitor the market closely.
đš Solana's Bull Run at Risk: Death Cross May Signal Reversal đ
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