The bearish trend for Solana$SOL may reverse$BTC $TRX

The BBTrend indicator for Solana recently reached its lowest level since August — on December 22, its values were -18.89. By December 24, it had stabilized at -14.64. For three days now, the indicator has been in the negative zone.

However, signs of recovery are observed. A slight increase in BBTrend values may indicate that selling pressure is starting to weaken and buyers are returning to the SOL market. This hints at a potential price increase in the near future.

Nonetheless, this growth will still be limited until the indicator returns to the positive zone. Until then, the market is likely to continue to exercise caution regarding Solana.

Meanwhile, the DMI chart shows that SOL's ADX is currently at 34. Just yesterday, on December 23, the ADX was at 50.

This drop signals a weakening of the current downtrend of the altcoin. Such dynamics may mean that selling momentum is starting to fade. Thus, in the foreseeable future, one can expect consolidation of Solana at current levels or even a trend reversal to the bullish side if buyers show more activity.#BtcNewHolder #2024To2025