$SOL Is Hanging Near Support
Things are looking bearish as Solana broke down it's crucial support of $150 and broke down the ascending channel. After breaking the support trendline it made a low of $127 this week and currently trading above $130, down -13.44% for the week.
The weakness still prevails as the weekly closing is expected below this support trendline. Although a few hours won't make any difference, in case of any reversal the closing inside the channel is not going to be beneficial either.
Since it is trading below the 7DMA, what I expect for the upcoming week is Sol testing the $120 and $100 levels respectively. If not $120 then a bounce back could be expected from the price of $100.
So if you're planning to buy the dip then hold your money for a couple of days more. This could be the final stage of accumulation and as the altseason index says it is still cheap.
