SOL Crypto Price Prediction as Solana Plunges 5% in Latest Market Dip

The recent price action of $SOL crypto on the 4-hour chart reveals an intriguing setup for traders and investors. With closing prices fluctuating around the $140 to $146 range, the market is currently facing a key resistance at $144.17. A break above this level could see the #Solana price targeting the next resistance levels at $148.1 and $149.71. On the downside, the support levels to watch are $142.03, $141.8, and $140.03.

Analyzing the exponential moving averages (EMAs), the 9 EMA is trending below the 20 EMA, suggesting a bearish short-term sentiment. This is reinforced by the current MACD readings, where the MACD line is below the signal line, and the histogram shows negative values. This indicates bearish momentum, although the shrinking histogram suggests the bearish pressure might be easing.

The Relative Strength Index (RSI) is another critical indicator, currently hovering around 28. This places the #SOL crypto in the oversold territory, which could signal a potential rebound if buyers step in. Historically, an RSI below 30 often precedes a price correction to the upside as the asset becomes undervalued. #altcoins #TrendingInvestments The full analysis and trade strategy were posted on www.ecoinimist.com.