👀 According to BeinCrypto: $SOL Price Could Drop to $130 Next

The day before yesterday, Solana reached the 50-day EMA support at the 0.382 Fib level, approximately at $160, and rebounded strongly. Currently, the SOL price faces significant Fib resistances around $180 and $195.

Moreover, the Moving Average Convergence Divergence (MACD) histogram has shown bullish momentum over the past three days. However, the MACD lines are bearishly crossed, and the Relative Strength Index (RSI) remains neutral.

In addition, the EMAs maintain a golden crossover, indicating a bullish trend in the short to medium term. Nonetheless, the corrective phase will only conclude if Solana surpasses the golden ratio of around $195.

In the 4-hour chart, the MACD lines are in a bullish crossover, while the histogram fluctuates between bullish and bearish movements.

At the same time, the RSI is hovering in neutral territory, and the EMAs maintain a golden crossover. However, they are approaching closely, potentially leading to a Death Cross.