šØš SOLANA: Buckle Up for a Major Move! š
š Pullback vs. Drop - A Rapid Cycle
Solana has been following a pattern where pullbacks last 20-30 days, while drops happen in a swift 7-14 days. The last drop took just 8 days, showing us how quickly things can shift. Following this, a 55-day consolidation occurred, but now, strong red candles are taking over!
š„ Drop Incoming?
The past 3 days have shown heavy selling pressure, and this could signal the next drop is developing. If history repeats itself, we might see a move similar to late July/early August. Brace yourselves for whatās about to come!
š„ Key Levels to Watch
Solana is currently trading below major moving averages, which are now acting as resistance. Itās holding above the critical EMA377, a level last tested in early August. If Solana breaks below this, the minimum target could be around $121. Below this level? Weāre entering ultra-long-term bearish territory.
ā³ Prepare for the Next Low
With Solana struggling to climb, the next few days could be decisive. While itās hard to predict an exact crash, the current signs show that Solana is not going upāand something big is brewing.
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