#Solana (SOL) Analysis
The bulls are demonstrating acute weakness at
the moment as they are unable to rise above the
pivotal resistance zone. After breaking down
from the rising wedge, the SOL price is
consolidating within a narrow range. The price
appears to be accumulating strength, which
could be utilized in the coming days to reclaim
the lost levels.
The short-term trade suggests the price is
about to display massive price action as the
StochRSI is about to hit the lower threshold and
make a move within the bearish range. This may
drag the levels slightly below $140 for a while,
which could revamp a fine bullish trend.
Besides, the volume has slumped heavily, which
shows the possibility of compression, which
may result in a massive breakout soon. With
this, the Solana price may rise to $160 in the
coming days.
